Located just outside Ballan, 35km from Ballarat and 44km from Geelong, Yaloak Estate has been owned by Melbourne businessman and lawyer Peter Yunghanns for the past 50 years.

Comprising 59 titles, the property will appeal as both a highly productive cropping and grazing enterprise and a potentially profitable future development opportunity.

BALLAN

YALOAK ESTATE

PROPERTY: land banking, mixed farming

SIZE: 5071ha

SALE: Expressions of interest close October 18

PRICE: Above $50 million

CONJUNCTIONAL AGENTS: Colliers International, Kidder Williams

CONTACT: Duncan McCulloch, 0416 047 484, or James Beer, 0416 859 565

Agent Duncan McCulloch said the sale represented “the biggest land-banking opportunity to come to the market in recent years in this area”.

“Yaloak Estate comprises around 2000ha of arable land suitable for cropping, with the owner sowing 1200 to 1500ha annually to various crops and using the balance mainly for grazing,” Mr McCulloch said.

“Most of the grazing land has also been extensively improved, together with a comprehensive fertiliser regime.”

The farm’s sheep flock, which was dispersed earlier this year, was built around East Friesian/composite ewes based on Derrynock bloodlines.

In 2018, the ewes scanned at 170 per cent in-lamb.

“Substantial soil improvement programs have also been undertaken, including extensive sub-soil manuring,” Mr McCulloch said.

“The impact of this program has seen substantial increases in crop productivity across the farm.”

Yaloak Estate enjoys mains water supply and has numerous dams throughout the property, with laneway systems and stock water reticulated to each paddock.

The renovated and well- maintained homestead, built around 1890, sits at the end of a gravel-lined driveway, surrounded by expansive lawns and mature, well-maintained gardens.

There are seven additional residences, a fully equipped equine centre, shearing shed, workshops and many other structural improvements.

The property is also home to the Yaloak Polo Club, founded in 1980, which draws players and spectators from all over Victoria to enjoy competitive tournaments, midweek chukkas and regular barbecues.

The estate will benefit from a wind-farm agreement put in place by Mr Yunghanns that will see 14 turbines producing extra income for the new owner.