Two Victorian farms listed for $22m-plus combined

Beef and chicken are on the menu with the separate sales of an iconic rural holding in South Gippsland and a 82ha poultry enterprise. See the details.

Tullaree, at Buffalo in South Gippsland has hit the market for the first time in 70 years.

One of South Gippsland’s most iconic rural holdings has hit the market for the first time in 70 years.

Located 33km south of Leongatha, Tullaree features a historic Victorian-Federation homestead, six contiguous titles, an abundant natural water supply and Tarwin River frontage.

Selling agent Nick Myer said the property enjoyed an excellent reputation for the quality of its stud and commercial cattle, in addition to specialised poultry.

Soil types including black loam and peat river flats moving into rising grey loams are sown to improved pastures of perennial rye-grass, fescue and clover, while native timbers and wildlife corridors along the waterways act as shelter belts.

The property produces an average of 450 breeders a year, plus followers, and up to 8200 geese, pheasants and chickens grown and processed on-site, targeting the high-end restaurant trade.

Both beef and poultry have been produced at the Tullaree property.

BUFFALO
TULLAREE
Property: livestock
Size: 411ha
Sale: expressions of interest closing March 20 at 4pm
Price: $13 million-plus
Agent: Elders Real Estate
Contact: Nick Myer, 0427 610 278 and Ben Townsend, 0400 594 487

Stock water is sourced from the Tarwin River, Fish Creek and Bald Hill Creek, numerous catchment dams and a reticulated trough network, boosted by the area’s annual average rainfall of 860mm.

Tullaree’s red-brick homestead today has 14 rooms including five bedrooms, three bathrooms, a 21m hallway, multiple formal and informal dining and living rooms, modern kitchen with AGA stove, single carport and double-bay garage.

A further 60-80ha are sown to either forage crops or pastures for silage production (400-500 bales).

It features polished pine floorboards, high ceilings, expansive windows, open fireplaces, hydronic heating and a 131,000-litre rainwater tank.

The gardens include a pair of historic Washingtonia palms at the front of the house, an avenue of ornamental pear trees, mature trees, box hedges and a self-cleaning, heated in-ground pool.

Manager or staff accommodation is provided with a four-bedroom residence including double-car garage and private access, while the new undercover cattle handling facility (510-head capacity), is equipped with crush, weigh scales, vet room, in-built treatment storage and water connection, 6.2m loading ramp, adjustable V-curved force race, round yard for three-way drafting and concrete floor.

Other infrastructure includes an airstrip, two machinery sheds, workshop, steel hangar or sundry shed, poultry shed and back-up generator system connected to the homestead and all improvements.

Meanwhile, a top-tier poultry operation with a secure long-term grower agreement in Victoria’s highly-regarded Golden Plains region has come to market.

Somerset Poultry, a best-in-class broiler farm in Murgheboluc, has been listed for sale offering six state-of-the-art broiler sheds.

JLL Agribusiness are handling the sale of the Somerset Poultry property, via expressions of interest with the asset underpinned by a long-term grower agreement with the Turosi Food Solutions Group.

JLL Agribusiness senior director Chris Holgar said the poultry production reached almost 300,000 birds per batch under RSPCA-approved conditions.

“The property, spanning close to 82.26ha of freehold land, is strategically positioned within proximity to key supply chain infrastructure, ensuring both operational efficiency and market certainty.”

Somerset Poultry is located at Murgheboluc, spanning close to 82.26ha of freehold land.

MURGHEBOLUC
SOMERSET POULTRY
Property: poultry
Size: 82.26ha
Sale: expressions of interest closing March 20 at 4pm
Price: 9-9.5 per cent yield on EBITDA
Agent: JLL Agribusiness
Contacts: Chris Holgar, 0411 177 167, Chris Lawlor, 0408 687 880 and Jock Grimshaw, 0488 191 840

Somerset Poultry also offers water security through reliable access from Barwon Water mains (via a private main), the Barwon River, bore water, and extensive on-farm dam storage of about 50ML.

“Somerset Poultry represents an outstanding opportunity, with the expansive farm located in a prime location and a longstanding grower agreement in place, ensuring consistent revenue and strong financial performance,” JLL Agribusiness associate director Jock Grimshaw added.

“With an EBITDA of approximately $1.1m, this is a reliable, high-yielding asset offering a secure income stream. We believe it will trade in the vicinity of a 9 per cent yield.

“The Australian poultry sector has seen consistent growth in domestic consumer demand over the past few decades. This is reflected in per capita consumption, with chicken significantly outpacing beef, pork, and lamb as the preferred protein choice.

“Somerset Poultry is a truly first-class enterprise, featuring high-quality production infrastructure, strong biosecurity measures, and access to critical supply chain components. Its location, coupled with a secure water supply and consistent production, makes it a standout investment opportunity.”