Rural Funds Group buys Cobungra Station for $35 million
The rural property trust, Rural Funds Group has bought Cobungra Station for $35 million.
Cobungra Station – one of Victoria's largest and most prestigious high-country beef breeding enterprises – was offered for sale last April.
It was for only the third time in 100 years.
The $35 million deal secured the 6486-hectare alpine beef property at the foot of Mount Hotham, plus more than 24,000 hectares of adjacent grazing licences.
Cobungra Station has a history and reputation as a grower of high quality Australian beef stretching back to the 1800s.
Its cattle comprises Full Blood Wagyu, F1 Wagyu Cross and English Breed herds.
In 2001 a comprehensive full blood wagyu breeding programme commenced, starting with a herd of 70 cows descended from Michifuku bloodlines. Since then the Cobungra full blood wagyu herd has developed substantially.
At between 1000m and 1500m above sea level, the altitude and clean mountain air, combined with abundant clean water makes a naturally healthy place to raise cattle.
Cobungra Station's Wagyu product is distributed under the award-winning “Blackmore Wagyu” label.
Stone Axe Pastoral Company, a Wagyu producer that leases two other properties from RFF, has entered a ten-year lease with a rent review in year five.
The 1929 Great Alpine Road, Omeo property was offered through Elders and Colliers.
