South Gippsland dairy sold at $8.1 million

South Gippsland dairy sold at $8.1 million
Jonathan ChancellorMay 24, 2015

The South Gippsland property looks like a car yard, but the Poowong property is a 767 acre dairy farm milking 550 cows.

It has been sold at $8.1 million through Harcourts Warragul agent John Rowe. It was listed initially in March last year, and has mostly had price indications around $8.5 million.

The property is located in the Victoria district with what is considered some of the most highly reliable natural rainfall regions in Australia, 110 kms East of Melbourne .

It was marketed as having close access to many major milk processers , including United Dairy Power, Burra Foods, Longwarry Milk Park, Murray Goulburn and Fronterra all within 50km. 

There was a 40 Stand rotary with automatic cup removers, automated milk meters and automatic teat spray and 29,000 litre milk vat capacity with access for B-double tankers at the 185 Ogilvys Lane farm.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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