FOR SALE
Lease

330 Horsehill Road
Elaine VIC 3334

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1639ha
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"Narmbool Farm" - Wonderful large scale lease opportunity 4,049 acres (1,639 ha)*

For Lease by EOI - Closes 6th December 2pm.
This property presents a unique opportunity for mixed farming with a significant scale, located conveniently between Ballarat and Geelong. The history of turning off up to 6,500 prime lambs annually showcases its potential for livestock production. The variety of soil types, from friable volcanic loams to heavier black clays and gravel areas, offers flexibility for cropping and fodder production alongside sheep farming.
Key features include:
• 50 paddocks, all with dams and a backup water network of troughs.
• Shelter belts and fenced gullies for livestock protection.
• Infrastructure such as a 6-stand woolshed (600 capacity), an additional 2-stand woolshed, 5 grain silos, two dwellings for site managers/workers, and 3 strategically placed sheepyards.
• Preference is given to tenants willing to collaborate closely with the property owner, especially in utilising shared areas like the front driveway and respecting the natural assets of the land.
• A tenant may have the option to purchase existing livestock and equipment.
• The offer emphasizes long-term tenancy and focuses on sustainable use of the land.
For Information Memorandum, inspection and further lease documentation, contact:
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Property Details for 330 Horsehill Rd, Elaine

Building Type
Rural
Land Size
1639ha

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About Elaine 3334

The size of Elaine is approximately 105.7 square kilometres. It has 1 park covering nearly 0.1% of total area. The population of Elaine in 2011 was 328 people. By 2016 the population was 240 showing a population decline of 26.8% in the area during that time. The predominant age group in Elaine is 50-59 years. Households in Elaine are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Elaine work in a labourer occupation. In 2011, 77% of the homes in Elaine were owner-occupied compared with 79.7% in 2016..

Elaine has 180 properties. Over the last 5 years, Houses in Elaine have seen a 62.67% increase in median value, while Units have seen a -48.26% decrease. As at 30 September 2024:

  • The median value for Houses in Elaine is $733,258 while the median value for Units is $450,805.
There are currently 1 property listed for sale, and no properties listed for rent in Elaine on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Elaine.

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Adrian Smith
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Nutrien Harcourts Ballarat
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