OFF MARKET

760 Collins Road
Bagshot North VIC 3551

Bedrooms: -
Bathrooms: 1
Car spaces: -
Land area: 433445m2
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Property Details for 760 Collins Rd, Bagshot North

Building Type
Rural
Land Size
433445m2
Local Government
Greater Bendigo
Lot/Plan
2A~13/PP2706

Last Listing description (October 2015)

This olive grove was established in 1998 as a ploy to push a quality product into the market with renowned distributors and retailers. As part of the professional establishment of this property, all aspects of creating a successful farming model have been addressed. Having table and oil production is a bilateral approach that can moderate and maintain returns on an ongoing basis.
This property features good drainage and water harvesting, trees which are coming into strong production, sleek irrigation setup, power, shedding and a block over 100 acres which can easily accommodate a dwelling and more shedding (STCA)
It is very centrally placed just 8km to Goornong, 30km to Bendigo and 170km to Melbourne.

Major 9,800 tree central Victorian irrigated olive grove with professional set up and infrastructurenEstablished as a stand-alone and low input farming venture, all the hard work has been done and the 12-15yo (Frantoio oil) plus the (8-10yo Kalamata table fruit) trees are starting to bear in strong numbers. Industry estimates for establishment costs now vary from $50 to $100 per tree.
The large block was selected to combine central Victoria's very suitable Mediterranean climate, ample run off of rainwater in a very large dam for irrigation, good drainage (as was recently tested by 2011 floods) and proximity to markets and processing facilities.
There are scattered mature box trees throughout the farm which largely consists of red clay loam soils, draining to the east. Single phase and two phase power is on the block for the electric pump used for irrigating the trees. Other improvements include a 30' x 20' steel shed with power, concrete base, lock up sliding door and a 1000 litre tank attached. A further 9' x 9' shed houses the 2 phase Grundfos pump, 7.5Hp, (5.5Kw) complete with auto self-cleaning filter and supplying water plus nutrients along 50km of poly tubing. This is pushed through 16mm poly pipe to 1m spaced drippers delivering 2.1 litres per hour and 5m spaced drippers through 19mm poly which delivers 8 litres per hour. 40mm electric 3 way valves control supply to the 7 different sections of the grove, there is an Amiad fertigation system to fertilise in solution/irrigation the trees.
There are approx 3,800 Kalamata and 6,000 Frantoio trees which have 5m spacings and 6m between rows to maximise growth and production. Recent production from the trees has seen up to 43000 kg of fruit harvested for oil from just 3000 trees(frantoio) in 2011 or averaging approx 14 kg per tree and since 2010 Kalamata fruit has been harvested and sold as fresh fruit.

Property History for 760 Collins Rd, Bagshot North, VIC 3551

A timeline of how this property has performed in the market
Last Sold
$1,225,000
11 Sep 2022
  • 11 Sep 2022
    Sold for $1,225,000
  • 25 Oct 2019
    Sold for $960,000
  • 08 May 2015
    Listed for Sale Price on Application
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About Bagshot North 3551

The size of Bagshot North is approximately 62 square kilometres. It has 2 parks covering nearly 9.2% of total area. The population of Bagshot North in 2011 was 299 people. By 2016 the population was 27 showing a population decline of 91.0% in the area during that time. The predominant age group in Bagshot North is 40-49 years. Households in Bagshot North are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bagshot North work in a managers occupation. In 2011, 93.8% of the homes in Bagshot North were owner-occupied compared with 55.6% in 2016..

Bagshot North has 45 properties. As at 31 July 2024:

  • The median value for Houses in Bagshot North is $688,153.
There are currently 2 properties listed for sale, and no properties listed for rent in Bagshot north on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Bagshot north.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.