OFF MARKET

469 Gallum Road
Cooriemungle VIC 3268

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 2167107m2
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Property Details for 469 Gallum Rd, Cooriemungle

Building Type
Rural
Land Size
2167107m2
Local Government
Corangamite
Lot/Plan
37~C/PP3690

Last Listing description (May 2012)

''Cooriemungle Creeks'nMotivated Vendor - Substantal Price Reduction
697 Acres - HUGE POTENTIAL - ABUNDANT WATER
* Large Scale dairy farm located in the heart of the renowned

' Heytesbury District n* Available as a whole or in separate lots
* Close proximity to Simpson & Timboon; easy travelling distance to Cobden, Camperdown, Terang, Warrnambool & Colac
* School busses past front gate for primary & secondary education
* 50 unit rotary dairy (9 y-o) set up for a one man operation with auto cup removers, tension bars, peak flow meters, auto teat spray, auto feed system, 9000 litre vat, pto drive back up generator, 50 tonne Nelson silo
* 30 cow calving pad with crush
* Ample shedding including two calf sheds, machinery sheds & workshop
* Set of steel portable cattleyards including cattle crush located on drystock / fodder block
* Main home - 3 bedroom hadiplank with open plan living, slow combustion heater & reverse cycle air conditioning and two car garage
* 2nd residence - 2 bedroom weatherboard cottage
* 3rd home hasn't been occupied for about two years but is still structurally sound and with some work & renovations could be made liveable again
* Reliable seasons - assured 40''+ high rainfall region
* Milking Platform - has milked in the past 450 plus cows on low input system
* Historically has produced off the milking platform up to 2.6 million litres of milk & approximately 180,000+ kg MS
* Pastures mainly sown down to perennial ryegrasses & clovers with some tall fescue
* Nicely balanced country featuring clay loam banks and deep sandy loam flats enabling extended growing seasons into the summer
* Three semi-permanent creeks meander though the property
* Abundant water for Stock & Domestic purposes - 3 large main dams & one extra large dam provide water security all year round
* Pressurised reticulated stock water system to mainly 750 & 1,000 gallon troughs
* Extensive laneway system to approximately 90 paddocks ranging in size between 4 - 8 acres
* Extremely well sheltered with mature Cypress, Native, Poplar & Willow plantations throughout providing many warm paddocks
Cosmetically the property requires some much needed TLC plus an injection of capital to boost productivity and improve operator efficiency - significant potential exists for substantial productivity gains under wise management.
A good opportunity begs for a shrewd operator to purchase a nicely balanced parcel of land with scale, in a first class dairying region that enjoys the benefit of good soils & reliable rainfall, and boasts about that all important 'ability' to grow significant quantities of grass from natural rainfall.
Highly Motivated Vendors who are prepared to Meet the Market
Available as a Whole
Lot 1: 697 acres - $3,500 per acre
or in Separate Lots
Lot 2: 533 acres milking platform - $4,000 per acre
Lot 3: 354 acres Home Block - rotary dairy, 3 homes on Gallum Road - $4,500 per acre
Lot 4: 179 acres on corner of Gallum Road & Cooriemungle Road - $3,800 per acre
Lot 5: 164 acres drystock/fodder block on Cooriemungle Road - $3,800 per acre
CONTACT: For further information and / or to arrange an inspection please contact Tim Gladman on 0418 131 638

Property History for 469 Gallum Rd, Cooriemungle, VIC 3268

A timeline of how this property has performed in the market
Last Sold
$3,171,350
20 Nov 2019
  • 20 Nov 2019
    Sold for $3,171,350
  • 18 Feb 2012
    Sold for $1,114,450
  • 04 Nov 2011
    Sold for $1,220,500
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About Cooriemungle 3268

The size of Cooriemungle is approximately 146.5 square kilometres. It has 3 parks covering nearly 13.9% of total area. The population of Cooriemungle in 2011 was 465 people. By 2016 the population was 373 showing a population decline of 19.8% in the area during that time. The predominant age group in Cooriemungle is 50-59 years. Households in Cooriemungle are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Cooriemungle work in a managers occupation. In 2011, 79.8% of the homes in Cooriemungle were owner-occupied compared with 64.4% in 2016..

Cooriemungle has 159 properties.

    There are currently 2 properties listed for sale, and no properties listed for rent in Cooriemungle on OnTheHouse. According to CoreLogic's data, 11 properties were sold in the past 12 months in Cooriemungle.

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    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.