OFF MARKET

105 Spring Dam Road
Terang VIC 3264

Bedrooms: 6
Bathrooms: 3
Car spaces: 4
Land area: 4448455m2
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Property Details for 105 Spring Dam Rd, Terang

Building Type
Rural
Year Built
2006
Land Size
4448455m2
Local Government
Corangamite
Lot/Plan
2/PS323410

Last Listing description (October 2014)

KAKARIKI FARM Prime Irrigation dairy property
850 ACRES – 344 HECTARES
An attractive high producing dairy property in the renowned, secure Terang area. Comprising well structured grey/brown basalt soils with some clay based loams on river flats to the perma-nent Mt. Emu Creek. These fertile soils carry a tremendous covering of quality, young high pro-ducing, current species perennial and short rotation pastures.

Property features the added benefit of 80ha of irrigation on land leased from the Terang waste water Authority. Up to 270 megalitres of treated waste water is pumped to the farm and irrigated via a movable centre pivot to 50ha in 2 circles. There is also 30ha irrigated via an automatic pop-up sprinkler system.
The 80ha of irrigated land is incorporated in a total of 121ha of leased land.
The farm boasts an excellent layout and is serviced by a well maintained, wide central laneway system to 90 paddocks.
Stock and dairy wash water is supplied from electric submersible pumps on reliable bores, wa-ter is pressurized to 1000 gallon troughs in all paddocks.
Treed shelterbelts and the gently undulating Easterly aspect of the property offer very effective shelter to most paddocks on this very well set out property.
A near new 50 stand Rotary Dairy (built 2006) is equipped with Milka-Ware plant, Auto cow ID, cup removers, auto teat spray, auto feed system and a 21,000 ltr Packo vat. A very well ap-pointed dairy. Good ventilation. Maintained in top condition.
Calf rearing section with in-ground drainage, water and power and a lock-up workshop are in-corporated in a new 48mx12m steel machinery shed. Abundant machinery shedding is conven-iently placed on the property.
An attractive, well presented, 6 BR, 2 storey country style home. Clad in white brick and set well back from the road frontage, provides a pleasant contrast amidst the rich green fields of this immaculately presented property. Set in well maintained, uncluttered, easycare cottage garden surrounds.
Ample good quality staff accommodation is provided on the property in- 1x4BR WB home set in sheltered well established garden surrounds. 1x3BR WB home well presented in sheltered gar-den surrounds and 1x3BR Cedar WB transportable home.
In recent years 620 Friesian/Jersey cross cows have been milked on the property. Achieving high production levels, in excess of 530kg MS/cow with less than 1 tonne of bale-feed/cow.
All fodder other than bale-feed is produced on farm including 2500 wet tonnes of silage and 200 tonnes of pasture hay. All young and replacement stock are run on the property. Approxi-mately 190 heifer calves are reared out of the vat each year.
This unique property is immaculately presented, featuring high standard improvements, quality pastures and a superb location.
A rare opportunity! To operate 1150 acres of dairy business for the price of 850 acres.
Situated in South West Victorias enviable dairy area. Australias most secure dairy region.
On the outskirts of the pleasant rural township of Terang.
Close to regional city of Warrnambool, approx 50km.
Easy access to Primary, Secondary and Tertiary education facilities in Terang and Warrnambool.
Vendors are offering this magnificent 1180 acre enterprise as a going concern including all livestock, plant and equipment but will give serious consideration to genuine offers for the land and improvements only.
A well managed dairy enterprise that offers scale and consistent high returns. An inspection will satisfy the most discerning buyer.

Property History for 105 Spring Dam Rd, Terang, VIC 3264

A timeline of how this property has performed in the market
Last Sold
$1,235,874
29 Sep 2021
  • 29 Sep 2021
    Sold for $1,235,874
  • 05 Mar 2021
    Sold for $5,360,000
  • 29 Nov 2018
    Sold for $668,040
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About Terang 3264

The size of Terang is approximately 119.2 square kilometres. It has 4 parks covering nearly 0.5% of total area. The population of Terang in 2011 was 2,348 people. By 2016 the population was 2,281 showing a population decline of 2.9% in the area during that time. The predominant age group in Terang is 50-59 years. Households in Terang are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Terang work in a managers occupation. In 2011, 71.2% of the homes in Terang were owner-occupied compared with 72.6% in 2016.

Terang has 1,352 properties. Over the last 5 years, Houses in Terang have seen a 96.53% increase in median value, while Units have seen a 56.96% increase. As at 31 October 2024:

  • The median value for Houses in Terang is $368,459 while the median value for Units is $369,238.
  • Houses have a median rent of $395 while Units have a median rent of $240.
There are currently 9 properties listed for sale, and 3 properties listed for rent in Terang on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Terang.

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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.