OFF MARKET

192 Baillieu Road
Torrumbarry VIC 3562

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 40310000m2
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Property Details for 192 Baillieu Rd, Torrumbarry

Building Type
Rural
Land Size
40310000m2
Local Government
Campaspe
Lot/Plan
1/TP79686

Last Listing description (September 2024)

LAWD is pleased to present for sale Torrumbarry Farms Aggregation (the Aggregation), an institutional scale irrigated mixed farming and greenfield horticultural development opportunity, underpinned by significant water entitlements.

KEY INVESTMENT HIGHLIGHTS

- Extensively developed to centre pivot, lateral and flood irrigation (1,820ha*), dryland cropping (1,641ha*), grazing and support land (570ha*).

- Cropping production in 2023 achieved outstanding yields for dryland wheat (4t/ha*), irrigated wheat (7.2t/ha*), dryland barley (4.6t/ha*), irrigated barley (5.5t/ha*), dryland canola (2.1t/ha*) and irrigated canola (3.0t/ha*).
- A significant volume of secure water, including 1,939ML* of High Reliability Murray Zone 7 and Goulburn 1A and 174ML* of Low Reliability Murray Zone 7 water entitlements, as well as capacity to store surplus water following high rainfall/river flow events, supported by 1,350ML* of combined on-farm water storage.
- Presently utilised for the production of crops (wheat, barley, canola, silage and fodder crops) to support a dairy heifer raising platform.
- Future growth opportunities include potential for development to horticulture and high value cropping pursuits (permanent crops, viticulture and annual cropping).
- Benefitted by fertile soil types, an excellent climate, reliable annual rainfall (average annual rainfall of 427mm*) and natural drainage.
- High quality structural improvements include machinery shedding, hay shedding, grain storage (780t* combined capacity), new undercover Atlex cattle yards, fertiliser storage, sundry rural shedding and substantial residential infrastructure (nine dwellings), including lifestyle properties with Murray River frontage.
- Multiple access points along the Murray Valley Highway as well as internal road systems, provide ease of access throughout for heavy vehicles and machinery.
- Located adjacent to the Murray River and Gunbower Creek in the Loddon Mallee region of northern Victoria, close to Echuca (16km*), Shepparton (83km*) and Melbourne (193km*).
- Close to receival sites at Moama (22km*), Mitiamo (30km*), Elmore (43km*) and Deniliquin (62km*).

FOR SALE BY EXPRESSION OF INTEREST

*approximately

Property History for 192 Baillieu Rd, Torrumbarry, VIC 3562

A timeline of how this property has performed in the market
Last Sold
$17,250,000
09 Sep 2019
  • 17 May 2024
    Listed for Sale EOI
  • 03 Jul 2023
    Listed for Sale EOI
  • 17 Oct 2019
    Listed for Sale by Expression of Interest
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About Torrumbarry 3562

The size of Torrumbarry is approximately 142.3 square kilometres. It has 3 parks covering nearly 4.1% of total area. The population of Torrumbarry in 2011 was 283 people. By 2016 the population was 273 showing a population decline of 3.5% in the area during that time. The predominant age group in Torrumbarry is 50-59 years. Households in Torrumbarry are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Torrumbarry work in a managers occupation. In 2011, 79.6% of the homes in Torrumbarry were owner-occupied compared with 73.9% in 2016..

Torrumbarry has 176 properties. Over the last 5 years, Houses in Torrumbarry have seen a 6.49% increase in median value, while Units have seen a 72.13% increase. As at 30 November 2024:

  • The median value for Houses in Torrumbarry is $759,233 while the median value for Units is $481,635.
There are currently 1 property listed for sale, and no properties listed for rent in Torrumbarry on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Torrumbarry.

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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.