Kameruka Estate back on market in Bega Valley
The Kameruka Estate in the NSW Bega Valley is being re-offered for sale following a breakdown in sale negotiations over the past few months.
The estate was established in the 1850’s by Robert Tooth was was credited as Australia's oldest and grandest dairy estate when sold about 12 years ago after four generations in the same family.
It last traded at around $7 million in 2007 when bought by Giles W. Pritchard-Gordon Pty Ltd.
Like the great English agricultural estates on which it is based, Kameruka has a picturesque cricket ground and team.
In its heyday the vast estate was worked by a small army of tennant farmers and produced the famous Kameruka cheese.
Chris Meares from Meares & Associates said the estate was for back for sale as a whole - 1,357.32 hectares – 3,353.9 acres or in three lots.
Farm | Area in hectares (hecatres) | Area in acres (acres) | Subdivision approvals |
Home Farm (including Haldon Hill) | 568.62 hectares | 1,405 acres | |
Riverview | 289.7 hevtares | 716 acres | 15 |
Buckhurst (including Madeline) | 499 hectares | 1,233 acres | 17 |
Kameruka has an Angus breeding herd of 480 cows and 2,750 Merino wethers depastured for wool production.
“The sale should gross $9 million to $9.5 million," he said with Kameruka homestead expected to sell in a range of $5.5 million to $5.75 million, Buckhurst $2 million to 2.5 million and Riverview $1.5 million to $1.75 million.
Tenders close 21 May.
It was offered for sale last October through Chris Meares who had negotiated the 2007 sale when it was bought by the British shipping magnate Giles Pritchard-Gordon and his wife, Lou, from Frank Foster, a descendent of brewery baron Robert Tooth.
Pritchard-Gordon, whose interests spanned farms and horse-breeding in Britain, the US and Australia, died in 2011 with the farm run from England by his widow and her four daughters.
Kameruka is an aboriginal word meaning “wait until I return".