Chinese buy Chatsworth Park, Nagambie
A consortium of Chinese millionaires has bought the Victorian rural property, Chatsworth Park from the Bayles family.
It was on the market for more than two years.
The Nagambie property is reported by the Australian Financial Review to have fetched more than $10 million.
Amanda Elliott nee Bayles – John Elliott’s second ex-wife – was one of four beneficiaries to inherit the 946-hectare northern Victoria holding from her late father, former VRC vice chairman Ian Bayles.
Pat Race & Hawkins agent Peter Hawkins represented the family for the sale of 297 Mitchellstown Road, Tabilk.
Chatsworth Park has always had a thoroughbred history with James Redfern in 1890, a known horse enthusiast, owning the property with 1891 Melbourne Cup Winner, Malvalio buried there.
The 1893 Melbourne Cup winner, Tarcoola was also bred on this historic property.
Chatsworth Park was then owned by L.K.S. Mackinnon, a known racing owner and administrator who had the time honored LKS Mackinnon Stakes being named after him, one of Australasia's famous Group One events.
In 1933, grazier and wool industry leader, Douglas Boyd purchased Chatsworth Park and built the homestead in 1936 with the assistance of the eminent Melbourne architect Robert Hamilton in the Tudor revival style.
Ian Bayles DFC, the honoured World War II pilot bought the property in 1948.