Historic Terinallum, Western Districts farm offering

Terinallum, originally settled by the Clyde Company in 1846 in Victoria’s Western District, is up for sale.

It has been listed by stockbroker John McIntosh and wife Marita after 27 years ownership through Colliers International agent Shane McIntyre and Tim Altschwager. There's unconfirmed suggestions it could fetch $30 million plus.

Terinallum is a 3,240 hectare property near Darlington, productive with fat lambs, wool production, beef and cropping. There's also been diary adjistment.

With lawns down to Mount Emu Creek, the bluestone homestead is surrounded by three ha Open Garden Scheme acclaimed grounds with dry stone walls, an 80m wisteria walk, a reflection pool, tennis court, croquet lawn and hothouse. 

There's guest cottages and the 1850s bluestone woolshed with 12 stands. 

Terinallum was once the property of Aspro heir Lindsay Nicholas and his wife, Hephzibah Menuhin, a virtuoso pianist and sister of the great violinist Yehudi Menuhin. Offers close November 30.

“Terinallum is a rare jewel in the state of Victoria,” McIntyre said.

“Seldom do rural properties of such high calibre come to the market.

“Not only is this one of Victoria’s most significant historical properties, it also offers productive versatility of fat lambs, wool production, beef and cropping in an area highly regarded for its reliable seasons.”

Terinallum, originally settled by the Clyde Company in 1846, is well located with 24km of frontage to Mount Emu Creek. 

Reliably watered by natural springs, the property has been astutely developed with centre pivot irrigation enabling Lucerne and fodder production supporting 17,000 sheep (including lambs), 550ha of winter crop and up to 500 dairy agistment cattle per year.

It is fenced into 60 paddocks, with a central laneway system, and formed roads throughout the property, 

Soils comprise a combination of sought after dark alluvial loams and well drained volcanic basalt plains, with the cropping land typically supported by 600mm rainfall zones.

“Over the past 12 months, this region has seen a sharp upswing in arable land values on the back of renewed corporate interest in the district, tight supply of listings and a ‘flight to quality’ from institutional investors as well as favourable key agricultural indicators,” Mr McIntyre said.

“Record low interest rates, a favourable exchange rate, an unprecedented number of Free Trade Agreements with our global trading partners, record beef prices, surging lamb values, and an improving wool market have combined to create a platform of strong domestic and international interest in primary production rarely seen before.