Strathvean sold in the Eastern Riverina

Strathvean, in the Eastern Riverina just outside Tarcutta, has been sold prior to online auction by Sydney rural property specialists Meares & Associates.

There had been a price indication of $3.8 million to $4 million.

The purchasers are a farming family from the Murrumbidgee Irrigation Area who intend on moving away from irrigation into livestock production.

This highly intensive and diversified holding comprises 888.3 hectares (2,195 acres) of predominantly productive arable flats and undulating valley floors, with some timbered ridge lines, making it ideally suited to both breeding and fattening of sheep and cattle.

Strathvean was owned and operated by the Gaskin family for over 25 years and they are now looking to enjoy retirement.

Strathvean had previously carried 400 cows on a self-replacing herd basis, growing out their progeny to 400-480kg liveweight selling direct to Rangers Valley Feedlot. The success of the beef enterprise has over the years been underpinned by the piggery, which todays boasts a capacity of 3,000 grower pigs at any one time.

A feature of the property is the four to six bedroom homestead, originally built in the 1870s, and with extensions completed in 1996-1997. 

Chris Meares said Strathvean received 12 serious enquirers looking to inspect. 

"With the capacity to run 7,000 to 8,000 DSEs, combined with the piggery operation providing the ability to generate serious income from day one proved to be the catalyst for the high number of enquiries and its eventual sale”, Meares concluded.