Barwon Heights farm sells for $10 million plus

Barwon Heights farm sells for $10 million plus
Barwon Heights farm sells for $10 million plus

The lofty Barwon Heights has been sold for $10 million plus by the Guye family who have owned the farm since 1963.

The property just outside Winchelsea had been added over the years to its recent 410ha offering of prime grazing and cropping land.

The 65 Atkins Road property had been listed with $9 million plus hopes through Elders agent Ken Drysdale.

Rod Guye and wife Rosalie were dairy farmers milking up to 300 cows until they gave it away six years ago as well as growing crops and fodder for the dairy herd.

The property is 25 minutes to Geelong and an hour and 20 minutes to Melbourne, making it an ideal investment as a farming property and for its future subdivision potential.

"On a good clear night, you can even see the lights of Melbourne and Ballarat," Rod Guye told The Weekly Times when it was listed.

Some 60 contracts were issued, Fairfax Media noted.

The sale comes when rural values across Victoria have shown strong official price growth, according to the latest report from the valuer-general of Victoria.

The valuer-general's A Guide to Property Values report showed that over 2016, Victorian farm prices rose by 7.4 per cent compared with a 5.8 per cent rise in the median Melbourne house price and a 1.4 per cent rise in Melbourne units.

It has been noted some of the increase can be attributed to the record prices paid for farms on Melbourne's urban fringe by property developers and land bankers for future conversion to residential housing lots

Recent rural sales in the greater Geelong area include a 12.1-hectare amalgamation of six adjoining farms in Ocean Grove which sold for $11.1 million in May.

The residentially zoned site was marketed to home builders by Hocking Stuart.

 

Tags: 
Rural Sale Barwon Heights

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