Jindivick's Kumbada farm sells before auction

Jindivick's Kumbada farm sells before auction
Jindivick's Kumbada farm sells before auction

The long-held Kumbada farm at Jindivick has been sold by the Carnegie brothers after 72 years before its scheduled auction on December 8.

The sale price was not disclosed but is believed to be around $4 million.

The property spans 228.5 hectares and is one of the largest farm holdings in the district. It is located just to the north of the Princes Highway-Jindivick Road junction and close to the Drouin-Warragul area.

The selling agent was Rodwells Ruralco Property’s Damien Minogue.

A local beef cattle farmer is the new owner and has plans for a 300 cow-and-calf operation.

Originally purchased by the Carnegie brothers’ parents as a small dairy operation the acquisition of neighbouring holdings over the years created the sequence of long ownership and now presents the property in four titles.

“The Carnegie family dairy-farmed for many years but more recently Peter and John Carnegie converted it to livestock grazing with recent light stocking,” said Minogue.

“Over the years the Carnegie brothers have topped the Korumburra and more recently Leongatha markets many times with bullocks and vealers with their top quality grass-fed animals”.

The property has an eleven paddock subdivision.

“The improvements comprise the original three-bedroom homestead, plus a manager’s cottage plus another old cottage in need of renovation,” he said.

There are a number of support buildings including machinery sheds, an old dairy and the property has sealed road access.

“Good stock water resources are another feature with a creek frontage and a number of spring fed dams while this property is in a 900 mm annual average rainfall area”.

“I always considered it would be something of a signature sale as no comparable scale property has been offered in this area, nor will one probably be seen again and it is great to see it purchased by a local farming interest.

Tags: 
Farm Sale Rural Auction

Comments

Be the first one to comment on this article
What would you like to say about this project?