Cheviot Hills, a grazing property near Penshurst in Victoria's Western District has been listed for sale for the first time in 164 years.
The 1951-hectare land holding which has been owned by the Hutton family since 1852 could fetch a reported $10 million plus.
The property includes a renovated four-bedroom bluestone homestead.
The mixed-grazing enterprise runs both Hereford cattle and Corriedale sheep.