15 MAY 2023

A turnkey institutional grade Western District Aggregation presents to market with an expectation in excess of $65 million

Elders Rural Services is delighted to have been appointed by Down Ampney Corporation to manage the sale of the historic Mondilibi Aggregation, ideally located 12km north of Mortlake in the renowned Western District of Victoria.

Consisting of 3,230 hectares (7,983 acres) the aggregation is regarded as one of the region’s most productive investment scale assets underpinned by an excellent natural resource base and ideally positioned to key livestock and grain export pathways.

Key features of the aggregation include its unique scale, excellent accommodation including the ‘Mondilibi’ and ‘Manooka’ homesteads, four staff residences, quality working improvements including modern sheep and cattle handling facilities, main 5-stand woolshed, extensive machinery, hay, sundry shedding and workshops, in addition to more than 1,000 tonnes of grain storage.

The properties have been strategically managed and developed over their period of ownership with significant investment into pasture improvement, extensive annual fertiliser applications, redesigned paddock layouts for greater pasture utilisation and water development.

The aggregation enjoys a diverse revenue stream via a 17,400 head composite ewe flock*, in addition to the production of 830 breeders*.

A further considerable revenue stream is due to be realised via the proposed Mt Fyans windfarm project. 

Elders State Real Estate Manager Vic/Riv Nick Myer said “Down Ampney Corporation and their extended management team are to be duly complimented for their vision and strategic ongoing investment into their genetics programs, new infrastructure projects, soil amelioration and pasture development, paddock layouts and laneway systems, water development and well positioned purpose-built infrastructure all designed to support a high-performing livestock production enterprise.”

Elders Real Estate Manager Camperdown Rob Rickard said “The aggregation provides sufficient scale to be a stand-alone investment or would also provide a valuable addition to a large agricultural portfolio offering geographic diversity due to it high and reliable rainfall.”

Mr Myer said “We are anticipating a strong level of interest from a range of buyer profiles including local farming families to domestic and international corporate and institutional investors.”

The Monbilibi Aggregation is being offered for sale via a two-stage Expressions of Interest process with the first stage closing 5 July 2023 at 4pm (AEST)

The aggregation is available on a walk in walk out basis and is being offered for sale either as a whole or as two separate contingent assets being Mondilibi and Manooka.

All enquiries should be directed to Nick Myer on 0427 610 278 or Rob Rickard on 0407 354 025.

* Approximate.