As training partnership of Brian Johnston and Fran Houlahan retires their acclaimed Cora Lynn horse and cattle property is for sale.
A recent health issue has caused the racing and training partnership of Brian Johnston and Fran Houlahan to decide to retire from active involvement in the racing industry after winning many of Australia’s premier hurdling, steeplechasing and handicap events over many seasons.
In consequence Brian and Fran have appointed agent Ray Cullen of the Ruralco Property office at Pakenham to sell by private treaty their home property known as 250 Murray Road Cora Lynn that has been their training headquarters for some time.
With a listing price of $1,890,000 the property is expected to find a buyer from within the racing industry, from other equestrian interests, as well as farm investors, as a significant brick home and a range of infrastructure is in place.
The land area is 26 hectares, or 64.5 acres and it is held in two titles.
In addition to thoroughbred preparation and training the property has also been used as a base for Brian Johnston’s growing Westernport Waygu Beef operation with the Murray Road property run in conjunction with other leased or managed properties for cattle production in the local area.
But first it is the horse preparation and training potential of the 250 Murray Road property that stands out.
Brian says the gates of Racing.com Park of the Pakenham Club at Tynong North are only eight minutes away.
“We can also be at the Cranbourne Training Centre in30 minutes or add another ten minutes and we are at Mornington.”
Brian a former builder designed the property to be established as a fully serviced thoroughbred training facility.
There is a large steel barn building measuring 30 metres by 25 metres with an 8 metre internal clearance with three phase power and water connected and built on a concrete slab.
Internally there are already six boxes measuring six by four metres but the original plan was to develop this building internally with thirty boxes.
With its high internal clearance there is scope to add a mezzanine level for office, staff or similar support services.
Brian also constructed two training or exercise tracks on the property – one a 1000 metre straight sprint track the other a 2000 circular gallop for the stayers.
He adds both are fenced but some work is needed to form up an appropriate natural grass surface.
In addition, there is a three bay large machinery shed and other sundry farm buildings with dual entrances off Murray Road.
The internal subdivision sees numerous horse or cattle paddocks with electric fencing that are serviced by a central access laneway.
A set of steel cattle yards, crush and loading ramp together with truck access and generous areas of hard stand were also designed to suit the cattle and horse enterprises being conducted on the property.
The brick home on the property will not disappoint buyers as it offers four bedrooms and a newly refurbished chef’s kitchen that makes it highly liveable as well.
Brian Johnston describes the location as a horse or rural heaven in addition to its proximity to major training centres and racecourses.
“There are many long working and riding trails around the roads of the immediate area which we found were ideal for giving our horses a break from the training regimen, to build strength and fitness, or just for relaxation.
Ruralco Property selling agent Ray Cullen says that the 250 Murray Road property is founded on well drained and highly productive peat loam soils and the property is fully drained with agricultural pipe drains throughout.
Irrigation is also available as the property has a large lake-like dam of 30 megalitres in capacity with a 150 cm pipeline extending the length of the property with hydrants every 40 metres.
There is also a fully equipped stock and domestic bore of unlimited capacity that feeds the livestock watering system in each paddock.
In addition, there is a fully equipped 30-metre-deep irrigation bore with an electric motor and pump that holds a 78 megalitre diversion licence that can also supply the underground main.
“This is a property that has been well planned and set up where the new owner will have little to do to add to the facilities.
“The vendors Brian Johnston and Fran Houlahan have decided to downsize and relocate to their beach house on the Mornington Peninsula.
“Brian after his recent health advice just wants to do more fishing, so their 250 Murray Road Cora Lynn property is genuinely offered to the market.
“He is also prepared to negotiate with the new owner to provide enough cattle perhaps to carry forty to forty-five head of Waygu to enable an interest to continue in producing the highly marbled, high value beef which is keenly sought by the market”.
Further property particulars on the Brian Johnson – Fran Houlahan property for sale at 250 Murray Road Cora Lynn can be obtained from Ruralco Property selling agent Ray Cullen on 0429 977 313 or his office on 035941 5396.