Having spent all their lives farming the Carnegie Brothers have decided to retire appointing Rodwells Ruralco Property to sell by auction their long held ‘Kumbada’ farm holding close to the Drouin-Warragul growth area.
Their Kumbada property of 228.5 hectares, or 564.6 acres, is one of the largest farm holdings in the bountiful district and is located just to the north of the Princes Highway-Jindivick Road junction.
Its location is within a 10 to 20 kilometre radius of the strongly growing Warragul and Drouin residential communities and within about 100kms from the City.
Originally purchased by their 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.
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.
Selling agent Damien Minogue of the Rodwells Ruralco Property Branch at Leongatha is the selling agent.
He notes that the property has an attractive elevated and rolling landform including long distance views from its higher points to the south and east.
“The property has some timbered areas but is generally well pastured with an eleven paddock subdivision.
“The fencing is in fair to good condition and is supported by steel cattle handling facilities.
“The improvements comprise the original three-bedroom homestead, plus a manager’s cottage plus another old cottage in need of renovation.
“There is 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”.
Mr Minogue adds that the Carnegie brothers are now of advanced ages and have recently been running just light stock numbers.
“The Kumbada holding, one of the largest freehold farm properties in the district, is held in four titles and comes to the market after seventy-two years of ownership.
“It will be something of a signature auction as no comparable scale property has been offered in this area, nor will one probably be seen again.
“The sale is to enable Peter and John Carnegie to retire and with its location, fundamental strengths and undoubted development potential I am anticipating it will be keenly sought.
“There are really no comparative values on which to base a pre-auction estimate or valuation but I’d be surprised if Kumbada does not attract a buyer in the region of $4 million” Mr Minogue says.
The auction sale will be held at the Jindivick Town Hall on Friday 8 December at 11 am.
Further information on Kumbada at 395-397 West Jindivick Road Jindivick can be obtained from selling agents Rodwells Ruralco Property Leongatha Branch or their agents Damien Minogue on 0427 507 369 or Michael Everard on 0408 653 161.