A MOLKA farm aggregation named “Balmullin” could sell for over $15 million.
The property, which Elders Real Estate and CBRE Agribusiness are selling in conjunction, is available as a whole or in three separate lots, expected to average in the vicinity of $4,000–$4,500 per acre or $10,000–$11,000 per hectare.
The three separate lots that comprise the Balmullin aggregation are Balmullin (868.82ha), Berridale (350.88ha) and Boxwood Park (330.88ha).
The farm is owned by the Ball family, who are selling the lots in order restructure their business.
“We have made a decision to restructure the business with an increased focus on our Wagyu beef enterprise, increasing our breeding numbers to satisfy the insatiable appetite of our established market connections,” managing director of Ball Agriculture Ian Ball said.
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“Undercover sheep handling facilities have been constructed, quality fencing and wide laneway system introduced, and extensive pasture renovation has taken place over the last decade.”
According to CBRE Agribusiness, Balmullin has always focussed on prime lamb production with approximately 6500 first cross and composite ewes producing lambing averages over 125 per cent annually.
The property has a 3000 head containment area, over 110 hectares of flood irrigation via two turkey nest dams with 205 megalitres of storage capacity, and new fencing across the entire aggregation.
“The property enjoys 525mm average annual rainfall with additional winter runoff harvesting capacity into two turkey nest dams enabling flood irrigation onto lucerne and summer pastures,” CBRE Agribusiness director Shane McIntyre said.
