Case Study: 70, 83&85 Lower Somerville Rd, Baxter
Triple opportunity: Quality market garden enterprise
Fantastic properties sold well above agents highest range
Originally offered individually or together via an Expression of Interest (EOI), these three prime Baxter properties have now been successfully sold together. The outstanding result reflects the strong market demand and investor confidence in this sought-after location.
SOLD
$6,868,000
Sale
14/12/2024
Number of enquiries: 11
This campaign was a real pleasure to undertake and took plenty of effort in relation to the water rights and nuances in relation to the three properties on offer together. The marketing was well received and captured both local buyers looking to expand their operation, hobby farmers looking to set up a home and professional growers from around Victoria. The Expression of Interest was well contested and resulted in an outstanding result for vendors.
Property Info
These top-quality commercial market garden farms are all fully irrigated with sprinklers, and 70 Lower Somerville Road is also drained with a dam. Both properties offered a large land area of 7.67ha (18.96 acres approximately) 70 Lower Somerville Road and 21.26ha (52.77 acres approximately) 83 & 85 Lower Somerville Road .
Additional features across the properties also included:
- Full irrigation with sprinklers and drained
- A dam
- Featured two bores with pumps
- Approximately 144m² machinery shed
- Approximately 150m² packing shed with adjoining cool room, 92m² approximately
- Approximately 49m² bin shed with amenities, lunchroom and office
- Storage shed and former residence
