Real Estate

a fertile farm in northeast victoria has hit the market and could one day make more than 200000

Written by The ReReport

A 16.19ha farm with truffles, cider apple trees and a river brimming with trout has hit the market.

A TRUFFLE, trout and cider apple farm has hit the market in northeast Victoria and could one day reap an income of more than $200,000 a year.
The 16.19ha property has been transformed into a fertile farm in what was once the retirement dream of the vendor.
But due to health reasons the seller must move to a warmer climate and pass the property on.

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The fertile farm at 91 Christies Rd, Thornton is a two-hour drive from Melbourne’s CBD.

Glenrothes Estate at 91 Christies Rd, Thornton, 130km from Melbourne’s CBD, features a truffle plantation with 910 trees, a cider apple orchard with 240 trees and 1.2km of Rubicon River frontage that is brimming with trout.
RT Edgar Yarra Valley director Andrew Houghton said the owner’s ambition was to create a property capable of producing a retirement income, and now someone had the opportunity to take advantage of his hard work.
“The idea he had was to get an income going on the property so when he retired he had an income and something to do,” Mr Houghton said.
“He has had to sell the farm and buy something up north where it is warmer for health reasons.”

The property features a large truffle plantation and cider apple orchard.

The truffles could one day produce an income of $240,000 per harvest.

Mr Houghton said, once developed, the truffles had the potential to produce close to $240,000 in income per harvest.
“It is a bit of a gamble as far as truffles go because a plantation can produce nothing or be a huge success and be a bit like striking gold,” he said.
“It’s such a valuable crop.
“The truffles take quite some time to develop, the owner got the first lot last year and the harvest will build in size over the next few years.”

The first batch of truffles was planted in 2010 with 460 oak trees inoculated with black winter truffle. Earlier this year a further 450 trees were planted, inoculated with a mix of black winter and white truffles.
The property was purchased in 2007 for $665,000, according to CoreLogic, and has since had more than $200,000 spent on the infrastructure and plantations.
The fruitful farm now has a $850,000-$900,000 price guide.

Fishermen have already showed a lot of interest in the property.

Mr Houghton said he had received numerous calls from fly fishermen who showed a big interest in the property’s river frontage that has brown and rainbow trout in it.
“On most rivers you have a chain of public land running along the river but on this property you have riparian rights which means you own the river bank,” he said.
“So it doesn’t get overfished.”
There is no house on the property but plans are in place for a home the vendor was going to one day build.

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