Real Estate

Historic property sets new sales record for Clare

Written by The ReReport
As seen in the Source link, written by on 2018-12-12 02:03:24

A172 year-old Clare Valley property has set a new price record for South Australia’s popular wine and agricultural district, selling under the hammer for an eye-watering $11.65 million.

Held in the same family since 1846, Calcannia attracted 71 inquiries from local, interstate and overseas buyers, resulting in 12 registered bidders on auction day.

It was an unprecedented result, according to selling agent Geoff Schell of Ray White Clare Valley and Rural SA, who says the auction exceeded all expectations.


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“We received extraordinary inquiries from every state in Australia and New Zealand,” he said.

“So the sale certainly put the Clare Valley in front of so many people across Australia and abroad.

“On auction day there were 12 registered bidders, with very strong bidding right to the end, to reach an outstanding result of $11.65 million.

“There were also a number of registered bidders hoping the property may be sold in lots but the winning bid saw Calcannia stay as one unit.”

Located 7km north of Clare, adjacent the Horrocks Highway, Mr Schell said the property’s main appeal where it’s impressive 905.24ha landholding.

“The property’s greatest features are its reliability – even in tough years – flexible enterprise mix in cropping, hay, sheep and cattle,” he said.

“It also has outstanding fencing and stock water system, as well as the beautiful and iconic homestead, a second manager’s home and a large machinery/grain storage shed.”

Mr Schell said Calcannia had been held by the Hawker family since early settlement of South Australia in the early 1840s, and was originally part of the historic Bungaree Station.