Phillip Island farm could sell for the first time in 150 years

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A HUGE farm in Phillip Island that has belonged to only one household for practically 150 years has hit the marketplace for the very first time.

The 85 ha farm at 1950 Phillip Island Rd in Cowes has been owned by the Forrest household since 1869 and farmed by 4 generations, with a whopping value information of $5.four million — $5.9 million.

Peter Forrest and his spouse Marilyn have farmed sheep on the property since taking it over from his father. Nonetheless, Mr Forrest’s great-grandfather was the unique proprietor of the parcel of land which has been handed down.

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Mrs Forrest mentioned they had been unhappy to promote the property, however had retired and had been able to downsize.

“We’ve been agisting for a lot of years and we portioned off 5 acres for our son, however now we’re prepared to maneuver,” she mentioned.

The inexperienced paddocks and household sized-home is simply 5km away from the primary city in Cowes. The three-bedroom residence perched on the property’s most elevated place boasts unbelievable views out to French Island and the Bass Hills.

The Forrest household has given again to the Phillip Island group whereas residing on the farm. Mr Forrest’s grandfather David donated a part of their massive land holding to the Koala Conservation Centre in 1956 to assist conservation efforts.

The property has been utilized by the household to farm cattle, dairy and sheep for the reason that late 1800s. It has additionally produced chicory for espresso and a kiln nonetheless stays on the land.

Mrs Forrest mentioned the house out there may very well be utilized in a lot of thrilling and worthwhile methods.

“We’ve lovely, undulating paddocks which might make for an incredible golf course,” she mentioned.

“I can even see it changing into a resort due to the unbelievable views.”

Apart from the plush open house, the charming house affords a effectively fit-out kitchen and decking which look out throughout the seemingly infinite paddocks.

The property has a value information of $5.four million — $5.9 million, however the Forrest household is not going to be transferring too removed from the fields which sowed their household historical past.

“It’s a shocking property which may be very onerous to go away,” she mentioned.

“We’ve plenty of household nonetheless within the space and might be staying on the island.”

The property is being offered privately by the Eview group.

SUBURB PROFILE: Cowes

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Supply hyperlink – https://www.information.com.au/finance/real-estate/melbourne-vic/phillip-island-farm-could-sell-for-the-first-time-in-150-years/news-story/d017db87775bc73a5c9024d7b4b79852

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