Castle Creek set to change hands for the first time in over three decades

A 3,597.50 acre lamb and cropping enterprise in central Victoria, two hours out of Melbourne’s CBD, has been listed for sale by the Gross family after over three decades of ownership.

Castle Creek, located in Molka near Euroa, comprises well-developed grazing and dryland cropping, ideally suited to winter row crop and prime lamb production. It is expected to sell for in excess of $6,500 per acre. 

CBRE Agribusiness’s Shane McIntyre and Matt Childs are managing the sale via a two-stage Expression of Interest campaign, with stage 1 closing July 5, 2023. 

Investors will have the ability to purchase the aggregation either as a whole or in four separate lots. The enterprise is being offered for sale on a walk-in, walk out basis, inclusive of the current plant, equipment and sheep flock, or can be purchased on a bare land basis.

“Developed and held in the same ownership for almost 40 years, the level of investment, improvement,

management and maintenance are unrivalled in this region,” Mr McIntyre said. 

“Castle Creek benefits from direct road frontage along Curries Road, ensuring access to surrounding townships and the dual Hume Freeway, which connects Melbourne and Sydney. This strategic positioning provides connectivity and convenience for residents and agribusiness operators.”

Mr Childs added, “The Gross family has focused on soil fertility to build production rather than adding acres to the enterprise. The technology embraced has created performance data that significantly enhances decision-making around soil fertility, land use, wool quality and volumes, and grain production.” 

“Everything about Castle Creek has been thoughtfully created with no expense spared, meaning the new owner will inherit the benefits of wise investment over many years.”