Melbourne

One of Victoria's largest cattle stations hits the market

Cobungra Station – one of Victoria’s largest and most prestigious high-country beef breeding enterprises – is being offered for sale for only the third time in 100 years.

28 Feb 2018

Cobungra Station – one of Victoria’s largest and most prestigious high-country beef breeding enterprises – is being offered for sale for only the third time in 100 years. 

Located at the foothills of Mt Hotham, in Victoria’s East Gippsland region, Cobungra Station comprises 31,000ha of freehold and leasehold grazing land, renowned for having produced some of the country’s highest quality beef since the 1900s. 

The expansive holding is currently operated as a beef breeding enterprise, comprising pedigree Wagyu herds, pure Hereford, and pure Angus and Hereford Angus cross cattle.  

CBRE Agribusiness and Elders have been appointed to market for sale the freehold and leasehold grazing land via an Expression of Interest campaign. 

CBRE’s Shane McIntyre said the property offered an opportunity to acquire a historically significant beef breeding enterprise. 

“Cobungra Station has arguably and possibly the best full blood Wagyu genetics in Australia. Over 500 genetically superior cows, consistently produce progeny of marbling scores of 9+ for Australia’s finest restaurants and the insatiable world market,” Mr McIntyre said.

Elders’ Nick Myer commented: “For many decades, the cattle from Cobungra Station have been highly sought after for their quality and weight gaining ability.” 

“Rarely does a property of the calibre of Cobungra Station come to the market, that combines a commercial beef herd, a world-class full blood Wagyu stud, luxury 
living, and a pristine landscape of snowcapped peaks, and trout filled streams - all adjacent to a fully commercial airstrip,” Mr Myer said.

Since purchasing Cobungra Station approximately 17 years ago, the owner has expended considerable capital on first class infrastructure, strategic water catchments, fencing and laneways, and 500 cow, undercover, state-of the-art cattle yard complex pasture improvements. The property also includes a stunning 1,200 sqm five bedroom, five bathroom alpine style homestead surrounded by gardens designed by renowned landscape designer Paul Bangay. 

With the ability to carry in excess of 4,000 cows plus replacements, the owner introduced full blood Wagyu breed alongside the mainly pure-bred Angus and its crossbreed herd 17 years ago.

Cobungra Station, located at 1929 Great Alpine Road, is offered for sale by Expression of Interest closing Wednesday, April 11, 2018 at 4.00pm (AEST).
 
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.