TWO major landholdings in the Barossa region will be broken up and sold in smaller parcels after an offer was accepted on some of the land.
Karinya Station and Red Creek, two historic sheep properties near Keyneton with more than 150 years history, were first put to market via expressions of interest in September.
Negotiations have since occurred on about half the total landholding.
Red Creek in its entirety comprised 2549 hectares and Karinya Station 2047 hectares.
Colliers International selling agent Jesse Manuel said the uniqueness and scale of the properties had attracted a diverse pool of buyers.
"The properties feature two very distinct land types," he said.
"We deliberately encouraged interest in the properties as a whole or in parts, which allowed buyers to bid with confidence on the parcels of land that suited them best".
"We have reached offer and acceptance on the majority of the eastern rangeland country.
"This means we are now offering the higher rainfall parts of the properties which are located closer to the Barossa, and include all the buildings and infrastructure."
The parcels still for sale comprise comprise the remaining 947hs of Karinye Station, including the homestead, a second residence, shearing shed and outbuildings, and well as the remaining 1275ha of Red Creek, along with sheep and cattle yards.
They are offered for sale individually by private treaty.
Red Creek, (established by Joseph Keynes in 1842), and Karinya Station (established in 1919 by Col. E.T. Dean) showcase the spectacular landscape of the district. From gently undulating gum-studded, arable land, to open grazing hills with steeper slopes, the rugged eastern escarpments are dissected by timbered, seasonal watercourses and scenic gorges reminiscent of the southern Flinders Ranges.
Adjacent to the Henschke winery, Red Creek, established by Joseph Keynes in 1842, has been owned and operated by the Keynes family for five generations and is renowned for producing high quality Merino wool, excellent crossbred lambs and Angus beef cattle.
"This is a rare opportunity to purchase improved land of significant scale in the eastern Barossa Ranges," Mr Manuel said.
"The two parcels feature an excellent balance of native grasses and improved pastures; multiple catchment dams; natural springs; and mains water for additional water security.
The centrepiece of Karinya Station, established in 1919 by Col ET Dean, is the elegant 100-year-old homestead, featuring extensively renovated internal and external living areas, established lawns and a swimming pool.
Colliers International director Tim Altschwager said the smaller parcels would likely bring renewed interest from lifestyle buyers or city-based investors "attracted by the prospect of an imposing country estate" in a location near Adelaide and the Barossa Valley.
"The properties are benefiting from the excellent rainfall the region has experienced in recent months and are in excellent heart at present with a very good body of feed", he said.
- Details: To find out more about the properties, contact Jesse Manuel 0421 550 242, Tim Altschwager 0408 814 699 or Nick Dean 0411 267 136.
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