Spectacular South Australia coastal sheep station sold for $20m
Adelaide Now says that one of South Australia’s most spectacular coastal properties has been sold in a multimillion-dollar land deal that could pave the way for an “eco-tourism” village on the Fleurieu Peninsula, with the 3046ha Balquhidder Station having been bought by an Australian syndicate for about $20 million.
It is understood the family-owned sheep and cattle station was bought by interstate investors, with its future unclear but zoning allows for small-scale tourism development.
Abutting Deep Creek Conservation Park and 25 minutes from Victor Harbor, the property has two secluded beaches, 9km of coastline, four creeks and Kangaroo Island views and at its highest point, the undulating landholding rises 235m above sea level with uninterrupted views of Backstairs Passage.
The McGregor family, who have owned the property for 50 years, would not comment on the sale, but the family advertised the property on a company website as an “exclusive retreat” that is “ideally suitable for 5-star eco-tourism” and has potential for a “championship golf course”.
The property, named after the Scottish village where folk hero and outlaw Rob Roy died, has more than 15,000 sheep and 83 cattle. It has 76 separate titles, most of 30ha to 50ha, with the largest 81ha and the smallest 9.3ha – all with road frontages. It is believed the property has been sold as a whole.
Selling agent Peter Taylor, of Elders, said there were more than 300 inquiries into the property with 15 serious expressions of interest lodged, adding, “The final price was very satisfactory; we said around $20 million and it was in that area – the owners were very pleased and that’s the main thing,” he said.
Settlement is expected to be in August.
Yankalilla Council senior planner Matt Robertson said any major development plan would be assessed on its merits.
Report by The Mole and Adelaide Now
John Alwyn-Jones
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