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Volume 34, Wednesday 13 September 2023

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1909

VOL. 115

NO. 34

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WEDNESDAY SEPTEMBER 13, 2023

Ready to rock

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PRICE $1.50 INC GST

Expansion recommended

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Show on stable ground

• Scottsdale Show Society President Alice Hall with Secretary Emma Larkin are excited about an upcoming upgrade. T READ THE FULL STORY ON PAGE 3.

Controversial Musselroe property proving popular BY RACHEL WILLIAMS A MUSSELROE Bay property subject to an Australian Federal Police seizure has received significant interest from potential buyers. Expressions of Interest for 1251 Musselroe Road closed on Tuesday with Knight Frank agents Rob Dixon and Mark Ranicar inundated. “We are approaching 50 inquiries on the property which is very strong and we have had a very strong level of inspection out of that,” Mr Dixon said.

The large-scale property comprises 1,400 Ha including 900 Ha of arable land which has been leased previously for the running of breeding cattle. It also includes a gravel airstrip. The property has a water right of 295 megalitres with 351 megalitres of storage from the Musselroe catchment, with stock water from water holes. A planning application involving the site was submitted to Dorset Council in 2013 for the development of an 18-hole golf course and a resort with 40 villas, 200 units and

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100 rooms – at the time the development was reportedly valued at $185m. The property was seized by Australian Federal Police in 2019 with two Chinese nationals suspected of laundering proceeds of crime in Australia. Mr Mark Ranicar said the two titles being sold had been cleansed of any issues and the vendor was Melbourne-based DCF Property. A third title, the Icena Homestead, is not being sold as part of this process. The property had been marketed for both agriculture and agritourism potential.

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“The future of agricutue in the NorthEast is very bright, it’s a very popular area,” Mr Ranicar said. Mr Dixon added: “The majority of parties are looking at this property from the agricultural perspective to return it to productive agriculture rather than agritourism with the Development Application that’s in place on the property.” Select parties who have expressed an EOI would be invited to continue discussions with the vendor in the coming weeks, he said.

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