Tarramia attracts more than $10m

April 25, 2018

‘Tarramia’ boasts 4km of Lake Mulwala frontage.

The McPherson family’s renowned Tarramia Estate, boasting 4km of Lake Mulwala frontage, has sold for more than $10 million.

The 1994-hectare grazing and cropping property with its 150-year-old homestead and rich history was the final disposal in the estate of the late Marion Page, the daughter of the famed banker and pastoralist Sir Clive McPherson and Lady Sidney Orme.
Put up for sale last month for the first time in 60 years by the executors of Ms Page’s estate, it was acquired by Andrew Bourchier and his wife Anne-Maree, who are farmers based between Oaklands and Urana.
Tarramia was sold by Xavier Leslie and Robert Tait from Yarrawonga Elders Real Estate along with Nick Myer. Matt Childs of Pat Rice and Hawkins was co-agent.
Xavier Leslie said there was a lot of interest in the property both locally and further afield with 13 confirmed bids exceeding agents’ pre-sale expectations with two charities to be the beneficiaries of the sale.
“This was a unique and prestigious property that is rarely on the market,” Xavier Leslie said.
“With four kilometres of Lake Mulwala frontage and just under 5,000 acres on the fringe of town it was certainly unique,” he said.
Tarramia was offered for freehold sale inclusive of the building improvements and water rights as a broadacre farming opportunity as a whole of 1,994 hectares or 4,997 acres (which included land to the south which extends into Lake Mulwala).
Much of the infrastructure on the property, including the homestead and adjoining cottage, has been renewed in recent years, after being in the direct path of a tornado in 2013.
It is understood the Bourchiers will use Tarramia, which has four kilometres of Lake Mulwala frontage, to expand their farming operations.
Mr Bourchier’s late father Harry was reportedly one of the largest private landowners in Victoria, running a mixed-farming operation including cropping and beef.
Ms Page, who played a key role in running Tarramia after her mother’s death in 1945, died in August 2015 at the age of 97.
Sir Clive, who died in 1958, is one of Victoria’s most revered agricultural and business figures.
A stock and station agent and then a Yarrawonga auctioneer in the early 1900s, he later joined auction house McPherson, Thom, Kettle & Co as managing partner.
The business prospered and Sir Clive began to acquire property in the 1920s including the family’s rural homestead, Boomanoomana Station and Tarramia.
He was later managing director of pastoral house Younghusband Limited, chairman of the Australian Wheat Board and a director of both the National and Commonwealth banks. He was knighted in 1941.
The offering of Tarramia followed the 2016 sale of the family’s three-property Botanica holding in South Yarra, which sold for $33 million to the founder of retail surfwear chain Surf Dive ‘n’ Ski, Fadil Sadikay.
Also in 2016, the family’s extensive collection of art, silver, furniture, books and memorabilia were sold at auction.

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