Cover image courtesy of Inglis
Based amongst the serene setting of the Hunter Valley, Invermien Stud is now officially off the market, after being purchased by the Altomonte Family.
One of Scone’s most outstanding holdings has sold following a successful expression of interest campaign.
The Altomonte Family owns Corumbene Stud, Dunedoo, one of the longstanding and most successful thoroughbred studs in New South Wales.
Invermien Stud's homestead | Image courtesy of Inglis
Chief Executive Officer of Inglis Rural Property, Sam Triggs, said: “The sale campaign was a good litmus test for the rural property market in the Scone district, it offered outstanding irrigation flats and well-drained low slopes, ideal for horses, along with significant irrigation entitlements and an impressive Federation homestead and associated outbuildings.
“Demand for high-quality studs in the Hunter Valley is reflective of the general thoroughbred market with quality being the key. We are seeing this trend across the broader rural property market with well positioned, high quality assets, attracting strong interest.”
“Demand for high-quality studs in the Hunter Valley is reflective of the general thoroughbred market with quality being the key.” - Sam Triggs
Having been listed for public sale in mid-September, it was the first time the commanding property had been on the market in over a decade, with the last recorded transaction taking place in October 2012.
Invermien is located on the edge of Scone township and commands approximately 381 hectares (943 acres) of fertile country with extensive working infrastructure and improvements, reliable irrigation and a rich history, right next to the historic Bhima Stud owned by Mike and Kate Fleming.
Invermien Stud | Image courtesy of Inglis
It is within close proximity to Australia’s major studs and only 287 kilometres from Sydney, via the Hunter Expressway.
The property ranges from highly productive heavy black river flats, ideal for intensive hay or fodder production to gently undulating fertile red clay rises ideal for equine and cattle production.
Water and irrigation infrastructure is one of the significant highlights of the property, with 5.5 kilometres of frontage to the Kingdon Ponds, Pastons and Middle Brook Creek plus an 803mm water license.
Spacious facilities and ideal conditions for raising livestock are complemented by marvellous architecture, including an iconic six-bedroom colonial style homestead and courthouse built circa 1825. During this era, Invermien was the location of the first settled cottage of the region along with the original courthouse and jail/coach house of Scone.
Invermien’s three-bedroom manager’s cottage | Image courtesy of Inglis
Improvements also include an original three-bedroom manager’s cottage, two bedroom cottage, two stables, hayshed, machinery shed, workshop, storage shed and steel cattle yards.
Operated as a mixed farming and equine operation, ‘Invermien’ has been continually developed and maintained to exceptional standards by the current owners Duncan and Jill Macintyre allowing it to enjoy a diverse income stream.
The purchase is a significant one for the Altomonte family, who already boast the impressive Corumbene stud in their portfolio. Corumbene, which was established in 1980, currently offers Group 2-winner Standout at the Dunedoo property.
