The Oamaru based Borst Holdings put its four irrigated farms on the market because of a change in personal circumstances.
Bayleys Real Estate agent Kurt Snook said an offering of this size and quality was not often available.
“The farms are beautifully kept and beautiful tidy.”
Combined, the farms covered 992ha and the 3380 cows produced 1,418,000kg of milksolids a year returning about $8.5 million.
Three of the farms were in the Kakanui Valley, 15km southwest of Oamaru with the fourth a 30-minute drive away near Otekaieke in the Waitaki Valley.
May said the portfolio had been strategically built up over many years by the Borst family.
All the farms were well maintained and serviced by quality infrastructure such as housing, calf-rearing sheds and shelters, lock-up barns, effluent pump sheds, cattle yards and stock races.
Water for irrigation was sourced from springs or consented takes from the Kakanui River and its tributaries or the Otekaieke River.
The three Kakanui Valley properties had supply contracts to Fonterra and were in immediate proximity to each other.
They were the 321ha Pleasant Creek, Kauroo Flats Farm that covered 225ha and Incholme Farm that covered 197ha.
Kinloch Farm near Otekaieke had a supply contract with Oceania Dairy. It was a 247ha property split into 32 paddocks consented to milk 700 cows in a one-year-old 54-bail rotary shed. That farm has three dwellings.
Pleasant Creek was split in to 42 paddocks milking 980 cows and had five dwellings while Kauroo Flats was 225ha and also split in to 32 paddocks milking 980 cows in an automated 70-bail rotary shed. It has three dwellings.
Incholme Farm covers 197ha split in to 29 paddocks milking 720 cows in a 46-aside herringbone shed. It had three dwellings.
About 80% of the cows could be wintered onfarm.
Snook said the portfolio could be bought as one, a combination of farms or as individual properties.
The three adjacent Kakanui Valley farms could be bought together and provided an opportunity for staff and asset management efficiencies.
He said there had been inquiry from large parties interested in buying it as one portfolio and from others interested in the individual parts.
The deadline for offers was December 15.
