Rural Funds Management Limited (RFM), as responsible entity and manager for the Rural Funds Group (RFF), has contracted to acquire ‘Cobungra’, a 6,486 hectare (ha) cattle property located in Victoria.
Stone Axe Pastoral Company, a Wagyu producer that leases two other properties from RFF, has entered a ten-year lease with a rent review in year five. The lease rate is consistent with existing RFF cattle property leases.
The property has the potential for productivity enhancements with development capital expenditure attracting additional rent.
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