Held by the same family for over 70 years, traditionally "The Reedy" was dairy farm country until the early 1980s, but now produces part of one of Western Victoria's premier commercial Angus herds, noted for its sale results year in, year out.

Apart from its productive capacity with arguably some of the best long season flats in the district, "The Reedy" is an outstanding land banking opportunity just 4km from Port Fairy's main street.

A standout feature is the soil type, which promotes year-round grazing and fattening. Gently undulating red loam volcanic rises (20 per cent) run onto well-drained peat evergreen flats (50 per cent) with the balance being black loam country.

There is a comfortable three-bedroom Hardiplank home, substantial cattle yards and 30x14-metre hay/machinery shed.

The property will sell as a whole or in two lots - "The Reedy" proper, with frontage to Hamilton-Port Fairy Road (327 acres/132.3ha) and Blackwood Road, comprising 93 acres/37.6ha.