One of the world’s best thoroughbred horse-breeding venues, owned by resources multimillionaire Paul Fudge and his wife Angela, has hit the market for a neat $A35 million.
The 97-hectare Bong Bong Farm is a consolidation of five Moss Vale properties amassed over 13 years – there are two fully renovated residences on-site amidst manicured Paul Bangay-designed gardens and three staff houses.
It is also prized Southern Highlands thoroughbred stud, which includes extensive infrastructure for up to 100 horses, four large-scale barns, a turf and sand training track, and a parade ring.
Created with influences from Kentucky in the United States, Europe and Japan after two years of visits to some of the best complexes on the globe, the stud also includes a hyperbaric chamber, equine spa, six-horse water walker, training treadmills, two indoor arenas, mounting yards, pool and a lunging yard.
“Angela and I are very proud with what we have created but it is now time for us to hand the reins over to a new party to commence the next chapter at Bong Bong Farm,” Mr Fudge said in a statement.
The property has been focusing on a streamlined operation sophisticated infrastructure to meet the needs of quality bloodstock.
The 97-hectare Bong Bong Farm is home to Waratah Thoroughbreds.
A bout of ill-health persuaded Mr Fudge to list the property
, located 1.5 hours south of Sydney, with an expressions of interest campaign to run until June 2.
“It is difficult to comprehend the enormity and scale of investment until you have physically visited the property,” said Bong Bong Farm’s listing agent Jamie Inglis, of Inglis Rural.
“The Ladd-Hudson designed stables, Paul Bangay gardens and overall attention to detail, high-level of finish and spectacular scale make it one of the best complexes in Australia with every possible investment in technology, buildings, accommodation, civil works and amenity.”
Worth an estimated $684 million
, Paul Fudge made his fortune after the fabric trader became the low-key founder of Pangaea Resources, which sold a coal seam gas tenement in Queensland for $660 million in 2009.
He has since been selling down his other investments, including an 82 per cent stake in Pangaea for $55 million to Empire Energy and a harbourfront apartment in the Pier at Walsh Bay for $4.79 million last July.