The Rodwells Ruralco Property office in Wangaratta is offering for private sale two local north-east district farm holdings that offer real potential for the new incoming owner.
The first known as Sandstock is at Springhurst and its principal frontage is to Federation Way with its location about fifteen minutes north of Wangaratta itself.
With an area of 245 hectares, or 606 acres, the property is for sale at $2 million to enable the vendors to scale up to an even larger farming opportunity.
But under their last ten years of ownership a major investment has been made in enhancing the productivity to give pastures that support a first cross sheep and lamb business, together with opportunity feeding and trading in both cattle or sheep.
The property is also currently running 300 head of cattle on agistment.
Vendor Peter Sandrall runs 1000 to 1200 breeding ewes mated to a terminal sire for fat lamb production.
The property has excellent water resources with two licensed bores, one windmill equipped, the other with a submersible pump, that provide water of drinking quality and used for household, garden and stock purposes.
Significant farm infrastructure is included including three sealed modern grain silos, a three-stand shearing shed, machinery and hay sheds and a lock-up workshop.
The large four-bedroom brick family home with three separate living areas has also undergone a complete makeover and refresh in recent years and has a large undercover entertaining area with a salt-water swimming pool, even a pizza oven.
Importantly the property has multiple road frontages and is held as and fenced to four titles.
Three of the titles each of 40 hectares, or 100 acres, have an as of right entitlement to obtain home building permits from the Wangaratta Shire so an investor will be mindful of the potential for further value creation if a decision in future is taken to wind down farming activities and retain just the separately titled block on which the home and all the farming infrastructure is situated.
The second listing is at 35 Whorouly Road Whorouly where the property of 58 hectares or 143 acres of prime grazing land is for private sale at $1,050,000.
The property has a direct frontage of about 500 metres to the Ovens River and is being sold with a 109 megalitre high and low security water entitlement.
Equipped with a 50-horsepower electric pump there is also an in-ground sprinkler irrigation system.
With its rich pastures the vendor Tony Fota who is selling to retire after some sixty years of ownership is currently running sixty cows and calves.
Housing facilities include a comfortable four-bedroom homestead that could be easily updated plus a two-bedroom workers cottage with additional facilities including a large shed with power, good cattle yards and fencing.
With a bitumen road for access the location is only half a kilometre off the Snow Road with good local district services readily accessible.
Dave Colvin Rodwells Ruralco Property sales agent in Wangaratta says both properties could be considered the pick of opportunities of their local districts.
“They are ready for private sale as each vendor has defined forward plans and they are ready to deal.
“By any measure both properties have comfortable family homes, little immediate need for ingoing capital investment, good access to prominent district centres and the scope to undertake a diversity of agribusiness or livestock ventures, particularly given their water resources”.
For more information: Rodwells Ruralco Property in Wangaratta on 03 5721 2047 and their agent Dave Colvin on 0407 500 239.