COBRAM -KATAMATITE’S PINEDALE – 125 HECTARES (APPROX. 500 ACRES), HIGH VALUE SOILS, IRRIGATED LUCERNE PASTURES OR HORTICULTURAL POTENTIAL & LARGE WATER ENTITLEMENT
A significant farm holding Pinedale situated with a main frontage to the Benalla- Tocumwal Road and about eight kilometres south of the Cobram township towards Katamatite is currently on the market for sale.
Zoned Rural and held in three titles the farm is for sale for only the second time in its history.
One boundary is the No.2 irrigation distribution main channel giving easy and reliable water access.
The Rodwells Ruralco Property office in Cobram and their agent Douglas Wright are offering Pinedale for Sale by Expressions of Interest closing on Wednesday 21 March at 2 pm.
Indications are that with the prime Cobram sandy loam soils, combined with the extensive water rights, this property will be highly sought and will provide farm enterprise flexibility and high productivity for the purchaser.
While currently producing significant quantities of Lucerne there is undoubtedly extensive opportunity for horticultural development.
The Pinedale property has a large sand hill of some 51 hectares (or 128 acres) held as a separate title.
Ninety acres is under a near new poly lined centre-pivot and growing Lucerne.
The centre pivot sources its water supply from both the major channel and a spear point system.
The home block of about 117 hectares (or 290 plus acres) has been lasered and irrigated by a pipe and riser system following a major redevelopment in 2013.
The third title south of the channel comprising 30 hectares (or 76 acres) is a productive support block growing cereals.
The water resources include four spear point well pumping licences, two of 272 and 300 megalitres that are working and 72 and 100 megalitres are currently inactive licences.
Located on the property are two weatherboard farmhouses plus ample shedding that includes a 470 tonne hay storage and machinery and workshop areas.
Doug Wright Rodwells Ruralco Property ‘s Cobram based selling agent says that Pinedale is a high value local holding that-offers significant productivity and enterprise flexibility.
“First there is a good location about midway between good service towns of Cobram and Katamatite with a main bitumen road frontage.
“The water resources add significant flexibility for a range of enterprise options.
“The new opportunities that are emerging in horticulture with the sandhill and sandy loam soil types available here gives Pinedale significant new development value.
“I am anticipating strong interest in this property as the vendor has done significant work since his original purchase in 2001 to value add and demonstrate its productivity.
“My expectation is for offers from $5,000 per acre” Douglas Wright says.
Further property information and agency contact is: Rodwells Ruralco Property Cobram on 03 5871 1999 or the selling agent Douglas Wright on 0419 301 406.