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Cnr KINGS ROAD FEDERATION WAY
Rutherglen VIC 3685
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Sold on 19 Sep 2021

Cnr KINGS ROAD FEDERATION WAY Rutherglen VIC 3685

  • Rural / Farming
  • 43.09 ha
  • Sold, $800,000

106 ACRE LIFESTYLE BLOCK WITH SHED & POWER

    THE ONLY ONE IN CAPTIVITY. CALL TODAY!

    42.8 hectare, or 106 acres
    Meets requirements for a building permit.
    7 kms west of Rutherglen township, 6 kms Lake Moodemere, 7 kms Murray River.
    Soils are highly sought and productive red loams.
    Ave annual rain fall recorded as circa 625 mm.
    Electricity transformer in place and power connected.
    Sealed main road frontage and corner position.
    Colorbond steel farm building with concrete floor measuring 18 by 12 metres
    Reliable stock water dam on the holding.
    Property is subdivided into two paddocks with stock proof fencing.
    Currently running 315 Merino ewes with Dorset rams.
    Benefiting from applications of three hundred tonnes of pig manure.
    Gypsum applied twice at the rate of two and a half tonnes per hectare.
    Lime has also been applied - Soil PH 6+
    Currently sown down to pasture and has also been cropped with canola and oats.
    Inspection highly recommended.

    Editorial piece by John Kennedy

    The vendor of the 42.8 hectare, or 106 acre, farm block conveniently located on the corner of Federation Way and Kings Road Norong, or only seven kms west of Rutherglen township, has a simple reason for offering the property for sale.
    Having completed multiple improvements, especially in pasture development, and with four generations of farming history in his family, he is ready to scale up to a much larger farming holding.
    The conveniently located property has been listed for Sale through Elders Real Estate in Wangaratta.
    It is anticipated it will have significant appeal as it is well positioned where the major farm holdings are much larger in size.
    It is expected buyer interest will come from throughout the local district as this would be a readily accessible great out block, or an ideal addition to an established farm holding.
    "It also has lifestyle appeal, as with a transformer in place and power connected and many attractive building sites its location within easy reach of the Rutherglen and Corowa townships and with Wangaratta only thirty four kilometres to the south by a major regional road, it is in a great location as a living destination.
    "With its sealed main road frontage and corner position with its second frontage to the dirt on Kings Road there will be an as of right ability to obtain a home building permit."
    The property is currently subdivided into two paddocks with stock proof fencing and includes the general purpose Colorbond steel farm building measuring 18 by 12 metres with three roller door access points.
    This building is accessed by a formed gravel road and will suit many uses for fodder and machinery storage and general uses.
    With a concrete floor, power connected and even a wood heater installed, it provides a great general purpose building,
    There is also a reliable stock water dam on the holding plus a set of temporary stock yards which could sell with the property.
    The vendor is currently running 315 Merino ewes on the property with Dorset rams for first cross lamb production.
    Pasture improvement works he has completed over the past eight years included the applications of three hundred ton of pig manure he sourced locally, plus he has applied gypsum twice at the rate of two and a half ton per hectare.
    Lime has also been applied and these applications the vendor says have significantly improved the soil structure and its overall productivity.
    The property has been sown down to pasture and has also in recent times been cropped with canola and oats.
    Elders Real Estate selling agents say that farm and lifestyle holdings in the Rutherglen district are being keenly sought and generally achieve land sale values of over $7,000 an acre.
    With so many features to recommend this property, from its continued grazing or cropping flexibility, to a highly desirable lifestyle holding of scale and with great potential and scope to build a family home, I'd expect this property to sell at the top of local district averages.

    For more property information on the 42.8 hectare holding on the corner of Federation Way (the main district road linking Wangaratta to Rutherglen and Corowa) and Kings Road at Norong or seven kilometres west of the strong Rutherglen township contact selling agent Michael Everard on 0408 653 161 or Dave Colvin on 0407 500 239 at Elders Real Estate in Wangaratta .

    Property Highlights

    Date Sold19 Sep 2021
    Sold Price$800,000
    Floor AreaAsk Agent
    Land Area43.09 ha
    ParkingAsk Agent
    Virtual TourView Tour
    Property ID2016821016
    Category
    Last updated  20 Sep 2021
    Map for Cnr KINGS ROAD FEDERATION WAY Rutherglen VIC 3685

    Property Highlights

    Date Sold19 Sep 2021
    Sold Price$800,000
    Floor AreaAsk Agent
    Land Area43.09 ha
    ParkingAsk Agent
    Virtual TourView Tour
    Property ID2016821016
    Category
    Last updated  20 Sep 2021

    Co-Agents

    Michael Everard
    Michael Everard
    Elders Real Estate Wangaratta
    Call
    0408 653 161
    Dave Colvin
    Dave Colvin
    Elders Real Estate Wangaratta
    Call
    0407 500 239

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