Prime Kiewa Valley farming block sold for $1.425 million
A prime farming block of 80 hectares on the Kiewa Valley Highway, 15 minutes east of Wodonga, sold at weekend auction, for $1,425,000.
Located at 1726 Kiewa Valley Highway, Ruralco Property’s Wodonga office sold the property known as Berkeley Moor.
Ending 41 years of family ownership, the purchaser is a local district businessman.
The vendors Peter and Leonie Adams home farm at Staghorn Flat was listed as part of their plan to downsize.
The Berkeley Moor property is a mix of rich river flats with a direct exposure of some 600 metres to the Kiewa River.
The portion of river flats retain a mix of good pasture, vegetation and majestic red gums while the balance of the property is the higher ground where there are numerous potential home building sites.
Located in the Indigo Shire there is an as of right entitlement to obtain a building permit for a home on the property.
The holding is essentially rectangular with about 400 metres frontage to the Kiewa Valley Highway.
Peter Adams says he normally runs fifty cows and calves on the property where the pastures receive a regular annual superphosphate application.
“There is good fencing, a set of cattle yards and a large steel framed hay shed on Berkeley Moor together with an old original dairy building.
“The Hume Weir is only ten minutes away with 88kms to Falls Creek” he noted.
Ruralco Property selling agent Peter Ruaro said it was a tightly held local area so he was anticipating offers would exceed $1.2 million.
