Situated in the beautiful Buffalo River Valley, surrounded by rolling hills and mountain peaks, this expansive property is located only 10 minutes from the thriving town of Myrtleford.
Currently running beef cattle, the property consists of river flats, with approximately 1km Buffalo River frontage, open hill grazing rising to steep bush.
Central to the property, a large gravel pit had been operated by a family-owned business since the late 80's, recently producing large volumes of landscape materials and road bases at a commercial scale. The asset has a current work authority WA407 for the extraction of river gravels with options to expand.
Commercial scale quarries represent a significant opportunity for Government or civil works enterprises to secure quality properties for future growth.
Recently, the vendors have undertaken site investigations into potential areas to establish a new hard rock quarry on a site to the property's southern boundary, with access points to main haulage routes.
Exploration drilling proved the existence of hard rock resources available to possibly develop a quarry, that could produce product adequate for uses by government and private operators, subject to further investigation.
Key Information:
• 124.95 Ha - 309 ac freehold plus Road lease ( 4.17 ha approx)
• Three titles - Possible building entitlement ( STCA)
• Fully approved extraction gravel pit
• Work Authority WA407 exists for the extraction of river gravels
• Expansion plans possible
• 75 Megalitres irrigation entitlement
• Zoned farming
• WIWO optional equipment
• Some older farm shedding, three phase power connected
• Existing stocks included for ready to earn cashflow
• land bank for future generations.
Limited opportunities exist to buy into this market with approvals and permits.
55 Merri Meadows Lane is strategically located 9 km to Myrtleford, 52km from Wangaratta and 75 Km from Albury/Wodonga, and with excellent proximity to major markets via the great Alpine Road and Hume Freeway providing accessibility to Melbourne and Sydney.
A full Information memorandum and vendor statement is available, detailing this incredible opportunity to own over 300 acres in the stunning Myrtleford area, for farming or lifestyle on the Buffalo River and with the opportunity to grow an existing gravel pit enterprise with expansion possibilities.
For all enquiries, please contact
Billy Jones 0438 454 950 Nutrien Harcourts Albury Rural
Peter Ruaro 0447 600 825 Rodwells Wodonga
Property ID: #L31569378
