Mutli-purpose Moama accommodation venue Perricoota Station is for sale and the subject of an eight-week expression of interest campaign.IVY WISE March 26, 2014 4:20am
The heritage-listed Perricoota Station is up for sale.
Owner Mark Evans, who bought the Moama property in September 2010 and spent millions renovating it, said it was time to sell.
‘‘Perricoota has been my 100 per cent focus for the last three-and-a-half years and I have other properties in Melbourne and Queensland I’m committed to,’’ the developer said.
‘‘I also have a family to think about and I don’t have a life at the moment.
‘‘I want to travel and not have to work so hard.’’
He has not put a price on the 121-hectare property, which has been listed with Elders Real Estate under an eight-week expression of interest campaign.
‘‘I don’t know how much it will go for. It’s worth what a buyer wants to pay for it,’’ he said.
Mr Evans said he was not sad about selling, despite the fact he had spent two years transforming the property into a multi-purpose accommodation venue catering for weddings and functions.
‘‘Perricoota was always always a lifelong dream and challenge. It was never about the money and having reached that point, I need to take the next step,’’ he said.
‘‘I smile every time I look at it and I know Perricoota will go on and grow and become a huge part of the community.
‘‘As for weddings and functions, we’ve only hit the tip of the iceberg.’’
Mr Evans said there were no conditions of sale and the new owner had the opportunity to grow the business.
‘‘Our future bookings are enormous. We have one to two weddings a week,’’ he said.
‘‘I expect interest to come from the eastern seaboard, either from a hotel, resort or wedding group.
‘‘Or it could be from a person with a lot of money or super and wants it for nostalgic reasons.’’
Elders Real Estate agent Wayne Eeles said he expected a lot of interest in the property.
‘‘I’d expect it to be worth double what he paid for it,’’ he said.
The property has more than 12 buildings, including a 151-year-old homestead, cob and stables, packing shed, weatherboard house and art-deco house.
Perricoota Station was first settled in 1843 by James Maiden who in 1846 established a punt to operate between Moama and Echuca.
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