Covering the Goulburn and Murray valleys

Keen interest expected in Maranoa

One of the earliest settled properties in the Nagambie area is up for sale.

April 2, 2014 4:32am

"Maranoa" near Nagambie is for sale.

One of the earliest settled properties in the Nagambie area is up for sale.

Strong international and local interest is expected for the unique rural property Maranoa which is about 3km west of the town, fronting the Nagambie-Heathcote Rd.

Maranoa is one of the premier rural properties in the area and is in the centre of thoroughbred and winemaking country. It holds a absolute frontage of about 2.8km to the Goulburn River waterways.

The home itself overlooks a magnificent lagoon which runs the length of the property.

Vendor Bob Chalmers said his family had initially enjoyed living on a smaller hobby farm elsewhere in Strathbogie Shire.

‘‘When we had the opportunity to move to a larger local property three factors were judged as critical,’’ he said.

‘‘These were water with a Goulburn River frontage, productive undulating farm land and a commuting time to Melbourne and Tullamarine airport of not more than 90minutes and 60minutes respectively. I don’t think there is any doubt that Maranoa exactly meets these criteria and so we will be very reluctant to leave.

‘‘Unsolicited interest from Hong Kong-based equine interests coincided with our recent new professional responsibilities in Melbourne and this together with our son now starting Year 12 at his Melbourne-based school caused us also to contemplate a new and different semi-rural challenge.’’

Little is known about the early history of Maranoa except that it is apparently considered the earliest settled local property and was originally much larger in scale.

‘‘I think it is readily conceded that the earliest district settlers claimed the most attractive and most productive belts of country and I assume this is reflected in the original settlement of this property,’’ Mr Chalmers said.

Agents Pat Rice and Hawkins will be submitting Maranoa for sale with offers closing at their offices in Melbourne on May 23 at 2pm.

Pat Rice and Hawkins selling agent and director Peter Hawkins said properties in the Nagambie area and especially the main riverfront holdings were rarely traded.

‘‘Multi-generational ownership is common and this property with its location is within easy reach of the iconic local vineyards, including Tahbilk and Mitchelton,’’ he said.

‘‘This is highly productive rural land with scale and the significant bonus of a long direct frontage to the Goulburn River waterways. From an equine point of view it represents a blank canvas.

‘‘I am anticipating the offers to purchase under the Expressions of Interest sale process will be from $3.75million with interest from the local business and equine sectors as well as international buyers seeking to create or expand their participation in the Australian thoroughbred farm sector.’’

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