499 Kerrs Road, Milawa, Vic 3678

Location and Overview:
'Deloraine', situated in the picturesque Ovens Valley near Milawa, presents an exceptional opportunity for investors in the dairy farming sector. This historic property has been in continuous stewardship since 1951, the Allan family for over four generations, spanning approximately one hundred and fifty years has farmed in the local district. Strategically positioned at Kerrs Road, just a short distance from the charming township of Milawa, the farm spans 135 hectares (334 acres) of prime floodplain land along the Ovens River valley. The property is comprised of three contiguous freehold titles, boasting extensive road frontages for convenient access.

Production Capacity and Water Rights:
Renowned for its significant productivity, 'Deloraine' has the capacity to milk up to 290 dairy cows, with current operations involving 190 cows. The farm serves as a trusted supplier to leading dairy processor Fonterra, benefiting from its strategic location amidst a hub of dairy farming activity. Notably, the property boasts extensive water rights, including a 286 megalitre extraction license sourced from on-site excavated plots. Complementing this are groundwater licenses, as well as high and low priority irrigation rights totaling 98 and 48 megalitres respectively from Teagarden Creek. Furthermore, the property benefits from a unique double exposure to Tea Gardens Creek, facilitating additional water resources and occasional beneficial flooding without compromising pasture integrity or farm operations.

Residential and Infrastructure Features:
'Deloraine' encompasses two residential dwellings, offering both modern comfort and historical charm. The principal residence, a contemporary three-bedroom brick veneer home constructed in 2016, is impeccably maintained and nestled within picturesque gardens. Additionally, the property features the original timber farmstead, which has been thoughtfully expanded over the years to ensure comfortable accommodation for the farm's personnel. A fully operational dairy building equipped with a twenty-a-side swing-over dairy system and essential equipment underscores the farm's commitment to efficiency and productivity. Furthermore, the property boasts two substantial steel-framed hay sheds capable of storing 500 large bales of hay and silage, alongside essential infrastructure such as yards and paddock fencing.

Development Potential and Future Prospects:
The sale of 'Deloraine' coincides with a resurgence in profitability within the dairy industry, coupled with emerging corporate interest in dairy enterprises. Positioned on prime river flat country with multiple titles and extensive water resources, the property offers significant development potential and diversified enterprise opportunities. With four local road accesses and a long-term track record of viability, 'Deloraine' presents an enticing investment opportunity for discerning rural land and farm business buyers. Elders Real Estate, represented by agent Michael Everard, stands ready to facilitate further inquiries and property inspections, providing comprehensive information and guidance to interested parties.

The vendor statement and information memorandum are available for interested parties.

For more information on 'Deloraine' at Milawa, or to arrange a viewing, please contact Elders Real Estate in Wangaratta and speak with agent Michael Everard at 0408 653 161 or Dave Colvin on 0407 500 239