High price expected

September 20, 2017

East Mound Ada, west of Benalla, will go under the hammer on October 6

A 609ha property owned by the late Michael Burston, a noted cattle man and Order of Australia recipient, is expected to fetch upwards of $4.75million when it goes under the hammer on October 6.

The property, dubbed East Mount Ada, is held over 22 titles and located just 10 minutes out of Benalla.

With frontage onto the Midland Hwy and Chesney Rd, the property was designed so that snow-capped mountains could be seen from the property’s four-bedroom homestead.

With enclosed stables, cattle yards and a four-stand woolshed, the property has the infrastructure to cover a number of different pursuits.

The water resources are also significant, with an annual use limit of 242Ml included in the sale, with the licence allowing 12Ml/day to be pumped from Goulburn-Murray Water Zone 2 of the Broken system.

East Mount Ada has about 255ha that can be irrigated, with about one third of this area laser-levelled for check bank flood irrigation during the 1980s.

‘‘By any measure this is a significant farm holding and the auction presents the opportunity for a farming family, investor or corporate to become involved to secure a premier north-east district holding,’’ Ruralco Property Victorian manager Michael Everard said.

â– The auction will be held at the Benalla Art Gallery on Friday, October 6 at 11am.

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