This rural investment opportunity involves the purchase of “Mitta Vale” at Eskdale in the Mitta Mitta Valley that can be managed directly by the owner/occupier or owned absentee and leased out on a five (5) year lease agreement. Either option allows for a substantial return on capital.

This opportunity is directed to those that are serious about the dairy industry and to those that are seeking a strong return on capital involved with the added security of the ownership of high quality rural land. To either party this is a sound and secure investment.

The dairy industry has a proven profile as a solid investment particularly if the enterprise has quality land and is situated in a high rainfall area with added security of assured irrigation water entitlements. “Mitta Vale” offers both well balanced quality land and enviable secure water entitlements.

History has proven over the years the steady increment in value that associates with all well managed dairy enterprises and although dairy returns can be quite volatile at times, it is interesting to note that returns have increased overall by 30% over the last ten years. Associated land values have increased accordingly. “Mitta Vale”, because of the high rainfall and secure water entitlements, has been able to operate on a low fodder input basis, thereby reducing some of the high costs sometimes associated with other dairies in other areas.

There is no doubt that the dairy industry is the most secure of all the mainstream rural industries. “Mitta Vale” supplies an opportunity of investment when analysed would seem ideal for family investment, corporate investment or self funded superannuation investment or simply investment with lifestyle in the beautiful Mitta Mitta Valley on the banks of the Mitta Mitta River with all the attractions of this high country tourist area.

PROPERTY DETAILS

AREA
634 Acres – 256.7 Hectares

PROPERTY LOCATION
Omeo Highway frontage. 4.5kms east of the township of Eskdale, 16kms from the township
of Mitta Mitta and 30kms to tourist resort Dartmouth Dam. Only 86kms to regional cities
Albury and Wodonga (100,000 population). A traditional and proven dairying district.

COUNTRY
A well balanced combination of Mitta Mitta River flats (120 hectares – 300 acres), further 80 hectares (200 acres) high quality pasture country currently used for hay/silage production and grazing plus approximately 56 hectares (130 acres) well cared for hill grazing country, run off dry cattle grazing. (It is worthy to note that “Mitta Vale” is one of the very few dairies that produces all necessary hay and silage requirements and is able to run all replacement stock on home property).

DAIRY
“Mitta Vale” has a long history of supporting a 280-300 cow herd. It is generally accepted that this herd could be increased to 350 herd if so desired.

IRRIGATION
“Mitta Vale” irrigation areas, 60 hectares in total, comprise some four (4) different areas. Each area is some 15 hectares in size and comprises three (3) areas of well maintained lateral sprays and one area of flood irrigation. The whole system is supported by 480 megalitres of high security river water plus option to purchase a further 200 megalitres. All pumps, motors, lines, laterals and general equipment are in excellent condition. All irrigation overflow water is recycled.

WORKING IMPROVEMENTS – DAIRY
Well maintained 18A/S HB Dairy. Two (2) vats. Total capacity 7,500 Litres. Manual feed system. 350 cow yard.

WORKING IMPROVEMENTS – FARM
- Huge hay shed adjoining dairy area.
- Fully enclosed calf rearing facility. Steel pens, easy feed areas, workshop area, power.
- Disused concrete pig facility with feed pad.
- Steel cattle yards
- Open sided machinery/hay shed plus usual smaller farm buildings.

WATER
Homes, dairy, troughing, gardens and shedding are all supplied by stock and domestic bores and ancillary water supplies. All systems can be supplemented from river pumps if necessary.

PASTURES
All pastures are of established grass varieties suitable for dairy production. Good history of fertiliser and inputs on dairy country. Some native and perennial pasture on run off country. Good history superphosphate.

FENCING
All dairy fencing in well maintained condition with some forty-five (45) paddocks. All boundary fencing very good to excellent.

ACCOMMODATION
Three (3) substantial residences:
1. Main Home - Brick home with tiled roof, 1950’s in absolute “mint” condition. Three (3) bedrooms, large living areas, modern kitchen, spacious verandah. Excellent home in very attractive gardens. Carport, garage, workshop area.
2. Period Home (Circa 1914) - A quality built period home with all the basic features and floor plan of the era. High ceilings, passage way. Three (3) original bedrooms. A solid home in need of refurbishment. In spacious garden area with mature trees. Attractive setting.
3. Well maintained three (3) bedroom home, weatherboard/panel construction. Ideal farm
assistance, extra family, visitor accommodation.

TITLES & LOCATION
“Mitta Vale” has double frontage to Omeo Highway, the main access route to Albury-Wodonga, Omeo, Benambra, Bairnsdale and Lake Entrance. Work has already commenced on sealing this main road from Mitta Mitta to Benambra. At the completion of this upgrade the areas at the top of the Mitta Mitta Valley will become even more popular. “Mitta Vale” also has a 2km frontage to the Mitta Mitta River below Dartmouth Dam which is extremely popular for recreational pursuits. “Mitta Vale” has currently some twenty (20) separate title areas that allow for considerable subdivision and will prove invaluable in the future as the area increases in popularity.

“Mitta Vale” is offered for private sale including land, dairy plant and infrastructure, irrigation equipment and infrastructure, three well maintained homes and all water entitlements plus working improvements. A compete unit fully operational dairy enterprise.

Further information:
- Complete Dairy Herd – Highly regarded Jersey and Jersey Cross herd comprising approximate 300 milking cows plus further 100 replacements are available to purchaser of the property if required.
- Generous vendor terms to purchaser f the property on usual vendor term conditions.
- Outside agencies or licensed persons are invited into a commission share arrangement on introducing the successful buyer to the property, 50-50 basis.