Sold for $1,915,200

79 Oliver Road, St James

Land Area 228 acres

TWO CROPPING BLOCKS OFFERED SEPARATELY

AUCTION - Friday 15th November 2024
11am at St James Public Hall, St James

Lot 1 - Day Rd, Devenish - 450 Acres / 182.1 Hectares. Sown to Canola 2024
Lot 2 - Oliver Rd, St James - 228 Acres / 92.3 Hectares. Sown to Wheat 2024

These blocks offer a prime opportunity for high-yield grain production across its expansive circa 274 hectares or 678 acres of fertile loam soils. Located in the heart of Victoria’s productive cropping region, the land is particularly well-suited for dryland cropping with a focus on grains, currently supporting both canola and wheat. The quality of the soil, combined with an average annual rainfall of 524 mm, provides an excellent foundation for consistent grain yields.
This property benefits from recent soil improvement initiatives, including lime applications over the past three years, and soil tests in 2024 have shown a pH level of over 6, indicating healthy and balanced soil conditions ideal for grain cultivation. The region's climate and soil composition offer optimal conditions for winter grain crops, with a mild slope that ensures efficient water retention and distribution, enhancing crop growth and resilience.
Additionally, the property's designation within the Farming Zone (FZ1) and its agricultural land use classification make it specifically tailored for large-scale grain operations. The property presents a relatively stable environment conducive to reliable grain production cycles.
Given its scale, soil quality, and favorable climate conditions, these two parcels represent a valuable asset for grain growers looking to expand or optimise their operations in one of Victoria's productive agricultural areas

Possession is available for the coming season.

Rural Property Overview
Land Size
228 acres / 92.27 hectares
Land Use
Agriculture
Cropping
Cereals & Oilseeds
Grazing
Sheep or cattle
Improvements
None
Fencing
Post and wire in fair condition
Number of Paddocks
1
Annual Rainfall(mm)
475.0
Regional
Nearest Regional Centre
Benalla
Distance from Centre
30
Air Service
Daily from Albury
Possession
Type
Freehold title
Possession
Vacant possession
Shire/Council
Moira