A MAJOR farming property near Mulwala with links to one of Australia’s early business leaders could be sold for more than $10 million.
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Tarramia, located between Mulwala and Corowa with frontage to Lake Mulwala, is the final disposal by the executors of the estate of the late Marion Page, who died three years ago.
She was formerly Marion McPherson, the daughter of Sir Clive McPherson, who started his business career in nearby Yarrawonga with the establishment of a stock and station agency along with another district farmer, John Thom in the early 1910s before selling in 1933.
Mr McPherson created Tarramia when he began snapping up a series of farms in the area, but remained a major influence in business from roles including the chairman of the Australian Wheat Board, managing director of Younghusband Limited and a director of the National and Commonwealth banks.
He was knighted in 1941 with his services also extending to the Royal Melbourne Hospital and Royal Agricultural Society of Victoria.
Tarramia is for sale in whole or two parts via expressions of interest closing on April 4 with Pat Rice & Hawkins and Elders appointed agents.
Tarramia South comprises 601 hectares and includes the homestead, three cottages, farm buildings and Tarramia North comprises 1393 hectares, a cottage and five bores.
The homestead and cottages suffered damage in the 2013 tornado, but have since been repaired.
“There is nothing comparable or recent against which to value this holding as opportunities like this occur so infrequently,” Pat Rice & Hawkins agent Matt Childs said.
“I note it is the first time on offer for 60 years and only the second time in a century.
“It has been farmed recently as a cropping and grazing holding under a lease to a local farmer that has now concluded.”
Mr Childs said he expected Tarramia to sell for more than $10 million.
Albury’s first settler, Robert Brown, settled Collendina about 1845.
