Agent Matt Childs from Pat Rice & Hawkins confirmed the sale took place this week with the undisclosed purchaser adding the 1994 hectare grazing and cropping property with extensive Lake Mulwala frontage to farms they already own in southern NSW.

A total of 13 bids for the property also exceeded agents’ pre-sale expectations with two charities to be the beneficiaries of the sale.

The homestead on the property east of Mulwala was badly damaged in a tornado which swept through the area five years ago, but has since been extensively renovated.

“It was a really strong campaign with plenty of interest,” Mr Childs said.

“Thirteen offers is a testament to that.

“If we got five or six I would have been very surprised.

“It is a pretty unique place and hasn’t been for sale for a long time.

“Sometimes these sorts of places can be very hard to value.”

Mr Childs said he was unable to disclose the identity of the buyer, but confirmed there were no bids made from overseas parties.

“They are not from interstate, they are not international, they are local farmers,” he said.

The property was sold as a whole after the option to split into two lots of 1393 and 601 hectares was also offered to buyers.

Tarramia was 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.

Mr McPherson created Tarramia when he began snapping up a series of farms in the area.

He also held senior business roles including the chairmanship of the Australian Wheat Board, managing director of Younghusband Limited and a director of two banks.