Pictured above: 2 Goomalibee Road, Benella
In a rare opportunity to secure a premium, heritage-rich lifestyle property with future development potential, Marangan at Benalla is being offered to market by national real estate and advisory firm LAWD.
Holding panoramic views along the three kilometres of Broken River frontage and spanning 188 hectares, Marangan was first settled in 1847, with the current homestead built in 1920.
Located at 2 Goomalibee Road, the property is on the fringe of Benalla’s CBD, within minutes of top-rated schools, world-class healthcare facilities, shopping and dining experiences, as well as access to major rail and road infrastructure with connections to Melbourne and Sydney.
LAWD Senior Director, Peter Sagar, said Marangan presented an exceptional chance for astute buyers to own a piece of history and embrace the charm of country living, while simultaneously enjoying the benefits of future residential development.
“Benalla is one of Victoria’s most vibrant and rapidly growing regional towns with direct rail and highway access to Melbourne, which is located a little more than 200 kilometres away,” Mr Sagar said.
Marangan’s original dairy located on the edge of the Broken River was converted to holiday accommodation in 2002 and has been hosting guests since, offering potential buyers an additional income stream.
Immediate returns are also available through the property as a highly productive beef cattle operation with 208ML of water rights.
The historical site is zoned as both low-density residential and farming, offering extensive future possibilities for development, particularly as one the last remaining opportunities of its kind in the area.
Those who appreciate outdoor living will be impressed by the property’s sprawling yards, beautiful gardens, plentiful outdoor space, along with multiple living spaces inside the home and luxurious bedrooms.
Marangan Benalla is being offered for sale through an Expression of Interest process, which closes at 2 pm on Tuesday 12 September 2023.
