The 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.

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Boasting stunning panoramic views along the three-kilometres (approx.) of Broken River frontage and spanning 188 hectares (approx.), 'Marangan' was first settled in 1847, with the current homestead built in 1920.

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The property is conveniently located at 2 Goomalibee Road on the fringe of Benalla’s CBD and 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.

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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.

“Its current growth, coupled with planned investment in infrastructure, education and healthcare make the city an attractive location for both parties seeking a premium lifestyle property and investors.”

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'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.

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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.

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'Marangan' Benalla is being offered for sale through an Expression of Interest process, closing at 2pm on Tuesday 12 September 2023.

To arrange a private inspection and for more information phone or email Peter Sagar, Paul Callanan, Darcy Tobin or Boston Facey-Smith of LAWD Development Transactions and Advisory team via the contact form below. 

Source: LAWD

To view listing and for more information click here.

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