OFF MARKET

66 Murtaghs Lane
King Valley VIC 3678

Bedrooms: 3
Bathrooms: 3
Car spaces: 6
Land area: 2628171m2
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Property Details for 66 Murtaghs Lane, King Valley

Building Type
Rural
Land Size
2628171m2
Local Government
Wangaratta
Lot/Plan
116/PP3248

Last Listing description (June 2023)

Located in a rich and fertile microclimate within the renowned King Valley and known for high yields;
'Acacia Park' is arguably one of the best vineyards in the Valley in terms of organisation. Owned and maintained by the same family since 1947, the property has been a consistently good performer a testament to sound management.

* 99 hectares (244.6 acres) established, quality vineyard

* 9 varieties Pinot Gris, Prosecco, Pinot Noir, Sauvignon Blanc, Pinot Blanc,
Savagnin, Chardonnay, Tempranillo and Saperavi
* Exceptional water supply 143meg plus 2 dams and springs with high rainfall 1,000-1,100mm pa average
* Undulating terrain providing a selection of rich productive soils
* Extensive and well maintained Plant & Equipment, workshop tools and parts
included in sale
* Reliable income stream and return on investment
* Two residences set in established and restful park like setting
* Two machinery sheds, workshop, historic King Valley Hall
* Potential for further development with a diversity landscape
* 'Acacia Park' offers some of the best views in the King Valley
* 'Prosecco Point' an elevated 700m2 (approx.) site potential cellar door,
restaurant, helipad, new home site, accommodation (STCA)

Tenders will close on Wednesday 17th May @ 12 noon at Agents office. Terms: 1% with tender offer, a further 9% payable if accepted. Full settlement within 60 days of vendor confirming acceptance. The vendor shall have sole discretion to accept or reject any offer submitted and the highest or any tender may not necessarily be accepted. Offered for sale on a Walk In Walk Out basis.

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Property History for 66 Murtaghs Lane, King Valley, VIC 3678

A timeline of how this property has performed in the market
Last Sold
$7,385,000
30 Jun 2023
  • 30 Jun 2023
    Sold for $7,385,000
  • 21 Apr 2023
    Listed for Sale For Sale By Tender - Closing Wed 17th May 23 @12pm
  • 01 Jun 2020
    Transferred
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About King Valley 3678

The size of King Valley is approximately 22.6 square kilometres. The population of King Valley in 2011 was 296 people. By 2016 the population was 100 showing a population decline of 66.2% in the area during that time. The predominant age group in King Valley is 30-39 years. Households in King Valley are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in King Valley work in a managers occupation. In 2011, 86.5% of the homes in King Valley were owner-occupied compared with 78.1% in 2016..

King Valley has 58 properties. Over the last 5 years, Houses in King Valley have seen a 92.12% increase in median value. As at 30 November 2024:

  • The median value for Houses in King Valley is $860,518.
There are currently no properties listed for sale, and no properties listed for rent in King valley on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in King valley.

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