ENDLESS POTENTIAL ON TAMWORTH'S DOORSTEP

The sale of Hillside presents the first opportunity to purchase land that has been held in the same family since it was first selected by Mr William Lye after arriving in Tamworth from Europe in 1866. The land, part of the original 'Lye Family Selection' has been passed on from father to son for 6 generations and over 150 years.<br/><br/>Ray White Rural are proud to present this opportunity to the marketplace presenting the first public offering of these two properties. Comprising both 635 Eloura Road Tamworth (accessed via Mount Falcon Estate off Armidale Road) and 412 - 414 Armidale Road with frontage to both the New England Highway and Peel River, the contiguous offering is a rare holding alongside residential development in the growing regional centre of Tamworth NSW. <br/><br/>Area: the total area of properties is approximately 72.35 hectares or 178.8 acres <br/><br/>Location: Hillside is located in an extremely highly sought after position, being just 4.9km to the Tamworth C.B.D. The property enjoys frontage to the New England Highway being a major thoroughfare between Sydney and Brisbane.<br/><br/>635 Eloura Road (Lot 2 & 3 in DP 842342 and Lot 189 in DP 753848)<br/><br/>43.45 hectares or 107.1 acres complimented by a lovely 3 bedroom hardiplank home. This parcel with town water gives you the feeling of absolute serenity whilst being only a few minutes drive from the C.B.D. Entering the driveway, you will find the tidy, well kept tenanted home featuring exceptional views across the Peel Valley, three bedrooms, renovated kitchen complete with wood fire and reverse cycle air conditioning. Outside you will find a brilliant 10m x 7m three bay colourbond shed with power. <br/><br/>Fenced into seven main paddocks, the property has a basic set of cattle yards, town water connected, the land itself is a good mix of level to gently undulating arable country rising to steeper timbered ridges in some areas. Fencing is in generally good order and consists of barbed and chain wire <br/><br/>412 - 414 Armidale Road (Lot 1 in DP 204705 and Lot 14 in DP 753484) <br/><br/>28.14 hectares or 69.53 acres adjacent to the main block, this parcel of land enjoys frontage to the renowned Cockburn River and the alluvial river flats we have come to expect on the banks of the river. A combination of rich fertile river flats ideal for fodder cropping and hillside grazing, the block enjoys a long boundary with the main portion of Hillside Farm and enjoys some of the same spectacular views across the Peel Valley, towards the AELEC and back towards Calala and Farrer Agricultural High School .<br/><br/>Comments: the sale if such a well located, historical holding presents a truly unique opportunity. Adjacent to the popular Mount Falcon Estate, the holding presents possible development potential, noting that the vendors have applied for rezoning of approx. 40 hectares into residential lots.a sensational lifestyle holding close to town or land bank for the future. With current income around $30 000 per annum via the rental income from the home plus a control tower leased at $12 000 p.a. Plus CPI increases, the property has immediate cash flow and makes a strategic land bank for the future. After 156 years of generational ownership, this is the first and only opportunity to purchase. Vendors are genuine, now is the time for the Lye Family to divest the holding and needless to say, a very rare opportunity to acquire. Being sold via auction, call exclusive marketing agents Ray White Rural today. <br/>