Tuppal Station fails to sell at Elders auction
The iconic Tuppal Station was passed in at auction on Wednesday morning, despite strong bidder interest.
Bids reached up to $6.25 million, but Elders Finley real estate agent Jim Jewell said it was still short of reserve.
‘‘It did not sell at auction, so it will go to private sale.
‘‘There are negotiations taking place with interested parties.’’
Elders Finley confirmed yesterday negotiations are continuing with two parties.
Tuppal Station, near Tocumwal, spans a massive 5568 hectares (13,758 acres) and is home to some of the most historical structures in the region.
Tuppal Station was originally selected in 1843 and was purchased by FS Falkiner and Sons in 1891.
It was originally more than 170,000 acres before being split into smaller portions.
The renowned Riverina holding was put to auction on Wednesday morning at the Tocumwal Bowling Club.
Mr Jewell said he was not sure how long private sale negotiations would take.
Tuppal Station is 15 minutes from Tocumwal, 40 minutes from Deniliquin and three hours from Melbourne.