Tup­pal Sta­tion fails to sell at El­ders auc­tion

Southern Riverina news - - News -

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.

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