'Mallaha Park' at Peechelba East provides great future options. The (6.8Ha) 16.8 acre farm zone holding consists of approx. 40% high flood free terrace overlooking a balance of river flat; the latter containing a magical lagoon bordered by towering river red gums. All this provides an unprecedented overview from a high future new home site. Alternatively, the existing dwelling which require extensive repairs and renovation may form the basis of a restoration on this on this affordable property. There are many very old sheds, stables and an ex-dairy which may prove usefull. The area has been fenced into small paddocks with stock and domestic water from a bore via two concrete tanks. The property lies 22 km from Wangaratta by sealed road. At an 'easy buy' $298,000 the property is a fantastic blank canvas for a new owner wanting to establish a lifestyle property in a truly rare setting.