Spectacular 500 acre (approx.) property situated in the heart of the Yarra Valley, only 1 hours’ drive from the city and 8 minutes from Lilydale railway station. The panoramic views across the stunning rural landscape of the Yarra Valley create the perfect backdrop for a multitude of uses, being Farming/agriculture, Tourism, Vineyard, Religious centre site or a luxury residence, school or exclusive resort STCA. Quality holdings like these are very rare! A once in a lifetime venture, this is an opportunity to purchase this magnificent fertile land surrounded by golf courses and four kilometres of the Yarra River traversing through the property all within a short drive to schools, shops and trains. The land has a winter water licence of 162 mega litres. There is recycled water and town water available in addition to modern amenities where the capacity of the land can cater for 350 cattle and 50 sheep, plus hay production. The farm has been operated on a conventional system, with chemical use kept to a minimum. The majority of the pastures have been sown with quality seed and the property is within one kilometre of two restaurants, close to the Lilydale Airport, Yarra Valley wineries and has two golf courses on the south and east boundaries. The quaint cottage on this property has 6 bedrooms, 2 bathrooms and a beautiful aspect with the most magnificent Oak tree located in the picturesque gardens. Associated buildings on the site include sheds, farm equipment and irrigation equipment. There are fertile alluvial river flats with the beautiful scenery of the mountains of the Yarra Valley and the natural bush habitat on the other side of the river.