NEW South Wales properties feature in this week’s property review of recently completed sales by property editor Linda Rowley.

 New England asset makes $14.5m

 Local secures NSW grazing powerhouse

 NSW producer expands with grazing & farming country

New England asset makes $14.5m

A highly regarded grazing asset in northern New South Wales’ New England region has sold to a central Queensland family for $14.5 million.

The 2237ha Glanmire Station, 10km from Bundarra, 55km from Inverell and 65km from Armidale, was listed by the Coventry family in April with a $16m price tag.

Ray White Rural agent Andrew Starr was unable to disclose the name of the buyer, but said they would add Glanmire to their existing portfolio and run a self-replacing Angus/Wagyu FI beef herd.

The country on Glanmire is gently undulating and open with well grassed and well sheltered paddocks. These have a high percentage of productive arable land capable of running 16,000DSE or 900 head of cattle.

The property also lends itself to further improvement through pasture cropping with the Coventry family planting more than 160ha of modern perennial pasture species, plus clovers over sown with annual oats.

Glanmire features Gwydir River frontage, supported by the Two Mile Creek, a bore and several dams.

Infrastructure includes a three-bedroom cottage, steel cattle yards, a five-stand shearing shed and two sheep yards.

Local secures NSW grazing powerhouse

A grazing powerhouse on the south-west slopes of New South Wales has sold to a local producer for expansion.

The 3236ha Glencoe situated near Taylors Flat, 50km north-east of Boorowa and 80km south-east of Cowra, has been running 18,000DSE on improved and native pastures.

It was purchased in 2015 by former Woolworths chief executive Paul Simons and his family, who also own Euralie near Yass where they breed superfine wool.

Originally, the property was home to three generations of the Hume family, including explorer Hamilton Hume.

Elders agent Richard Gemmell was unable to disclose the price paid or the buyer. However, during the marketing campaign he said Glencoe had been progressively developed to benefit from multiple income streams under differing seasonal conditions.

The property is suited to sheep, cattle and pasture production, and has sound agribusiness risk management and operational scale that will continue to deliver ongoing financial growth, he said.

The country is mostly central valley creek flats run to rolling timbered hills with alluvial soils and granite and deep red loams. More than 80ha have been sown to oats.

Glencoe is situated in a 675mm average annual rainfall region, and is watered by 22 dams, three equipped bores, a creek and numerous springs.

The infrastructure is described as high quality and includes two renovated homes, staff quarters, a new shearing shed, sheep yards, machinery sheds, grain and fodder storage.

NSW producer expands with grazing and farming country

Productive year-round grazing and farming country on the central-west plains of New South Wales has sold prior to auction to an out-of-district producer expanding his cattle breeding and finishing operation.

The 1751ha Merriwee is situated 52km north of Coonamble and 200km north of Dubbo in the Wingadee area.

It is regarded for its finishing and cropping abilities, and is suited to cereal cropping, pasture, sheep, wool, lamb and cattle production. About 906ha are arable, with 243ha sown to wheat.

Elders agent Richard Gemmell was unable to disclose the buyer or the price paid, but said Merriwee achieved at the top end of recent district sales, which have been between $1100-$1300/acre.

The country consists of mostly grey self-mulching and deep red loams with areas of beneficial flood country running into some heavy black soils.

Grazing paddocks are lightly timbered and growing winter herbage, clovers, medics and crowfoot. Summer grasses include Mitchell, button and windmill.

The property is watered by an artesian bore and dams.

Infrastructure includes a four-bedroom home, numerous sheds, a four-stand shearing shed, steel sheep and cattle yards and 440t of grain storage.

Merriwee was sold by Bowral-based Jim and Christine Norrie after two years of ownership to allow them to focus on other business interests.