Southern Tablelands grazing asset makes around $16m

AN investor with local interests has paid around $16 million for a mixed grazing enterprise in New South Wales’ Southern Tablelands region.

The 1020ha Rosedale is situated near Quialigo, 12km from Goulburn and 107km from Sydney and was sold by an off-farm investor after 36 years of ownership and continual development.

Agents from Inglis Rural Property confirmed the sale, but were unable to disclose the purchaser or the price paid. However, during last year’s marketing campaign, Rosedale was anticipated to raise more than $16m.

The beef production platform has been running 460 breeders and followers, but was offered with a 9000DSE to 10,000DSE carrying capacity.

It would also suit prime lamb production, dual-purpose cash cropping, fodder and/or hay production.

The versatile, undulating country is mostly cleared of timber with 85 percent considered arable. Soils are red and brown granite loams suited to winter perennial pasture development and fodder cropping.

There are multiple water sources including double frontage to the Bullamalito and Quialigo Creeks, 35 dams and two equipped bores.

Infrastructure includes a four-bedroom cottage, steel cattle and sheep yards, a New England breeder expands with Gwydir Park

New England’s James Harris from Abington Station, Bundarra, has paid $4.9 million for Gwydir Park which neighbours Nuandle, one of his satellite farms.

The 864ha property was sold by Danieli Farms after three years ownership.

It is centrally located between Armidale, Uralla and Inverell and is suited to breeding and backgrounding.

During the marketing campaign, Ray White Rural agent Andrew Starr said there was an opportunity to further drive the property’s grazing production.

“The gently undulating arable grazing land lends itself to pasture development, fodder cropping and ground spreading of fertiliser.”

The property boasts Gwydir River frontage and is watered an equipped bore and numerous dams in a 750mm average annual rainfall region.

Infrastructure includes a five-bedroom home, steel cattle yards, a two-stand shearing shed, sheep yards and numerous sheds.