Property

Kooroora offers mixed farming entry to central NSW

Liz Wells, April 6, 2020

Kooroora features an 800-megalitre water storage and potential for further irrigation development. Photo: CBRE

THE LISTING of Kooroora at Collie is set to test the market for dryland mixed farming country with some irrigation in central New South Wales.

The well-developed property covers 3182 hectares, and is listed with CBRE Agribusiness and Logical Livestock and Property.

Located 52 kilometres north-west of Dubbo, it is currently set up to crop 3000ha of dryland, with an additional 48ha under two centre-pivot irrigators.

Vendors are the Roberts family, who have recently built an 800-megalitre storage which can be filled via licensed bores.

The storage will allow the new owners to install a further three centre pivots for additional irrigation if they desire.

Kooroora has council approval for a 1000-head opportunity feedlot, AUS-MEAT accreditation, cattle yards, a weighbridge and storage for more than 4000 tonnes of grain.

Sheep are also catered for on Kooroora, a set of sheep yards and a four-stand shearing shed, as well as 15 self-feeders in containment pens which can hold 4000 sheep in total.

Kooroora’s paddocks are watered by dams, and the property has a 7.6km double frontage to Milpulling Creek and a 4.5km single frontage to Kickabil Creeks, with other natural watercourses running through the aggregation.

The property has an annual average rainfall of 569 millimetres, and has received 260mm in the year to date, well up on the total received last year of around 145mm.

Kooroora’s soil types are red, brown and grey loams with an average dryland yield of approximately 2.9 tonnes per hectare for wheat, 2.4t/ha for barley and 1.2t/ha for chickpeas and faba beans.

Average irrigated yields on Kooroora are around 8t/ha for sorghum and 3t/ha for soybeans.

While cotton has not been grown on Kooroora, district average are 11 bales/ha for irrigated and 3.2b/ha dryland.

Following recent rain, prospects for the upcoming winter crop are looking good, and Kooroora’s cropping paddocks have been sprayed and cultivated ready for planting.

The Roberts family are third-generation owners of Kooroora, and are selling to pursue some off-farm opportunities.

CBRE Agribusiness director Richard Royle said the vendors were offering Kooroora for sale outright as one option.

“They would also consider staying on to manage the property for an absentee or corporate owner if required,” he said.

Kooroora is a well-improved mixed farm located between Dubbo and Collie. Photo: CBRE

Recent sales in the area have seen mixed farming country sell for $2500-$3200/ha, and Southern Recharge Groundwater has traded at $400-$1400/Ml.

Excluding the value of Kooroora’s 1200ML Southern Recharge Groundwater entitlements over two licences, Kooroora can be expected to fetch between $8 million and $10.2 million.

Working improvements include three machinery sheds, a workshop, two main residences and three cottages.

Source: CBRE

 

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