Property

Moree dryland cropping spread lists with $28.5m price tag

Grain Central, May 20, 2019

Wallam and Roydon are located northeast of Moree and are for sale by private treaty. Photo: CBRE

A SPREAD covering 3844 hectares is available for sale by private treaty to offer expansion or establishment opportunities in the prized Moree district of northwest New South Wales.

The CBRE Agribusiness listing comes with a price tag of $7413/ha comprises the 2711ha Wallam, 95 per cent of which is arable, and Roydon, an 1133ha property which is 93pc arable.

The properties are currently owned by Roger and Annette Turnbull, and are located around 30 kilometres northeast of Moree in a region renowned for producing high-yielding barley, chickpea, sorghum, wheat and dryland-cotton crops.

Wallam and Roydon receive an annual average rainfall, and have predominantly black and grey self-mulching soils.

Improvements include storage for 8500 tonnes of grain, a workshop, machinery shed, cattle yards and a four-bedroom homestead.

CBRE Agribusiness’ Simon Cudmore and Col Medway are handling the sale.

Mr Cudmore said the property’s premium rural location would underpin buyer interest.

“This rural property is ideally situated on the eastern side of the Newell Highway – a superior dryland farming location that is widely recognised for its quality production and strong historical performance,” he said.

“This location offers a significant premium in terms of value that we expect will ignite strong interest from both local landowners and corporate investment funds.”

Source: CBRE

 

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