News

Tabain family calls time on Riverina’s Roseneath

Grain Central, April 11, 2022

Roseneath at Leeton in the NSW Riverina is for sale. Photo: CBRE

The expansive and versatile Roseneath farm in Leeton, in the Murrumbidgee Irrigation Area of the Riverina region of New South Wales, has been listed for sale by the Tabain family.

The property comes to market after four decades of continuous ownership focusing on grain production,
storage and transportation, with Matt, Jon and Mark Tabain having built a successful business from the work of their parents Jim and Sandra Tabain.

Located 5km from Leeton and 66km from Griffith, Roseneath spans 2483ha, with 96 per cent being arable, and 971ha currently irrigated with flood and/or centre-pivot systems in place.

Roseneath has direct frontage to the Murrumbidgee Irrigation Main Canal at Leeton, and an annual irrigation entitlement of 2493 megalitres.

Country is gently sloping and underpinned by red loam and red sandy-loam topsoils over clay subsoils.

CBRE’s Boo Harvey, Matt Childs and David Goodfellow are handling the Roseneath campaign, and expressions of interest close May 12, 2022.

“Rarely are properties of this scale and calibre offered for sale within the Riverina region,” Ms Harvey
said.

“A key feature of Roseneath is the broad range of enterprises the property can support.

“Beyond its existing grain and livestock facilities, there is the scope for further development to produce permanent crops of nuts, fruit and/or vegetables.

“That is all complemented by the farm’s proximity to the region’s grain and horticultural packaging and
processing facilities.”

Roseneath has a proven record of growing dryland and irrigated winter crops such as wheat, barley, canola, vetch and lupins, and irrigated rice and corn over summer.

“This opportunity will suit a savvy investor wanting to take advantage of a proven, highly-productive
asset with huge scope for further development and land-use change.”

Roseneath has a 40,000-tonne grain storage and handling facility, and includes silos, a grain dryer and a registered weighbridge with bitumen-road access suitable for B-doubles.

The farm has also produced vast numbers of high-quality sheep, and broke the national per-head sale
price for prime lambs in a Griffith auction in 2018.

Improvements on Roseneath include comprehensive livestock-handling and feeding facilities, and three brick homes.

Source: CBRE

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