Landmark Harcourts has been appointed to market the historic ‘Raby Stud’ located near Warren in the Central Western Region of NSW.
Located in the highly regarded and tightly held Macquarie Valley district of Central Western NSW, just 15km from the township of Warren, ‘Raby Station’ is home to the famous ‘Raby’ Merino Stud which was established in 1898.
The Macquarie Valley has a strong focus on agriculture, particularly sheep and cattle breeding and grazing, as well as wheat and cotton growing.
Trevor Wilson and Phil Rourke of Landmark Harcourts will be handling the marketing process, inspections and negotiations on behalf of Hassad Australia.
“The successful purchaser will acquire one of the Central Western NSW region’s premier rural agribusiness enterprises which has been a significant part of Australian agricultural history and offers the opportunity to undertake a variety of agricultural pursuits,” Mr Wilson said.
Mr Rourke, Corporate Sales Manager of Landmark based in Sydney, said the timing of the sale was good given strong interest in agribusiness across most of eastern Australia.
“With commodity prices remaining at historically high rates and low interest rates, enquiry for good quality rural property has increased as the number of available listings have fallen,” Mr Rourke commented. The property consists of 9,783 hectares (24,175 acres) of mostly near level land, with some minor undulations adjacent to Crooked Creek. It enjoys a long frontage to the Macquarie River and includes an area of 385ha of developed irrigation country and 2,560ha of dryland cultivation with the balance open native grazing country.
‘Raby Station’ is extremely well watered with access to the Macquarie River, Crooked Creek and Duck Creek Channel and its network of tanks, troughs and dams. General security licenses of 1654ML from the Macquarie River and creeks are included in the sale.
The infrastructure on the property is very well maintained and adequately services the property’s various enterprises.
Mr Rourke expressed the offering of ‘Raby Station’ is an opportunity to acquire a diversified agricultural production enterprise featuring cropping, dry‐land farming together with stud and/or commercial livestock breeding, wool growing and finishing country.
Hassad Australia Chief Executive Officer John McKillop said the sale of Raby Station marked the next phase of the company’s investment strategy which included the planned expansion into post farm gate operations. “Hassad Australia’s future lies in a balanced portfolio including farm operations, value adding and the creation of a global export business capable of taking Australian food and fibre to the world,” Mr McKillop said.
“The sale of Raby Station will allow us to rebalance our portfolio by further diversifying and strengthening our Australian operations, and providing an opportunity for the production, processing and marketing of premium agricultural products.”
The property is being offered for sale via Expression of Interest closing 5:00pm (ADST) on 19 October 2017.