Moree cropping enterprise listed for sale
A dryland cropping holding spanning almost 4,000 hectares in Moree in northern New South Wales has been listed for sale.
Located 30 kilometres north-east of Moree, the holding comprises two non-contiguous landholdings totalling 3,844 hectares. Some 3,632 hectares is arable.
The adjoining properties Wallam and Roydon are situated on the eastern side of the Newell Highway – a region renowned for producing high yielding, dryland cotton, sorghum, chickpeas, wheat and barley.
The properties feature the hallmarks of a highly productive broadacre cropping platform, benefiting from scale, operational efficiency, fertile soils, idyllic climate and desirable location.
Improvements include a four-bedroom homestead with pool, grain storage of 8,500 tonnes, workshop, machinery shed and cattle yards.
CBRE Agribusiness’ Simon Cudmore and Col Medway have been appointed to market the property for sale on behalf of its owners, Roger and Annette Turnbull.
“This location offers a significant premium in terms of value that we expect will ignite strong interest from both local land owners and corporate investment funds,” Cudmore said.
The property is being offered for sale via private treaty for $7,413 per hectare ($3,000 per acre), which calculates to a total of about $28.5 million.
