Well-known New England property Achill West for auction
The well-known New England farm, Achill West, located east of the city of Armidale has been listed by the Sydney fund manager Iain Gray.
There is an online auction for Achill West, a 2216-hectare grazing property which comes with expectations of between $8 million and $8.5 million.
The property originally formed part of the Coventry family's Armidale wool-growing stations.
Mr Gray, who runs advisory firm Sydney Fund Managers Ltd, acquired Achill West through PSLT Pty Ltd from Will McClenaghan in 2007 for $6.7 million, ending 106 years of Coventry ownership.
The listing agent Chris Meares from Meares & Associates said Achill West was also ideally suited to prime lamb or wool production.
"Comprising a diverse 2,216.06 hectares (5,473.67 acres) of predominantly open undulating but well sheltered country, Achill West represents an excellent opportunity for prospective buyers to take advantage of the current strength in the livestock market," he said.
Around 70% of the property is arable and would be suitable for cash or fodder cropping, as well as highly suited to further improved pasture establishment.
Apart from existing improved pastures, an additional 350 hectares has been established over the past 3 years with rye grass, clover, plantain mixes.
With frontage to the Saint Helena and Four Mile Creeks, plus 69 surface dams, the property is subdivided into 56 main paddocks, averaging 42 hectares per paddock.
The main homestead is a 4 bedroom weatherboard and galvanized iron home (approx. 260sqm), with a separate weatherboard and galvanized iron sleep-out adjacent.
Achill West is offered for sale via Meares Online auction on 22nd and 23rd November, 2016.
