This article is from the Australian Property Journal archive
SOUTH Korean corporation Hanwha Group has paid around $25 million for the Warragundi mixed farming aggregation on the Cudgegong River, in the Mudgee region of New South Wales.
The group has proposed a solar power project on the site 5,798-hectare site, but will continue to operate the cattle, sheep and fodder crops operation as-is, and retain current staff.
Warragundi, located in north-western NSW, had been on the market for six months and was sold by CBRE’s Richard Royle and Logical Livestock Marketing Simon McKittrick on behalf of John and Sandra Harding.
The combined aggregation has an average carrying capacity of around 1,400 breeders and 600 replacements, plus 2,500 merino ewes or 25,000 DSEs, and also as a water licence of 1,014ML.
Located near the township of Goolma, it offers water access and fodder crops that have maintained a core breeding herd during extended dry periods, and has a range of pastures that include chicory, cocksfoot, fescue, phalaris, ryegrass, sub clover and white clover mix.
Australian Property Journal
