This article is from the Australian Property Journal archive
VICTORIAN Jock Richmond from Rose Grange Pastoral has reached across the border and grabbed a blue-ribbon pastoral asset in the southern Riverina region of NSW, in a deal worth about $40 million.
Richmond, a fourth-generation producer, already holds sheep and cropping interests in southern NSW. He currently runs 12,000 ewes and 500 cows on Trawalla, near Little River.
His latest acquisition is the 1,643-hectare Wantagong Station, which is located 20 kilometres east of Holbrook and produces beef cattle, wool, prime lamb and fodder. Estimated carrying capacity is 25,000 dry sheep equivalents.
Wantagong had been strategically managed and developed over 50 years spanning two generations of the Shaw family, with investment made into infrastructure, pasture improvement, soil amelioration and water development.
Elders agent Nick Myer marketed the property via expressions of interest with a price guide of $40 million on a bare basis.
Wantagong has a circa 1951 homestead, a four-bedroom manager’s residence and four-bedroom staff residence, numerous sheds, grain storage, a four-stand shearing shed, sheep and cattle yards, fully integrated solar systems and biodiversity initiatives including an established Biodiversity Conservation Trust agreement.
There is an abundant natural water supply via Wantagong and Stony Creeks, numerous natural catchment dams, fully reticulated trough system and an equipped solar bore.
