This article is from the Australian Property Journal archive
NORTHERN NSW beef producer Jackson Agriculture sold its Lakeside holding in the New England region post-auction after the property was passed in for $28.1 million.
A northern NSW grazier is reportedly the buyer of the 1,504-hectare holding.
Lakeside can carry 30,000 to 35,000 dry sheep equivalent and 1,500 to 1,750 cows, or fatten or background 3,000 to 4,500 steers per year.
Located 30 kilometres south-east of Walcha, Lakeside offers rich, heavy basalt soils with an established high performance of mainly fescue-based pastures.
Permanent water comes from spring-fed creeks and dams, and 40-inch annual rainfall
Improvements include a four-bedroom brick homestead, undercover steel cattle yard complex with auto draft, near-new six-stand woolshed and sheep yards, and a large machinery shed.
Founded by John Jackson, Jackson Agriculture also owns Sueramez at Armidale and Winston Park and Braeside at Ben Lomond within the New England region.
Meares and Associates’ Chris Meares managed the sale.
The sale comes as several properties in the New England region are being shopping around.
The 2,098-hectare Spilsbury Family Farms grazing, pasture and fodder production aggregation, in Wandsworth, 26 kilometres north-west of Guyra, has been put for sale to finalise the estate of late former Elders Armidale agent Frank Spilsbury.
Elders has the listing. The aggregation comprises five non-contiguous holdings, including 537-hectare Wiluna, two adjoining holdings making up the 1,164-hectare Keston Greenbank, the 395-hectare Strabanne, and five-hectare Warrawee.
Eleven kilometres north of Guyra, Nicholas and Karen Morgan are offloading blue-chip Glenmorgan, home of the Angus seedstock business of the same name, following the dispersal of their stud. Ray White Rural is marketing the 1,119-hectare property, which has been until recently focused on selling pasture-prepared yearling bulls.
Also listed is cattle, wool and prime lamb operation Midlands, 22 kilometres north-west of Guyra, with expectations of around $12 million. Vendors Andrew and Sue Ross have held the property for 19 years.
