This article is from the Australian Property Journal archive
SINGAPOREAN fund Silverstrand Capital has sold off a chunk of its northern NSW mixed dryland and cropping aggregation Wyuna, and has put the remaining 2,840 hectares back on to the market.
The four-farm Wyuna Aggregation was created in July 2021 when Silverstrand – an investor in Australian agricultural developers Tiverton Agriculture and Kilter Rural – bought the 3,353-hectare Wyuna and 1,589-hectare Mount Nombi properties in the Liverpool Plains.
Expectations were at around $30 million for entire aggregation.
Silverstrand has reportedly found buyers for around 2,100 hectares of the aggregation, which has been divided up between two neighbouring farming families.
It has retained 2,842 hectares of mixed farming land and named that parcel Mount Nombi, and placed it back to the market with hopes of around $19.5 million.
Of the new Mount Nombi, 1,400 hectares is developed for dryland cropping, 1,184 hectares is used for grazing, and 248 hectares has timbered grazing and remnant vegetation.
It is currently utilised for growing winter and summer crops such as cereals, oilseeds, chickpeas and sorghum, and cattle grazing.
Soils are predominantly self-mulching basalt soils, and timber is generally white, yellow, grey and apple box, kurrajong, belah, myall with some pine located on ridges.
Pastures are a combination of native perennial grass and sub-tropical grasses with white and sub clover.
There is secure stock water from three bores equipped with diesel and solar pumps supplying an extensive reticulated water system, as well as a number of creeks and catchment dams.
Improvements include the circa-1904 five-bedroom Mount Nombi homestead as well as two additional dwellings, and there are cattle yards, sheep yards, workshops and machinery shedding, 2,500 tonnes of grain storage, and airstrip and hangar.
LAWD has the listing.
