This article is from the Australian Property Journal archive
THE operators of a prominent agribusiness freight company have are hoping for up to $30 million from the sale of a mixed farming enterprise in the Riverina district.
Gundagarra spans 3,625 hectares near Deniliquin and has been amalgamated over the past 20 years by Russell Tait and partner Vicki Meyer, who own and operate Deniliquin Freighters.
The property is now for sale as a whole or in six adjoining lots. They include the 1,262-hectare Gollops Run, the 842-hectare Pretty Polly, Boundary Park (434 hectares), Gundagarra (433 hectares), Prosperity (371 hectares) and Bluebell (281 hectares).
Expressions of interest close April 13 through Nutrien Harcourts Deniliquin’s James Sides and Jake Freshwater.
Expectations are of $25 million to $30 million, according to The Weekly Times.
Gundagurra has run about 3,800 sheep and 230 cows and calves plus replacements in recent years.
Summer and winter crops include rice, wheat, barley, oats, sub clover and lucerne.
Water access and supply could potentially enable irrigation development to grow cotton crops or permanent horticultural plantings.
Improvements include new machinery shedding, hay sheds, wool sheds, sheep yards and cattle years. There is 52 kilometres of exclusion fencing.
Elsewhere in the Riverina, the Scott family has just bought to a close five generations of ownership of blue-ribbon farming aggregation Aratula, which they put to the market with expectations of $40 million.
Meanwhile, historic Riverina pastoral property Barooga Station is also being shopped around.
