This article is from the Australian Property Journal archive
AFTER five generations of ownership, the Scott family has put the southeast Riverina livestock and cropping Aratula aggregation to the market with expectations of over $40 million.
Aratula, on the banks of the Murray River and 25 kilometres west of Tocumwal, spans 4,852 hectares and consists of four holdings – Oomabah (of 2,208 hectares) Aratula (1,328 hectares), Camp (687 hectares) and Wahroonga North (629 hectares).
More than 4,000 hectares is arable and there is more than 2,000 hectares of planted winter crops, including wheat, canola, barley and peas. There is 2,535 hectares consisting of pasture (1,610 hectares), grazing (500 hectares) and lucerne and oats.
Alluvial, highly productive creek flats are complemented by vast, open, fertile farming and fattening country. Over the past few years, 300 cows plus followers and 1,200 ewes and lambs have been run on the property.
Aratula has a century-old five-bedroom homestead that was renovated in 1980, while other improvements include two worker’s cottages, 2,000-head steep sheep yard, four modern all-steel cattle yards, an 80-tonne fertiliser shed and 550-tonne silo storage.
Nutrien Harcourts Deniliquin’s James Sides is marketing the property as a whole or as four holdings. Expressions of interest close 27th October.
The listing comes hot on the heels of the Baker family offering their 3,010-hectare cropping, farming and grazing enterprise, the Baker Grain Aggregation, also on the Murray, and near Albury, which could tip $100 million.
The Baker family formed the aggregation in 1989 and it now includes 1,925 hectares under irrigation with 4,287 megalitres of water entitlements.
Improvements include six residences, hay and machinery sheds, stock yards, shearing shed, a cattle feedlot with 999-hear capacity, and 65,000 tonnes of grain storage.
Preliminary registration closed Friday and the expressions of interest campaign runs until 28th October through Nutrien Harcourts Albury’s Billy Jones, Andrew Bell and Brian Liston.
