This article is from the Australian Property Journal archive
A SYDNEY-based investor has paid around $20 million for adjoining Southern Tablelands properties, including the historic Gundowringa which has 13 wind turbines.
Gundowringa and neighbouring Pejar span a combined 1,337 hectares near Crookwell and Goulburn and were sold through Inglis Rural Property’s Sam Triggs.
The 825-hectare Gundowringa had been owned by the Prell family for 120 years and was offered with a diversified income stream, with a price guide of $11 million to $12 million.
It has granite and red basalt soils growing perennial pastures that can support capacity of 9,000 to 11,000 DSE, while it also has 13 wind turbines and a substation. There is a pending 30-year lease agreement bringing $226,800 per year.
The region receives annual rainfall of 750 millimetres, and Gundowring has frontage to the Wollondilly River and 24 dams.
Improvements include a six-bedroom home, four-bedroom home, three cottages, a circa-1900 eight-stand shearing shed, and multiple sheds and steel cattle yards.
Neighbouring Pehar is a 472-hectare grazing holding with undulating country comprising fertile red basalt and granite soils growing improved perennial pastures, and six kilometres of frontage to the Pejar Dam, 1.5 kilometres of double frontage to the seasonal Pejar Creek, and one kilometre of double frontage to the seasonal Gray’s Creek.
Further water is supplied by a three megalitre water access licence and 23 dams.
It can run 5,500 DSE.
Improvements include steel cattle and sheep yards, and three silos with 130 tonnes of grain storage.
Pejar has expectations of $6.5 million to $7.5 million.
