Raby Station, Warren has been sold to a local consortium of buyers after a successful marketing campaign by Landmark Harcourts rural specialists Phil Rourke and Trevor Wilson.
The successful sale of Raby Station reflects the strength in the rural property market, with over 60 enquiries, 17 inspections and 12 contracts issued.
The Macquarie Valley has a strong focus on agriculture, particularly sheep and cattle breeding and grazing, as well as wheat and cotton growing.
Trevor Wilson and Phil Rourke of Landmark Harcourts, who handled the marketing process, inspections and negotiations on behalf of Hassad Australia, said the number of enquiries and general interest in the property demonstrated the strength of the market and confidence being shown in rural agribusiness.
“With commodity prices remaining at historically high rates and low interest rates, enquiry for good quality rural property has increased as the number of available listings have fallen,” Mr Rourke said.
Located in the highly regarded and tightly held Macquarie Valley district of Central Western NSW, just 15km from the township of Warren, ‘Raby Station’ is home to the famous ‘Raby’ Merino Stud which was established in 1898.
The property consists of 9,783 hectares (24,175 acres) of mostly near level land, with some minor undulations adjacent to Crooked Creek. It enjoys a long frontage to the Macquarie River and included an area of 385ha of developed irrigation country and 2,560ha of dryland cultivation with the balance open native grazing country.
‘Raby Station’ is extremely well watered with access to the Macquarie River, Crooked Creek and Duck Creek Channel and its network of tanks, troughs and dams. General security licenses of 1654ML from the Macquarie River and creeks are included in the sale.
The infrastructure on the property is very well maintained and adequately services the property’s various enterprises.
The purchasers intend to integrate the property into their current operations growing irrigated cotton, dryland farming when seasons permit together with sheep and cattle grazing.