Lily Plass
18 October 2024, 8:20 PM
In an unconventionally large sale, the 3,372 hectares Mia Mia aggregation located 25 kilometres east of Coonabarabran in the Purlewaugh Valley is on the market.
"It's not that common at all that places of this scale are available in that area," Elders Gunnedah selling agent Ian McArthur said.
The property is located around 170 kilometres away from Dubbo and Tamworth.
"It is also basically on the doorstep of feedlots and grain receivables," Mr McArthur said.
The aggregation lies in an area with 700mm of rain per year and is watered by the Baby Creek, three bores, and numerous dams.
Sydney businessman David Reid is selling the property due to circumstances revolving around succession planning and is seeking around $22 million bare through expression of interest for the mixed farming enterprise.
It is the first time the aggregation has been up for sale in seven years and includes the 1,249 hectare Mia Mia block, 1,141 hectares Elouera, and the 982 hectares Merrybah properties. All three properties are adjoining.
Homestead on one of the properties. Photo credit: Elders
The Merrybah property holds 880 hectares of basalt soils and red and sandy loams growing summer and winter crops, 220 hectares planted to oats and barley, 100 hectares of introduced pastures and 46 hectares of canola.
The Elouera property encompasses 779 hectares of basalt soils with summer and winter crops and 42 hectares of oats. There is also a four-bedroom homestead on the property, cattle yards and grain silos.
The Mia Mia property holds 500 hectares of basalt soils with summer and winter crops and 87 hectares of introduced and native pastures. A three-bedroom homestead can be found on the property along with 200 tons of grain storage and cattle yards.
The owner runs 900 calves and cows on the aggregation but if turned into a full grazing enterprise, it could hold up to 1,300 cattle.
Cattle production can be ramped up if turned into a full grazing property. Photo credit: Elders
"It provides quality soil, good water, and the ability to grow different commodities," Mr McArthur said.
Expressions of interest are open until 8 November.