The 186.82ha* Narelle Park Aggregation at Aberdeen in the NSW Hunter Region has been listed for sale under instructions from receivers and managers.
CBRE Agribusiness will steer the Expressions of Interest campaign, with the aggregation’s associated infrastructure and 1,687.24ML of water allocations to be sold in one line or as separate assets. Other commercial offers will also be considered.
CBRE’s Richard Royle said; “Properties of this calibre are highly sought after for their high production, rich alluvial soils, high water security, central location and rural lifestyle. The sale offers an exceptional opportunity to buy into a district surrounded by world class equine studs.”
Until recently, the Narelle Park Aggregation operated as an intensive livestock farm and commercial dairy. It is conveniently located, 5min* from Scone, 18min* from Muswellbrook, 3hr* to Sydney and under 2hr* from Newcastle.
A standout feature is the Hunter River catchment water allocation history over the past 10 years. According to the Water NSW website, the average allocation was 100%* for general security and 91%* for supplementary water.
“This stable and reliable water source is suitable for a mix of businesses such as intensive livestock, cropping or horticulture. The aggregation also offers a developed irrigation system and shares approximately 2.4km* of frontage to the Hunter River,” Mr Royle said.
The asset comprises 186.82ha* of prime land known as “Narelle Park” and “The Oaks”. Approximately 164.65ha* (89%*) is considered irrigable via an extensive aboveground and underground irrigation system.
The main dairy property, Narelle Park, comprises 63.46ha* of arable alluvial soils, which are approximately 96% irrigatable.
The commercial dairy complex is a 30-a-side swing-over Herringbone with an in-parlour feeding and automated drafting system, which had a milking capacity of approximately 200 cows per hour.
“The Oaks” comprises 120.48ha* of rich alluvial soils and has three Centre Pivots covering 61ha*.
The aggregation has future development potential via additional Centre Pivots, travelling irrigators or land subdivision, subject to the relevant council planning approvals, with its RU4 – Primary Production Small Lots, allowing for a minimum subdivision of 40ha.
It offers a total of five houses (three homes and two cottages), which all have their own driveway access, garaging and associated sheds. These could be rented for additional income, used as staff accommodation or utilised as private residences.
Expressions of Interest close Thursday 12th September 2019 at 5.00PM (AEST).
*Approximately
CBRE Agribusiness will steer the Expressions of Interest campaign, with the aggregation’s associated infrastructure and 1,687.24ML of water allocations to be sold in one line or as separate assets. Other commercial offers will also be considered.
CBRE’s Richard Royle said; “Properties of this calibre are highly sought after for their high production, rich alluvial soils, high water security, central location and rural lifestyle. The sale offers an exceptional opportunity to buy into a district surrounded by world class equine studs.”
Until recently, the Narelle Park Aggregation operated as an intensive livestock farm and commercial dairy. It is conveniently located, 5min* from Scone, 18min* from Muswellbrook, 3hr* to Sydney and under 2hr* from Newcastle.
A standout feature is the Hunter River catchment water allocation history over the past 10 years. According to the Water NSW website, the average allocation was 100%* for general security and 91%* for supplementary water.
“This stable and reliable water source is suitable for a mix of businesses such as intensive livestock, cropping or horticulture. The aggregation also offers a developed irrigation system and shares approximately 2.4km* of frontage to the Hunter River,” Mr Royle said.
The asset comprises 186.82ha* of prime land known as “Narelle Park” and “The Oaks”. Approximately 164.65ha* (89%*) is considered irrigable via an extensive aboveground and underground irrigation system.
The main dairy property, Narelle Park, comprises 63.46ha* of arable alluvial soils, which are approximately 96% irrigatable.
The commercial dairy complex is a 30-a-side swing-over Herringbone with an in-parlour feeding and automated drafting system, which had a milking capacity of approximately 200 cows per hour.
“The Oaks” comprises 120.48ha* of rich alluvial soils and has three Centre Pivots covering 61ha*.
The aggregation has future development potential via additional Centre Pivots, travelling irrigators or land subdivision, subject to the relevant council planning approvals, with its RU4 – Primary Production Small Lots, allowing for a minimum subdivision of 40ha.
It offers a total of five houses (three homes and two cottages), which all have their own driveway access, garaging and associated sheds. These could be rented for additional income, used as staff accommodation or utilised as private residences.
Expressions of Interest close Thursday 12th September 2019 at 5.00PM (AEST).
*Approximately
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
