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Rural gem in renowned Mudgee region listed for sale

More than 5,000ha of rural land on the banks of the Cudgegong River in New South Wales’ Mudgee region has been listed for sale.

23 Aug 2018

More than 5,000ha of rural land on the banks of the Cudgegong River in New South Wales’ Mudgee region has been listed for sale. 

CBRE Agribusiness and Logical Livestock Marketing have been appointed to market for sale the Warragundi Aggregation, comprising a 5,798ha mixed enterprise, consisting of cattle, sheep, water and cropping. 

Located near the township of Goolma, approximately 25 minutes’ drive to Mudgee and 15 minutes’ drive to Gulgong, the aggregation offers outstanding water access and fodder crops that have maintained a core breeding herd during extended dry periods. 

The aggregation includes a range of pastures, including chicory, cocksfoot, fescue, phalaris, ryegrass, sub clover and white clover mix. 

CBRE’s Richard Royle and Logical Livestock Marketing Simon McKittrick are selling the aggregation on a ‘Walk in Walk out’ basis, allowing an immediate income stream, turn-key business and seamless transition. 

“The current owners have done an excellent job in shaping Warragundi to what it is today. They are now looking to simplify their work commitments by giving someone else the opportunity to own this prized property,” Mr Royle said. 

“The property benefits from a high-profile position in New South Wales’ Mudgee region, renowned for its rich agricultural land, cool climate wines, gourmet food and stunning natural landscapes.” 

He added: “The stock produced from Warragundi have an outstanding reputation and their weight gains are above average for the region, which is testament to the water supply, quality of fodder crops and fertiliser.” 

The combined aggregation includes an average carrying capacity of approximately 1,400 breeders and 600 replacements, plus 2,500 merino ewes or 25,000 DSEs. 

“It is very hard to find a property of this size and quality in the Mudgee region, with most properties of this scale and size being subdivided to accommodate the high demand for rural lifestyle blocks,” Mr Royle said. 

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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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.