Robert Rich to sell Goulburn farm for $33m-plus

The 2300ha Girrakool and North Pomeroy livestock aggregation has hit the market for the first time in 20 years, stirring up “unbelievable” buyer interest.

Prized land in the NSW Southern Tablelands has been listed for sale, with a Sydney property and pastoralist investor looking to offload the property at the height of the Australian rural property market.

The Girrakool and North Pomeroy aggregation, located near Goulburn, is on the market with top-dollar price expectations.

Sydney businessman Robert Rich, who owns the Girrakool and North Pomeroy aggregation via RTR Holdings Pty Ltd, is looking to sell the farm for between $33m and $38m.

Webster Nolan Real Estate – Surry Hills director and selling agent David Nolan said he has received an overwhelming response from potential buyers of the 2390ha premier livestock farm.

“The early interest has been unbelievable. We have been completing inspections straightaway,” Mr Nolan said.

“The farm has been very well received and the market is looking for a property of this size and nature.”

The Girrakool and North Pomeroy has a carrying capacity of 900-1000 cattle.

Girrakool has been held by Robert Rich and RTR Holdings Pty Ltd since 1999 and in 2006 he also added North Pomeroy to his portfolio.

In the following years the two adjoining farms were amalgamated, creating the substantial cattle and sheep breeding operation which exists today.

Mr Nolan said local buyers and investors from Sydney and Melbourne had shown significant interest in the farm so far.

“This is a very, very good property,” he said.

“These farms, they do come onto the market, but they are becoming less and less common because the industry is going through a strong situation with commodity prices, growing conditions and low interest rates.”

The cattle onsite at Girrakool and North Pomeroy are for sale in a separate, but potentially additional deal.

The centrally located farm can hold 900 – 1,000 cow and calves plus replacement heifers.

Water is also a major feature of the farm with around 800mm annual rainfall, 10km double frontage to Wollondilly River, double frontage to Kiala and Oxley Creeks, 54 dams, two bores and 14 livestock troughs.

Girrakool and North Pomeroy also includes an extensive array of existing capital with manager’s residence, two cottages, two steel cattle and sheep yards, two shearing sheds, machinery shed and two hay sheds.

Over the last 20 years Luke and Leah Whitehead have managed the expanding farm operation and are prepared to stay on for a mutually agreeable period after discussions with the new owners.

An expressions of interest campaign will run until April 11.

It comes as earlier in February, a mixed cropping and cotton farm was sold in $45m-plus deal to a US-based investment group.