NSW Riverina station on the market for $45 million-plus

A Chinese cotton trading company is selling its 8500-hectare aggregation of irrigated cropping and pastoral farmland. See the details.

Foreign owners are selling the 8500-hectare Coleambally Station and Noonameena Aggregation.

A premier portfolio of irrigated cropping and pastoral farmland in the NSW Riverina has been listed for sale, where it is expected to command stellar offers.

Following more than a decade of ownership, a Chinese cotton trading company is selling the 8500-hectare Coleambally Station and Noonameena Aggregation, located in the heart of the Murrumbidgee Irrigation District, 15km from Coleambally and 79km south of Griffith NSW.

Offered for sale in one line or as separate aggregations via an offers to purchase campaign, the portfolio is tipped to worth more than $45 million, with significant water entitlements.

Colliers Agribusiness head and selling agent Rawdon Briggs is handling the sale, and said the offering was a unique opportunity for a buyer to secure rare economies of scale underpinned by highly reliable irrigation water.

“One of the Murrumbidgee region’s premier irrigation and grazing portfolios, the holding presents buyers with an outstanding opportunity to acquire developed irrigation land of scale, supported by dryland farming and grazing lands that offer further development potential into permanent plantings for horticultural pursuits,” Mr Briggs said.

“The combination of flat plains and ample supply of water in this favoured Riverina region allows future owners the flexibility to develop the offering further in one of the most productive and diverse agricultural areas of Australia.”

A red brick homestead (circa 1920s) stands at Coleambally Station.

The Coleambally Station and Noonameena Aggregation was previously owned by Alan and Robyn Turner who ran an irrigated and dryland farming enterprise across the portfolio.

Spanning 60 titles, the aggregation comprises about 1050 hectares of laser levelled flood irrigation, 1750 hectares of cropping and 5700 hectares of native grazing and supporting land.

Coleambally Station and Noonameena Aggregation are supported by substantial water entitlements which comprise Lower Murrumbidgee Deep Groundwater (Zone 2 and 3) and access to regulated Murrumbidgee River water via the Coleambally Irrigation Co-operative (CICL) channel scheme, totalling more than 5100ML.

The Coleambally Station and Noonameena Aggregation comprises irrigated cropping, dryland cropping and pastoral farmland south of Griffith.

Irrigation water can be delivered via a CICL channel with a 30ML per day inlet flume and via two groundwater irrigation bores.

Colliers selling agents said given the aggregation’s free draining sandy loam soil types and topography, the portfolio offered the opportunity for further irrigated cropping expansion, horticulture development or conservation, environmental and carbon projects.

Existing infrastructure across the portfolio includes a modern brick veneer dwelling, red brick homestead (circa 1920s), machinery shed, numerous cottages, shedding, shearing sheds and extensive rural structures.