Riverina farming family to sell NSW farms for almost $25 million

Three dryland cropping farms spanning almost 3000ha in Central West NSW have hit the market. See the details.

The Allengrove Aggregation is an amalgamation of three non-contiguous properties, Allengrove (1153ha), Oaklands (1202ha) and Heatherleigh (576ha).

A prominent NSW Riverina farming family has listed for sale its 2931ha, three-farm dryland cropping aggregation, located in Central West NSW.

The Dye family is selling the Allengrove Aggregation, which is an amalgamation of three non-contiguous properties, Allengrove (1153ha), Oaklands (1202ha) and Heatherleigh (576ha), situated 10km (linear) from Parkes.

In 2012, the Dye family expanded its farming enterprise into the Central West acquiring the Allengrove property, before adding Oaklands and Heatherleigh in the following years.

However, a desire to consolidate their existing holdings in the Riverina near Deniliquin has brought the Allengrove Aggregation to market, priced at $24.99 million as a whole.

LAWD agents Ian Robertson and Fraser Robertson are handling the sale of the Allengrove Aggregation via private treaty with a closing date of March 6.

Mr Robertson said he expected both corporate investors and private farming families to show interest in all or parts of the aggregation.

About 2656 hectares, or 91 per cent, of the Allengrove Aggregation is consider arable.

“The Allengrove Aggregation is a dryland cropping opportunity situated within one of Australia’s premium dryland cropping regions, Central West NSW,” Mr Robertson said.

“The aggregation is currently used as a large-scale dryland cropping operation, ideally suited to a range of broad hectare agricultural pursuits including high yielding crops such as wheat, canola, chickpeas, barley, and faba beans.

“The aggregation features predominantly open and level land types, and internal fencing removed offering economies of scale and operating efficiencies.

“Production is underpinned by fertile soil types (red-brown earths and alluviums), extensive liming history and reliable long-term average rainfall of 550mm.”

Water security at the aggregation comes via stock and domestic, with and spray water provided from bores, and town water scheme.

There is also extensive operating infrastructure including grain silos (1000 tonne), fertiliser storage, machinery sheds, workshop, chemical storage shed and fill points.

The four-bedroom Allengrove homestead.

Structural improvements including the Allengrove residence which is a four-bedroom homestead surrounded by garden. Additional accommodation is available on Heatherleigh.

The Dye family produces both livestock and grain in the Riverina across properties between Deniliquin and Corowa and at Coreen.

Earlier this month The Weekly Times revealed Gina Rinehart’s Hancock Agriculture had expanded its landholdings in Central West NSW, following the acquisition of the 10,000ha Wongaboori Station near Dubbo, for $70 million-plus.