The expansive and versatile Roseneath farm in Leeton, in the Murrumbidgee Irrigation Area of the Riverina region of New South Wales, has been listed for sale by the Tabain family.
The property comes to market after four decades of continuous ownership focusing on grain production, storage and transportation, with Matt, Jon and Mark Tabain having built a successful business from the work of their parents Jim and Sandra Tabain.
Located 5km from the township of Leeton and 66km from Griffith, Roseneath spans 2,483ha, of which 2,383ha (96%) is arable farmland and 971ha (39%) currently irrigated with flood and/or centre-pivot irrigation systems in place.
The gently sloping acreage is underpinned by red loam and red sandy-loam topsoils over clay subsoils, while the property has direct frontage to the Murrumbidgee Irrigation Main Canal at Leeton, with an annual irrigation entitlement of 2,493Ml.
CBRE’s Boo Harvey, Matt Childs and David Goodfellow have been appointed to manage the sale campaign, with Expressions of Interest due before 4:00pm AEST on May 12, 2022.
“Rarely are properties of this scale and calibre offered for sale within the Riverina region,” Ms Harvey said.
“A key feature of Roseneath is the broad range of enterprises the property can support. Beyond its existing grain and livestock facilities, there is the scope for further development to produce permanent crops of nuts, fruit and/or vegetables. The opportunities are amazing.
“That is all complemented by the farm’s proximity to the region’s grain and horticultural packaging and processing facilities.”
Roseneath has a proven track record of growing dryland and irrigated winter crops such as wheat, barley, canola, vetch and lupins as well as irrigated summer crops such as rice and maize.
The farming operations are supported by Roseneath’s 40,000-tonne grain storage and handling facility, which spans nearly 11,000sqm, and is accompanied by grain silos, a grain dryer and a registered weighbridge with bitumen-road access suitable for B-double transportation.
The farm has also produced vast numbers of high-quality sheep, and broke the national per-head sale price for prime lambs in a Griffith auction in 2018. To support the livestock business, Roseneath boasts comprehensive livestock handling and feeding facilities.
The property also has three substantial brick homesteads, with the original 1963 dwelling complemented by two modern homes, built in 2010 and 2012.
“This opportunity will suit a savvy investor wanting to take advantage of a proven, highly-productive asset with huge scope for further development and land use change”, said Ms Harvey.
“We’re looking forward to showing it to as many people as possible.”
Source: CBRE Group