Investors are constantly told they need to diversify their portfolios — so could this rare opportunity be for you?
A 13,460-acre estate on Middle Creek Road, Merriwa in the upper Hunter region of New South Wales “combines scale, production, soils and water” and is “highly regarded for its rich productive soils and reliable rainfall, due to the close proximity of the Liverpool range; making it a prized amalgamated blue-ribbon cattle station”, according to selling agents Colliers International.
The farm, known as Faversham, has an existing management team living on the properties who can provide the knowledge and continued daily operation for absentee ownership or first time investors, Richard Royle of Colliers said.
“The property currently operates as a Wagyu enterprise with Angus cows joined to Wagyu bulls producing F1 (first-cross) wagyu calves. The business model is then to sell the F1 wagyu weaners with average weights in the vicinity of 300-plus kilograms live weight. Current prices for F1 wagyu weaners have been far superior to other breeds, which has underpinned the success of the company,” Mr Royle said.
Current estimated carrying capacity is 1,200 to 1,500 breeders plus progeny. There is also the ability to run a mixed operation of both cattle and sheep with existing infrastructure in place for both.
Mr Royle said the estate, which is a three and a half hour journey from Sydney via the new Hunter expressway, has huge potential.
“Surrounded by stunning landscapes, famous horse studs and rich farming land, the region benefits from a growing economy and easy access to livestock markets and processors,” he said.
Accommodation onsite includes four main houses plus two separate cottages for paying guests and other ventures. There is also a six-room shearer’s quarters with its own kitchen.
Improvements on the aggregation include: six stand and two stand woolsheds, three sets of cattle yards, two sheep yards, two silos and five machinery sheds. There has also been a long history of pasture improvement and fertiliser application with approximately 250 acres currently under oats and barley for finishing livestock.
The estate is for sale via Expressions of Interest through Colliers International, closing 5pm on 27 September.
