Blackwood Park — a substantial farming and cropping property about 30km north-east of Deniliquin — has sold by expression of interest.
Sold by agency Pat Rice & Hawkins, the property went for an undisclosed price which was significantly beyond the agency’s indicative sale expectation in the region of $4.5million.
Selling agent Matt Childs, of Pat Rice & Hawkins, said the purchaser had also secured the irrigation water rights attached to the property, significantly adding to the sale value.
‘‘At the closing of the expressions of interest we had seven parties willing to purchase Blackwood Park and the successful purchaser is an established cotton grower with a major holding at Narrabri in NSW,’’ Mr Childs said..
‘‘My understanding is that with some further development, this important southern Riverina district holding will be converted to cotton production.’’
The total land area of 3416ha, with double frontages to Forest Creek, was offered on behalf of Robert Landale, and the property’s sale concludes five generations of family ownership.
The property was offered with significant modern farm infrastructure including a large grain shed, two machinery sheds, a workshop, 700tonnes of on-farm silo storage, a set of steel cattle yards and a new set of steel sheep yards.