FOR SALE
Expression of Interest – Price Guide $3,700,000

1041 Balladoran Railway Road
Gilgandra NSW 2827

Bedrooms: 5
Bathrooms: 1
Car spaces: 2
Land area: 855.5ha
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Quality Mixed Farming Asset

LAWD is pleased to present for sale Astermead (the Property), a highly productive and well-appointed mixed farming property situated in the tightly held district of Gilgandra, within the Central West Slopes and Plains of New South Wales.
Key Investment Highlights include
Scale
Encompassing three titles totaling 855.5* hectares (2,113.9* acres)
Opportunity
Current season crops included in the sale comprise 45* hectares faba beans, 140* hectares of barley, 26* hectares of oats & 42* hectares of oats under sown with lucerne. Additionally established lucerne, clover and native grasses provide a body of feed.
Rainfall and Water
The water security of the Property is a feature, being from multiple sources including a network of 20* surface dams with large catchments, creek frontage to Marthaguy Creek, rainwater storage for the homestead and a 240-volt equipped underground bore. Average annual rainfall of 566* millimetres.
Soils
Good balance of soil types offering a mixture of black to grey self-mulching soils and red loams. Cropping and grazing rotations have been implemented for diverse income streams and soil improvement with crop areas ranging from 50%* to 78%* of the Property, previous cropping rotations have included wheat, barley, oats, faba beans and chickpeas. Fertiliser history has been consistent with 40* kilogram Urea and 60* kilogram MAP applied to all cereal crops.
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Property Details for 1041 Balladoran Railway Rd, Gilgandra

Building Type
Rural
Land Size
855.5ha

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About Gilgandra 2827

The size of Gilgandra is approximately 656.5 square kilometres. It has 18 parks covering nearly 0.5% of total area. The population of Gilgandra in 2011 was 3,144 people. By 2016 the population was 3,127 showing a population decline of 0.5% in the area during that time. The predominant age group in Gilgandra is 50-59 years. Households in Gilgandra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gilgandra work in a community and personal service occupation. In 2011, 65.4% of the homes in Gilgandra were owner-occupied compared with 64.1% in 2016.

Gilgandra has 1,873 properties.

    There are currently 2 properties listed for sale, and 1 property listed for rent in Gilgandra on OnTheHouse. According to CoreLogic's data, 82 properties were sold in the past 12 months in Gilgandra.

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