One of the region’s most prestigious properties is on the market for the third time in 150 years and will set buyers back $30 million.
Regarded as one of Australia’s outstanding rural properties, Bundarbo Station on the banks of the Murrumbidgee River near Jugiong was owned by the late television executive Sam Chisholm and his wife Sue.
Buyers are tipped to be a range of domestic and overseas-based investors as the sale price is expected at about $30 million.
The farm will be sold on a walk-in, walk-out basis through Meares & Associates Sydney agent Chris Meares.
“The sale of Bundarbo will create huge interest both here in Australia and overseas,” Mr Meares said.
“There is arguably no other property with the unique features of Bundarbo with its magnificent homestead and guest complex, nationally recognised gardens and a working property with size, scale and reputation – producing approximately 1000 plus cattle for sale annually.
“Bundarbo will be offered for sale as a “walk in, walk out” working farm, including excellent operating improvements, a fine Angus-breeding herd and an extremely competent management team in place – if one wishes to purchase in this way.”
This magnificent rural property set just under 6000 acres, at 5918 acres, has a four kilometre frontage to the Murrumbidgee River and 50 acres of landscaped gardens fronting the river.
The next buyers will only be the third owners since its pioneer settlement in 1847 by the Osborne pastoral family, who sold it to the Chisholm’s about 150 years later, in 1995.
The sale of large grazing properties near Wagga and the Riverina have demonstrated that the rural market remains strong amid the drought conditions.
The property, which is located only 15 kilometres from Jugiong, is a three-and-a-half hour drive to Sydney, offering a fully renovated homestead mixing both formal and informal spaces, including four bedrooms, three bathrooms, a commercial kitchen and a staff wing.
There are also two, three-bedroom guest houses, a swimming pool, three staff houses and a five-bedroom shearer’s quarters.
The old coach house was transformed from its original use to now the informal meeting spot on the property, known as ‘The Pub’, with a bar, jukebox and large TV screen, commercial kitchen and extended entertaining area in the forecourt that can seat 80 to 100 people.
Mr Meares said despite the price tag, this property will seek strong interest as there is high demand for rural aspects.
“Supply for these large grazing properties and prestige is very limited and this is a farm which is running over 1000 breeding cows which is producing a profitable basis,” he said.
Bundarbo provides a wonderful mix of the ultimate in country living, a very well managed and highly productive farm - all steeped deeply in the history of rural Australia.