News

Historic property 'Springbank' for sale through Inglis Rural Property

21st Jul 2022

Inglis Rural Property is pleased to exclusively present Springbank, a large-scale holding totalling 1,654* hectares (4,088* acres) of productive farming and grazing country in the highly regarded Southern Tablelands region of New South Wales.

Springbank is steeped in history, being offered to the market for the first time in 44 years.

Springbank is being offered for sale on behalf of The Norman Family via an Online Auction on Wednesday 24th August 2022 at 10am via AuctionsPlus.

Springbank was purchased by the late David Norman in the 1970’s. Even though his main business life was in the establishment and development of the consulting engineering company Norman Disney and Young, he always retained his love of the land, having grown up in the sheep/wheat belt of Beverley, Western Australia.

Over the years he nurtured the land to ensure the high productivity and quality presentation that Springbank possesses today.

This was achieved through adopting biological farming methods in the last 10 plus years, embarking on a soil improvement program to fine tune the optimal chemical balance in the soil

This included various applications to the land including compost mineral blend, single super, MAP as well as a strong lime history.

These inputs all contributing to the soils organic matter with the primary objective of increasing production in a sustainable manner.

Versatile and dynamic, the Property offers an excellent livestock breeding platform suitable for wool, prime lambs and beef production.

Conservatively estimated to carry 13,500* DSE with further upside.

Approximately 200* hectares (500* acres) is currently cropped and 770* hectares (1,900* acres) is sown down to permanent pastures.

The Property is primarily operated as a prime lamb factory running LAMBPRO PRIMELINE composite ewes with a focus on leading carcass traits and cutting-edge maternal traits.

Agistment cattle are opportunistically also carried on-farm to bolster cash-flow.

A full spectrum of working improvements including a 5-stand shearing shed, combined hay/machinery shed, workshop, steel cattle yards and 2 x sheep yards and 5 x silos.

Springbank possesses an ideal balance of operational infrastructure allowing ease of management.

Accommodation consists of a comfortable four-bedroom homestead with multiple living areas and two additional residences offering four bedrooms and two bedrooms respectively.

Springbank is only 21* kilometres from Yass township, 87* kilometres from Canberra and 299* kilometres from Sydney. Easily accessed from the Hume Highway and Lachlan Valley Way.

Water is a feature of Springbank, with a fail-safe water system offering multiple natural water resources including a network of 35 catchment and spring-fed dams, Boorowa River frontage, double frontage to Reedy Creek and single frontage Crosby Creek, both providing permanent water holes.

There are also 2 stock and domestic bores, one equipped with solar power.

Sam Triggs, Inglis Rural Property CEO

"Springbank offers an arable grazing and livestock operation with a strong pasture platform. Boasting attractive economies of scale, outstanding soil health and proximity to Yass, Southern Eastern Livestock Exchange (SELX) and the Hume Highway, the Property is of the highest calibre. Under current management, investment has focused on ease of management and increasing production through sustainable methods.''

Liam Griffiths, Inglis Rural Property Sales Consultant

"One of the largest pastoral and cropping enterprises to be offered to the market in the well-regarded Southern Tablelands in recent times. Springbank is a highly scenic and productive holding offering an excellent livestock breeding platform with a great balance of cropping, perennial and native pastures.''

Sale Details

Springbank is offered For Sale via Online Auction at 10.00am AEST on Wednesday 24th August, 2022 via AuctionsPlus.com.au.

Inspections are available strictly by appointment only.

Price Guide

$23.0m - $25.0m

For further details, please contact the listing agents:

INGLIS RURAL PROPERTY

SAM TRIGGS - 0410 683 891 sam.triggs@inglis.com.au

LIAM GRIFFITHS – 0427 474 900 liam.griffiths@inglis.com.au