Macquarie Radio boss quits Southern Highlands retreat

The boss of the Macquarie Radio network, Russell Tate, is quitting the Southern Highlands.

Given his business and family commitments sees him rarely at the Robertson weekender, Tate has his 47 hectare retreat Yarrawa Glen listed for sale.

Tate, who is based in a $4 million Mosman home, is also set to sell his neighbouring 44 hectare holding.

He spent $2.85 million on Yarrawa Glen in 2010 and followed it up a year later with the $1,639,250 purchase of the nearby acreage.

Listed with $3.5 million price hopes through McKillop Property agent Cameron McKillop, Yarrawa Glen is located adjacent to the national park.

The estate features a modern, four bedroom stone home and 11 paddocks.

The open plan living and dining spaces open to the wrap around verandahs that overlook the grounds that feature a solar heated swimming pool, tennis court and gazebo.

Tate, who has been at Macquarie Radio since 2009, is also a director at One Big Switch and Collin Foods Limited.

The prestige market in Robertson also comes with an offering from Crown Resorts boss John Alexander and his photographer wife Alice.

But the listing of their weekender, Possumwood, is only to upsize to another Robertson location.

Surrounded by Myles Baldwin gardens, Possumwood has five bedrooms, two bathrooms and a steam room.

Drew Lindsay agents Drew Lindsay and Karl Zabel have set a price guide of between $2.5 million and $2.75 million in conjunction with Ken Jacobs at Christie's International. 

The district's most recent sale was Royalla, the glamorous Robertson farm stay sold by former CEO of The Leading Edge market research firm Derek Leddie and his wife Nicole Lenord.

Having an initial $3.3 million guide in 2015, Derek and Nicole sold for $2.8 million.

They had spent $2.8 million in 2007 on the then neglected retreat.

The working 47 hectare cattle farm has been restored with three recently renovated dwellings, which can comfortably accommodate up to 16 people across 14 bedrooms. 

Set in a garden of trees aged over 100 years old and overlooking Pearsons Lane pastures, the land at Royalla comes with extensive dry-stone walls, large trees, paddocks, a creek and a dam, as well as 200 species of plant life.

This article first appeared in The Sunday Telegraph.

Royalla has been a popular choice for wedding ceremonies, grossing up to $80,000 a year from its visitors.