Auction of "drought-proof" Gooloogong cropping property set for March
Kara, a "drought-proof" cropping property in Gooloogong, NSW is going to auction in March with Ray White Emms Mooney agent Josh Keefe.
Local and international buyers are expected to bid for the property listed by the Scammell family.
They have owned Kara for the past 23 years, with the property currently run by three brothers.
Located in the irrigation belt between Cowra, Forbes and Canowindra, its positioning offers some of the district's highest quality red-brown loam to self-mulching clay soils, said Keefe.
The 250 hectare irrigation farm at 130 McInnis Lane, Gooloogong will go to auction on March 8 in Bathurst.
Keefe said Kara was a "desirable high-security water purchase".
It has six centre pivot irrigation sites, a 672 megalitre ground water licence in one of the most desirable groundwater zones, 2.6 kilometre frontage to the Goonigal Creek and an excellent stock and domestic bore reticulated throughout for stock.
A new high performance bore connects via a mainline and three phase power to the 6 x 70.7ac, remotely operated, centre pivots meaning the new owners can operate the property offsite, via their mobile phones.
The farm is 100% arable and suited to vegetable, lucerne, cereal, oil seed and pulse production, Keefe said.
Kara is currently used as an ideal feed factory to fatten prime lambs.
The property will be sold with the current crops, which will be farmed until the sale and include irrigated lucerne and irrigated sorghum.
All working improvements present in very good condition, including three large hay sheds, one large machinery shed, 70 tonne grain storage, a two-stand shearing shed and steel sheep yards for around 2,000 head as well as basic working, steel cattle yards with a loading ramp, Keefe said.
The dwelling onsite is a basic cottage, run on rain water, that currently provides a rental income for the owners.
Discerning agricultural purchasers are honing their sights on the Cowra and Forbes shire councils, particularly the arable pockets.
According to NSW Valuer General, there has been a 26% increase in rural land values year on year in this area with continuing strong demand for broad acre rural properties on the back of strong commodity prices and increased investor demand, coupled with a shortage of supply.