Former Woolworths chief executive Paul Simons has spent $6.5 million on the 3159-hectare sheep and cattle property, Glencoe, east of Young on the NSW Southern Tablelands.
Glencoe, which has the capacity to run 18,500 sheep, sold through Landmark Harcourts Capital's Colin Medway for the Coles family.
Paul Simons told the Australian Financial Review he expects he will run about 12,000 sheep at the Boorowa property.
There are two homesteads, Glenalban and Currawidgee.
Paul Simons already owns 1000-hectare property Euralie at Yass where he had breed superfine wool since the early 1980s.
