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SOLD

8 Four Farms Lane, Southgate, NSW 2460

Sold at  $2,120,000Sold on February 24, 2020
 6
 2

Powerhouse feed production at Southgate

Drought-proof your grazing operation by securing this irrigated dairy farm just minutes from Grafton.
Held in the same family for four generations, “Grainger’s Dairy” is a local landmark at Southgate, a highly regarded area known for its fertile alluvial soils and strong production capabilities.
Boasting 246 acres across multiple titles, the property is a green oasis in a tough season with the irrigable pasture and cropping lots standing out as beacons of production.
A 174 ML irrigation licence from Alumy Creek allows consistent pasture and crop production year round.
The vendors state they previously milked 220 cows a day with dry cattle and replacements also carried on the block.
While the dairy operation ceased in 2017, the property has since been leased on a 3 year term to a Wagyu cattle breeder who runs a mixed herd of approximately 280 head including cows and replacements.
The existing lease yields a monthly rent of $11,250 (plus GST) and expires on Dec 31, 2022. All outgoings including electricity, water and council rates are also paid by the leasee under the terms of the agreement which will be made available to genuine enquirers.
The property in its entirety is formed by the aggregation of three properties in the immediate area with their own purposes and strengths.
A 45 acre flood-refuge paddock is located high and dry on the ridge at School Lane, just north of the homestead, with a separate alluvial grazing paddock of 53 acres located just south along Lawrence Road.
Both add security and scope to the home and dairy portions which are undoubtedly the jewels in the crown.
Deep kikuyu and paspalum pastures are rotated with forage crops under irrigation and the long history of intensive grazing is in evidence with the deep, nutritious hue of the grass.
Other non-irrigated pastures are made up of kikuyu and swamp couch and are well established across the balance of the flat country.
The hill paddock on School Lane is of a lighter soil type but provides an insurance option against a major flood in the Clarence River with its ability to safely hold cattle when the floodplain is covered by water.
The home is a six bedroom weatherboard house with wrap-around verandahs overlooking the lawn tennis court and grazing paddocks beyond.
Big enough for two families, the original house was extended with a new wing which included four more bedrooms a family bathroom and laundry with second shower and toilet.
High ceilings, natural cross ventilation and spacious rooms are all features.
In addition to the existing house, there are two extra building entitlements on the property and further details on these can be provided.
Quality farms are being snapped up across the Clarence Valley and this property fits in very well against comparable sales.
Please watch the video to get a good overview of the property and then make your interest known by booking your inspection today.

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General Features

Bathrooms: 2
Bedrooms: 6
Land Area: 100 ha
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