Narromine NSW 2821

Land Agribusiness Water Development (LAWD) is pleased to invite offers for the Chatsbury (the Property), a premium turn-key irrigated cropping platform featuring full storage dams, 310* hectares pulled up and fertilised ready to plant cotton providing the incoming purchaser the opportunity for an immediate start.

Location
Located only 16* kilometres south-west of Narromine in a region renowned for diversification in production, from winter and summer cropping, sheep and cattle breeding and abundant ground water supply, combined with connectivity to the Macquarie River via the Narromine Irrigation Board of Management Scheme.

Scale
652.70* hectares, of which 410* hectares (63%*) is developed with lateral move irrigation, 84* hectares (13%*) developed to flood irrigation, 48* hectares (7%*) dryland farming with the balance being support land.

Soils
Highly desirable deep grey self-mulching loam soils, suitable for a cotton production.

Water
2,031* megalitres of ground water entitlements with 714* megalitres currently in storage. Current carryover water of 2,925* megalitres, provides for 3,639* megalitres being available this season. The Property also enjoys connectivity to Narromine Irrigation Board of Management Scheme water. Ground water is sourced through two bores with capacities of 20* and 25* megalitres per day. An additional bore has recently been drilled, however is unequipped. The flow rate for this bore is tested to 10* megalitres per day. A stock and domestic bore provides garden water, and is of potable quality.

Development
Chatsbury has been developed as an irrigated cropping powerhouse with a total of 10* fields ranging in size between 39* hectares to 70* hectares. Irrigation layout is highly efficient with minimal lifting to the storage and recycling of tail water.

Rainfall
Bureau of Meteorology records at Wyanga (Quambi) indicates a long-term average annual rainfall of 507* millimetres, with eight out of the last ten years above average.

Infrastructure
Well-appointed manager’s residence and machinery shed.

Immediate Access
Upon exchange of contracts the purchaser can have immediate access to commence planting of the cotton crop. The vendor has seed secured that would be made available, and the vendor has secured forward contracts that could also be transferred to the benefit of the purchaser.

A true turnkey opportunity, the storage is full as is the water account, 310* hectares is fertilised and ready for immediate planting, seed is available and part of this year’s crop can be forward sold, providing a walk up start to the incoming owner.

LAWD is inviting offers for the Chatsbury by single stage Expression of Interest (EOI) closing Thursday 30 September 2021 at 4pm (AEST).