Historic Property Offered For Sale For First Time Since 1861

NSW Rural Property For Sale Ideal For Sheep Or Cattle Stud

This is a rare opportunity to secure an historic Australian rural property which has been tightly held in the same family for five generations.

Located approximately 22km north-west of Young in the Thuddungra locality, two hours’ from Canberra and four hours’ from Sydney, ‘Greenbank’ is a picturesque 1,333.5-acre (540-hectare) mixed farming property for sale for the first time since the 1860s.

The property was first purchased in 1861 by Steel Caldwell, an early pioneer of the Bland region west of the Weddin Mountains. Steel’s daughter, Agnes Barbara Murray Caldwell, married John Carlton Watson in 1877, and the Watson family have held ‘Greenbank’ for four generations since.

This rural property for sale Young NSW is a rare opportunity to secure an historic holding held by the same family for five generations

‘Greenbank’ is situated in the South Western Slopes region of New South Wales, an area known for its reliability of rainfall and strong red soils, making it one of the most productive farming areas in the state.

The property, which is currently leased by a family member, has been run as part of a larger cropping and livestock operation. Crops grown over the years include canola, wheat and barley alongside a merino livestock enterprise.

The country is flat to gently undulating and the timber is predominately Yellow Box.

This rural property for sale Young NSW has been run as part of a larger cropping and livestock operation including canola, wheat and barley

Sub-divided into 13 main paddocks, ‘Greenbank’ is an ideal location for a sheep or cattle stud, with main road frontage, good shade for livestock, reliable water and extensive support infrastructure.

The property boasts well-maintained fencing and access roads, a large, historic, 16-stand wool shed converted from a hay shed in the early 1900s, two hay/machinery sheds constructed of steel and corrugated iron, four garages (three timber, one steel), and original stables comprising workshops and other storage areas.

There are also original shearers’ quarters (built in the 1880s), partially collapsed, and a separate shearers’ quarters accommodation in need of repair. An original small slab hut, built from timber and corrugated iron, and used as a workers’ cottage, has been partially repaired and ripe for restoration.

This rural property for sale Young NSW boasts good shade for livestock, reliable water and extensive support infrastructure

Water infrastructure includes a bore, multiple dams with good, natural catchment, Bribbaree Creek which runs through the property, and a large underground concrete tank that supplies water to the homestead.

In the process of being lovingly restored to its original glory, the historic ‘Greenbank’ homestead was built and completed in 1888. It is of Victorian Georgian-era, Australian-style architecture.

With huge potential to be fully restored or modernised, the home is constructed of pisé (rammed earth) walls with lime plaster rendering, imported and local hard and soft timbers, and locally manufactured corrugated iron roofing sheets.

This rural property for sale Young NSW features the historic ‘Greenbank’ homestead, built in the Victorian Georgian-era of 1888

Recent upgrades include an entirely new electrical system, restoration and repainting of corrugated iron roofing sheets, upgraded guttering and downpipes, repair of timber veranda flooring and wrought-iron posts, and repair and replastering of external and internal walls. Underground electricity supply to the homestead and other buildings has also been upgraded.

The homestead features hard timber double front entrance doors surrounded by decorative hand-painted window panes, high ornate timber ceilings, timber flooring, imported Italian marble and hand-painted tile fireplaces, hard timber doors and window frames, high timber picture rails, and a covered veranda encircling the entire building. Other

It boasts five generously-sized bedrooms, two with open fireplaces, external bathroom and toilet, formal dining and lounge rooms with open fireplaces, kitchen and laundry (updated in the 1950s), pantry and internal and external storerooms.

The homestead on this rural property for sale Young NSW presents huge potential to be fully restored to its former glory

A separate weatherboard building, which originally featured a maid’s bedroom, store/box room, milk room, meat room and office, is now a partially renovated and repaired self-contained cottage, with two adjoining but separate bedrooms, bathroom, kitchen and lounge/sitting room.

Agent Angus McLaren of Miller & James Real Estate says while the term “tightly held” is thrown around from time to time when marketing rural properties, in the case of ‘Greenbank’, which has been held by the vendor’s family for 163 years, surely this phrase is appropriate.

“The sale of ‘Greenbank’ offers the opportunity for the successful purchaser/s to buy a piece of Australian history,” he says.

This rural property for sale Young NSW boasts five bedrooms, two with fireplaces, and formal dining and lounge rooms with fireplaces

‘Greenbank’ is offered for sale through a two-stage Expression of Interest process. The first stage will run until 10:00am on Wednesday, October 16, and will seek non-binding offers from interested parties.

Stage two will be a period of price discovery and negotiation between the vendor and interested parties, with the aim of acceptance of a fully binding offer by the vendor. The vendor reserves the right to accept an early offer.

Click on the following link for more information on this rural property for sale Young NSW at 2 Mines Road, Young, NSW.