GRAEME and Barbara Nimmo’s 5947 hectare (14,700 acre) Injune property New Merivale has sold under the hammer for $6.25 million in Roma this morning.
Comprising of 4800ha of freehold and 1147ha of forestry lease, the property was offered on a walk in, walk out basis with an estimated 800 adult cattle and some plant.
The property was bought by adjoining neighbours Drew and Eliza McLauchlan, South Westgrove, Injune.
New Merivale is estimated to carry about 700 breeders plus replacement heifers and 200 steers to feeder weights. It is described as undulating country with a mixture of brigalow and wilga with some box. About 1800ha has been blade ploughed.
Water is supplied from three bores, dams, and creeks. The average annual rainfall is 632mm. Merivale has experienced a good spring and early summer rain.
The property has new fencing along the northern boundary and parts of the western boundary. There are four internal paddocks, but all are described as being in need of repair.
Improvements include a three bedroom homestead, cottage, hay shed, shipping container, stables, stables, generator shed, and steel cattle yards capable of handling about 500 head.
The marketing of New Merivale was handled by Chris Todd and Duncan McLeod from MAA Livestock and Real Estate, Roma. Mr Todd said 19 inspections had been made of the property.