Terlings and Dundenoon, one of the best-known property aggregations in the renowned Golden Triangle region of northern New South Wales, are on the market after more than 120 years of ownership by the Hill family and descendants.
The two properties, situated three kilometres apart on the Newell Highway, 48km from Moree, present an opportunity to secure a 3,260-hectare, institutional-grade cropping and grazing enterprise with potential ecological offsets, extensive development and a legacy of outstanding agricultural production.
The 1,860ha Terlings and 1,400ha Dundenoon are being offered for sale as a whole or as separate assets by Private Treaty.
Given the scale of the properties their location LAWD Director, Tim Corcoran, said he expected to receive strong interest from the market.
“We anticipate these properties will generate interest from both institutional investors and expanding local farming enterprises due to its location in such a secure and productive cropping area,” Mr Corcoran said.
“There is also the potential to add significant extra value through the abundance of wildlife and biodiversity on these properties, given the ever-growing demand for carbon and biodiversity offsets.”
Steeped in history, the properties were initially acquired in 1902 by the parents of well-known rural industry figure and polo identity, Sinclair Hill, before being transferred through a combination of purchase and succession to his daughter, Carina Shannon and her husband, Ed.
In 1981, Mr Hill hosted his polo-playing friend King Charles III, then the Prince of Wales, at Terlings. The property features a remarkable seven-bedroom, three-bathroom Federation homestead set in magnificent grounds of sweeping lawns and mature trees, while Dundenoon homestead is a traditional four-bedroom Queenslander design.
The Aggregation has been significantly developed over recent years, transforming from a genuine mixed grazing and cropping enterprise to a large-scale dryland farming asset.
Soil types are a complementary mix of black, brown, and red self-mulching clay with 71% of the aggregation arable. This accommodates a proven winter and summer cropping rotation comprising barley, wheat, canola, sorghum and chickpeas, and the soils are also highly suited to dryland cotton production.
The Aggregation enjoys an average annual rainfall of 582.8mm. Water security is excellent and comes from multiple sources, including 15 surface dams, an artesian bore (Kiga Bore) and double frontage to the seasonal Nee Nee Creek, for a total of 5.5km on Terlings and 3.5km on Dundenoon.
Conservatively managed native pastures have been used for cattle grazing and agistment, historically supporting 150 cows or providing backgrounding options.
Terlings and Dundenoon both offer the potential for biodiversity offsets, with the Biodiversity Conservation Trust (BCT) identifying unique environmental habitats for koalas and the Glossy Black-Cockatoo in preliminary studies, and reporting sightings of the Painted Honey Eater and Five-clawed Worm-skink.
An area on Terlings comprising an approximate area of 945ha has been identified to contain the majority of the threatened species, and subdividing the environmental area to suit specific buyer requirements will be considered.
The Aggregation is well serviced by the township of Moree, offering daily flights and rail services to Sydney, and a diverse range of commercial, agricultural, educational and health agencies.
The Aggregation is within easy reach of key cropping services, including grain handling facilities at Croppa Creek, North Star, Moree and Goondiwindi and cotton gins at Moree and Goondiwindi.
Terlings and Dundenoon are offered as a whole, or as separate assets, by Private Treaty in conjunction with Moree Real Estate. For more information, contact LAWD Director, Tim Corcoran on +61 407 893 935.
