26,000 ACRE GRAZING PROPERTY, LIGHTNING RIDGE, NORTH WEST NSW
LOCATION / AREA
Lightning Ridge near Walgett and Dirranbandi, NSW
PROPERTY TYPE / SIZE
A 25,680 acre (10,392 hectare) grazing property with good infrastructure including income from mining leases and operations
2300000 approx i.e. $90 per acre approximately
‘Muttabun’ is a large rural landholding ideal for grazing cattle or sheep. It has substantial passive income from mining leases and operations. Other income currently comes from agistment of cattle. There are 8 main paddocks off various sizes.
Predominantly 4 plain and 2 barbed high tensile, plus 24km of hinged joint (ring back) with barb. Also approximately 20km of older fencing. Most of the fencing is relatively new.
5,500 hectares sandy loom ridges
1,600 hectares gravel ridges
2,500 hectares chocolate / black soil
800 hectares cane grass lake bed country
Mulga, Pine, Gidgee, Ironwood, Coolabah, Silver Leaf Ironbark
Steel yards with excellent size, flow and capacity
3 sets of sheep yards
HOUSES / COTTAGES
This a 29 square fibro, 4 bedroom 1950’s farm house with a car shed (garage). It is very liveable and ideal for a family. It has ample water for home and gardens.
Located near the main house approximately 17 squares. All conveniences and rural power connected. Excellent water supply.
An Australian cottage of 19 squares. Good water supply from artesian bore. Wired for home generator. This is approximately 10 km from the main house.
Mining Leases Operation:
This operation produces income from leased facilities to opal miners. Three bores supply ample water for use in agitator by opal mining clients. Part of the income is tax free being a compensative element. Annual rents are in place for these services. This utilises up to 200 acres of the property and does not affect the grazing operations.
‘Muttabun’ is a very unique property with exceptionally good income. It is an ideal family farm with potential to be a real show piece. This is a rare opportunity to buy a large rural property showing an excellent return on investment.