Brindley Park could sell for $30m

27 Apr, 2015 06:55 AM
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The property covers more than 2000 hectares of productive farmland on the Merriwa River

A PALATIAL country estate, Brindley Park, at Merriwa in NSW, owned by Greg and Libby Moore, could be sold for as much as $30 million.

Mr Moore set up Pont Securities after the deregulation of the fixed-brokerage regime in 1984. The broking firm was taken over in 1997.

With rumours of Asian-backed investors looking for farm tourism properties sweeping the market following the sale of former Babcock & Brown Phil Green's Glenrock Station near Scone, Brindley Park is likely to attract some strong interest, despite having been offered for less in 2010.

The property covers more than 2000 hectares of productive farmland on the Merriwa River and is renowned for producing one of the best Merino stud flocks in the country. It has a historic woolshed with 110 restored shearing stands.

But the neo-Palladian manor house built of Indian sandstone with an underground cellar spanning the length of the house is the focal point. Landscaped gardens, tennis court, pool, library, six-bedroom guest lodge, and a summer house are part of the offering.

Colliers International's Richard Royle has been appointed to sell the property.

"I have already had a significant number of inquiries from overseas for this property," Mr Royle said.

"Currently a thriving sheep and lucerne cropping business, the productive soils and generous water allocation will enable a future increase in production as well," he said.

AFR
Date: Newest first | Oldest first

READER COMMENTS

Makka
28/04/2015 5:50:30 AM

Maybe a little over-capitalised?

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