Katakeera a well-established and productive farming property in the tightly held Humula district within the City of Wagga Wagga local government area will be auctioned by Ruralco Property at the Mantra Pavilion Hotel in Wagga Wagga on Friday 18 November at 11 am.
Katakeera comprises a freehold area of 541 hectares (or 1,339 acres) at 301 Shokeroo Road which is currently run as a sheep and cattle operation although a successful cropping program of triticale has been conducted previously.
The auction sale is part of a planned retirement.
The vendors bought the property, after long previous family ownership and moved onto the holding about fourteen years ago.
They relocated from Sydney with a plan to farm for fifteen years and then move on to a new life stage.
Vendor Steve Mead has also worked recently on a five day a week basis in Canberra which is about two and a quarter hours distant.
“We have attended to all the farming basics and with my outside work commitment we set the property up, as far as possible, to pretty much run itself.
“There are excellent water resources with about fifteen on-farm dams of scale, two reliable running creek frontages, the Shockeroo and Campbell Creeks.
“Our pastures have been well managed and we have made significant investment in good farming infrastructure like additional dams, new yards, fences and livestock water trough systems”.
He says the farming infrastructure includes a modern three stand raised board shearing shed, multiple grain or feed silos, machinery sheds cattle yards with vet crush and Prattley sheep yards.
Fencing, both boundary and internal, is mostly new (less than two years old) to a good standard.
At the moment the property is running 600 Merino ewes and their first cross lambs, plus about 150 head of Angus breeding cows and their calves so it’s the sort of holding that is capable of yielding a good living.
With a mix of good rolling country plus some steeper sections it is the substantial four/five-bedroom house that is one of the features
It is believed to be about fifty years old and constructed from concrete block.
It enjoys an elevated position affording excellent district views.
Recently it has been modernised for comfortable and efficient living year round and has the added bonus of a solar-heated in-ground swimming pool adjoining, so it is perfect for relaxing and entertaining and ideal for a family.
Accessibility is another feature as the Hume Freeway is only about 35 kms distant and can be joined at Tarcutta or Holbrook.
The historic village of Humula is about eight kilometres away.
Good local services and community facilities can be accessed at Tumbarumba forty minutes away, Wagga Wagga in about fifty minutes, or for major requirements Albury is 70 minutes distant in travel times.
Local land values for comparative types of farm and land holdings suggest a sale price in the $1.5 to $1.65 million range.
“Productive soils and a 700 mm annual average rainfall offers security with significant upsides available for further development of the pastures and potential production.
“Also here is an opportunity for a buyer interested in getting into a holding in a good area where a lot of the physical improvement works have already been completed so Katakeera affords such an investment”.
Further property information and auction details on Katakeera in the Humula district can be obtained on request to the Ruralco Property Wagga Wagga office on 02 6921 1700 or their selling agent Dan O’Brien on 0448 709 211.