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Media Release 13 March 2024

Armidale grazing aggregation offers potential for wind turbine income

A productive 4,468ha parcel of five grazing properties with potential to host nine wind turbines as part of the New England Renewable Energy Zone (REZ) has been brought to market by LAWD with expectations of considerable interest from a diverse buyer pool.

The Runnymede Aggregation at Yarrowyck consists of Runnymede, Eureka South, Trida, Stonebrook and Sand Creek, all on separate titles but run as one holding, with infrastructure including laneways and yards strategically designed for efficient livestock management.

Situated on the western edge of the renowned Armidale district in the northern tablelands of New South Wales, the aggregation lies in a region identified by the NSW Government as an optimal location to generate renewable energy following a detailed statewide geospatial mapping exercise in 2018. It also sits adjacent to another 1335ha for sale which has an application lodged for nine wind turbines.

LAWD Director, George Barton, said Runnymede offers a unique opportunity to secure an exceptional grazing enterprise with the benefit of additional income from renewable energy development.

“To have this scale of property in the New England is rare and the aggregation features a good mix of land class as well as purpose-built infrastructure for both cattle and sheep – which is increasingly hard to find,” Mr Barton said.

“There is an application for nine wind turbines awaiting approval, and the potential to acquire another nine turbines by purchasing the adjacent property that is also for sale, so there are potentially some very good long-term returns to be had from diverse income streams.”

The Runnymede Aggregation has an annual rainfall of 790mm and an estimated carrying capacity of 20,000 DSE, and currently operates as a cattle and sheep trading enterprise.

A large modern steel woolshed servicing the properties features nine stands, three-phase power, an adjacent all-weather shed with 1800-head capacity, and a 280,000 litre water tank. The current Merino flock cut an average of 4kg of 17-micron wool in 2023.

Stock water is provided by double frontages to several semi-permanent or seasonal creeks and gullies including Haylocks Creek, Cachs Creek, Sandy Creek, Pretty Gully, Spring Gully and Spring Creek. There are 70 permanent and semi-permanent catchment and spring-fed dams providing surface water.

The Runnymede Aggregation has one stock and domestic 3,600L/hr bore equipped with a mains electric submersible pump. Water is distributed to four 22,500 litre supply tanks and reticulated via poly pipe to a network of nine concrete troughs and two homes.

The property ranges in topography from creek flats rising through to arable undulating land, reaching 1,205 metres above sea level along the southern boundary. More than 100km of upgraded and new fencing has been added in the past 20 years.

In 2023, 364ha of improved pasture species including Serradella, Premier Digit Grass, Rhodes Grass and Arrowleaf Clover was sown alongside 160ha of forage sorghum, complementing the native pastures that include Red Grass, Wallaby Grass, Microlaena and Clover.

Residences include a four-bedroom home and a renovated three-bedroom cottage on Trida, and a one-bedroom cottage and two flats with two bedrooms each on Runnymede, providing living options and potential rental income for the new owners.

The aggregation is 468km from the Sydney CBD and within easy reach of livestock selling centres and processing facilities at Armidale, Tamworth and Inverell.

The Runnymede aggregation is for Sale by Expression of Interest closing 12pm (AEST) Tuesday 23 April 2024. For further information, please contact George Barton, Director,
+61 473 613 332 or Daniel McCulloch, Senior Director, +61 429 613 332.

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