340 Old Winton Road

Tamworth NSW 2340

0 m²

71.22 ha.

Rural

Currently for sale - view listing

Overview

Diverse Income Streams with Reliable Irrigation

Positioned in the tightly held Winton district just west of Tamworth only 8 mins from Tamworth Airport and 10 mins from Tamworth Saleyards. 'Tangaratta' presents a rare opportunity to secure a productive 73.34 hectare (188 acre) brand new irrigation property offering immediate returns from multiple income streams. Combining approximately 67 hectares (165 acres) of irrigated cropping, extensive new water infrastructure, a newly established oat crop with immediate returns + significant ongoing production potential or excellent cattle fattening & finishing block together with existing lease to "Tangaratta Function Centre" returning $72,000 pa (+ GST) + Outgoings. This is a versatile rural investment with significant cropping production, cattle fattening & finishing, commercial and future lifestyle potential with income of up to approx $400,000 pa*. Property Features: • 73.34 Ha (188 acres) of rich fertile red basalt solis • Located in the highly regarded Winton district, just 17km west of Tamworth • Sealed road frontage and new driveway • Approx. 67 Ha (165 acres) under irrigation • Newly planted oat crop with no further input costs required • Estimated production of approximately 2,200 large bales of premium oaten hay • Three bores with new pumps drawing from the reliable Peel Fractured Rock Aquifer • 158ML Irrigation Water Licence (current year full entitlement available) • Re-conditioned Diesel-equipped irrigation pump • Large re-furbished 7 megalitre dam • Approx. 880m of new 6” and over 1km of new 4” underground PVC and new irrigation mains • Brand new fencing throughout the property • Brand new steel cattle yards with crush and race • Refurbished machinery shed • Leased "Tangaratta Function Centre" returning $72,000 + Outgoings (+ GST) per annum with further Option including: - Large air-conditioned function marquee - Original cottage converted to reception building with full commercial kitchen and bar facilities • Historic 110 year old Timber Chapel with potential for boutique accommodation, weekender or B&B conversion (STCA) • Outstanding opportunity combining agricultural production, passive commercial income and future value-add potential with brand new infrastructure with absolutely nothing to spend * Note: Based on information provided by vendor and vendor's professional consultant