Ray White Rural agents Chris Malone and Josh Keefe have recently successfully marketed and sold "Neringah" near Boorowa for $6.65 million.
Interestingly "Neringah" a 875 hectare property was home to the Williams family, the "first family" of Portaloos.
Marketed as a mixed opportunity property, the auction campaign attracted some 45 individual inspections with high interest especially in the first three weeks of marketing, (during COVID) and saw 13 registered auction bidders, along with some 82 spectators tune into the online auction conducted by Jason Andrew.
Bidding started at $5 million and concluded after 14 bids at $6.65 million under the hammer.
Both agents said the result was no surprise after the strong interest in the property after a broad and excellent marketing campaign, and believe the results prove there is still plenty of confidence in the marketplace.
After a 100% clearance rate over the weekend across the Ray White Rural Network, CEO Stephen Nell says to those considering selling "there is no evidence to put that decision off".
Agent Josh Keefe mentioned, "following strong inquiry throughout our marketing campaign for Neringah we have many purchasers that have missed out and are eager to be kept informed of upcoming rural properties in the district for mixed farming and grazing properties".
Following strong inquiry throughout our marketing campaign for Neringah we have many purchasers that have missed out and are eager to be kept informed of upcoming rural propertiesJosh Keefe
Described as a neo-colonial Georgian-style mansion surrounded by architect-designed landscaped gardens "Neringah" is certainly something away from the ordinary in the long-settled Frogmore district.
The property is an aggregation of three adjoining properties purchased in 2000, and extensively developed into an efficient, integrated whole over the ensuing 20 years.
Neringah is located on undulating to hilly land of mostly gently rolling pasture country.
Soils range from loamy red basalt in the east to granite further west, with about 240ha of previous cultivation country (on which a 20ha crop of oats was recently planted) and scope for more.
Pastures are a mix of native species (including microlaena, red grass and prairie grass) and introduced phalaris, ryegrass, clovers and lucerne, aerially topdressed as required.