Wallendbeen property ‘Willows’ is expected to fetch up to $10 million during an auction on the farm next week.
Inglis Rural Property director Jamie Inglis said it was rare sale for the area and he expected significant interest from investors and other landholders.
Wallendbeen farmer John Holihan said property being available around district was rare.
“Land is really tightly held around Jindalee and Wallendbeen,” Mr Holihan said.
“There haven’t been that many opportunities to purchase land. The majority is owned by local families.”
Mr Holihan said his grandfather first arrived from Gunning in 1909 to start cropping.
When it came to the weather Mr Holihan said the area was traditionally seen as a “safe district” with around 22 to 24 inches (600 millimetres) of rain annually.
The auction of ‘Willows’ is set for 10am on Friday, December 15 and Mr Inglis said the property “would be sold”.
It’s currently owned by Southern Highlands’ based businessman James Mackenzie who bought it 11 years ago from a Sydney investor.
“Few properties in this area come on the market, particularly of this scale and quality,” Mr Inglis said.
He said the property was previously leased to Landmark but after the lease had come to an end, the owner had decided to sell.
“I’m confident that there will be strong interest with people who live within 100 kilometres,” Mr Inglis said.
The property is an aggregation of ‘Willows’ and ‘Cullinga Creek’, and was previously owned since early settlement by the local Bragg family as part of their Langrove Station.
The property has been used for crossbred ewes and an Angus breeding herd with capacity for around 1500 head of cattle.
As well as 10 kilometres of fenced laneways for cattle, the property has a four-bedroom house, Japanese-inspired garden, synthetic tennis court, a three bedroom cottage for farm staff.