RURAL
‘ WELBON ’ DOLGELLY ROAD , GARAH , NSW
‘ SALTBUSH AG ’ NORTH BOOBOROWIE , SA
$ 33 million Sold by Ed Wisemantel of Ray White Rural Moree
Local grower Andrew Yates purchased Welbon , located at 496 Dolgelly Rd , Garah , from the Carrigan family who have relinquished their 100-year tenure at the property . Five bidders registered for the auction , with three active bidders driving the value from its opening bid of $ 18 million up to the winning bid of $ 33 million , or almost $ 7,000 a hectare . Mr Yates is the son of the late Australian grain grower and wellknown Garah identity Bill Yates , who passed away in 2017 .
The Yates family has extensive farming interests in northern NSW with history dating back to Andrew ’ s great-grandfather William , who began farming at the Garah family property in 1899 .
$ 33 million Sold by Dan Schell and Geoff Schell of Ray White Rural SA
The 2852 hectare ' Saltbush Ag ' aggregation at Booborowie and Leighton in South Australia was split up and sold for in excess of $ 33 million to five local buyers . Ray White Rural South Australia principals Geoff Schell and Daniel Schell marketed the aggregation for the Handbury family who had made the decision to divest their farming assets in the Mid North to focus on their enterprise in South Australia ’ s south-east . The aggregation consisted of six properties which were sold to five familyfarming businesses all based in the Mid North .
“ We had strong interest from all over the country , with more than 100 enquiries during the marketing campaign ,” Geoff Schell said . Mr Schell conducted around 20 inspections and had received 19 written expressions of interest to purchase .
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