A RURAL New South Wales property was Ray White’s biggest sale under the hammer last week, with 4985 Great Western Highway in Glanmire selling for $7.1 million which was well above reserve.
A RURAL New South Wales property was Ray White’s biggest sale under the hammer last week, with 4985 Great Western Highway in Glanmire selling for $7.1 million which was well above reserve.
Ray White Emms Mooney rural sales specialist Peter Crampton said the 404.5ha ‘Kenda Park’ was a high-profile asset and enjoyed a prominent position, just 8kms from Bathurst.
“For a block that size being so close to town to be available really is rare and it came down to two parties that really wanted the property,” Mr Crampton said.
“There was strong enquiry throughout the campaign. We had in order of 40 email enquiries and about the same number of telephone enquiries resulting in 20 inspections of the property.”
‘Kenda Park’ was purchased by a husband and wife who had been living in the local area for years.
“Bathurst is really popular with local and Sydney buyers, and being just over the mountains, it’s perfectly placed for city and tranquility,” Mr Crampton said.
“We’ve also had some good recent summer rain so the property was looking great and presented well with good feed on it.”
Mr Crampton said top Ray White Rural agent Sam D’Arcy represented the buyers.
Kenda Park includes three houses, excellent equestrian facilities and extensive farming infrastructure.
Being approximately 95% arable, the property is suitable for lucerne or other fodder crop production, livestock fattening, breeding, or as a farm stay or B&B-style accommodation.
