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Forbes Phoenix

Home » Flagship Properties Sold

Flagship Properties Sold

January 28, 2022 By Maggi Barnard

Glenorie and Dorset – two highly versatile and complimentary, mixed irrigation farms located in the heart of the Lachlan Valley are officially sold. Johnston Rural Group recently announced the successful sale and settlement of the Jemalong properties.

Comprising a combined total of 495.7* hectares (1,224* acres) of productive farming and grazing country, the sale also included 1,250 MgL of ground and surface water. Located on the western side of the Jemalong Range, the holdings are ideally situated 29 kilometres west of the historic township of Forbes and just 21 km from the Newell Highway. The non-contiguous properties were sold ‘as a whole’ as the result of a successful Expressions of Interest campaign that concluded in late September.

Forbes based rural property specialists Johnston Rural Group handled the sale with licensee in charge Gary Johnston stating that “the properties generated a significant level of interest for the Forbes area with enquiries coming from local operators, graziers from western and southern parts of the state, city-based investors and corporates.”

Whilst the sale price remains confidential, Gary advises the properties were transacted prior to Christmas, and bought by the Le Lievre Family (Yathonga Station) from Louth in North-Western NSW.

Filed Under: Articles, General Interest, Our Community, Real Estate

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