Generational property snapped up before auctionTYLA HARRINGTON August 22, 2014 3:11am
Iconic Wanganella property ‘Caroonboon’ has been sold before auction.
Selling agent James Sides, from Landmark Deniliquin, and former owner John Dickson confirmed the sale with the Pastoral Times yesterday.
The 30,000-hectare property was owned by Mr Dickson and his wife Jill.
Mr Dickson said he was ‘‘extremely happy’’ with the selling price.
He said it ‘‘exceeded expectations’’ but would not disclose the amount.
When the property first went on the market in July, Mr Sides told the Pastoral Times he expected it would sell for at least $11 million.
Mr Dickson said the property had sold to a Coonamble buyer.
The auction had been scheduled for September 19.
Mr Sides said the Dickson family were ‘‘pleased to have sold and trust that the owner will cherish the property in their family for a long and prosperous tenure’’.
He said a stock dispersal of one of Australia’s oldest bloodlines and clearing sale will follow in coming months.
‘‘I take this opportunity to thank each and every one for their interest in the property and for following its remarkable story,’’ he said.
‘‘A special thank you especially to those who took the time to inspect this wonderful property with the view of a potential acquisition.’’
Caroonboon, which is one of the most prestigious grazing properties in south-west Riverina and is located 20km west of Wanganella, was in the Dickson family for 153 years.
The property was managed by the John and Jill’s son, Jim.
Jim’s children were the family’s sixth generation to live at Caroonboon.
Caroonboon boasts a six-bedroom homestead, four-bedroom manager’s home and three cottages. It also features 47km of creek frontage.
Caroonboon has had a consistent carrying capacity of more than 15,000 grown sheep for the past 30 years and has recorded sheep sales of more than 18,000 head.
It also recently saw a $1 million investment in livestock watering points.
Caroonboon is the fourth iconic property in the region to be sold, after local properties Warbreccan, Booabula East and Booabula Station all sold earlier this year.
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