$4.5M
$791,296
Confidence
Medium
High
$300,000
Medium
$250,000
Low
$200,000
Confidence
Low
"Miller James proudly present to the market Rockview, an exceptional grazing property nestled in the Upper Murray region of NSW, offering a picturesque retreat just 4km northeast of the charming Murray River village of Jingellic. This is a rural living cattle production opportunity. Spanning across 514.77ha 1,272 acres of stunning cattle country, Rockview capitalises on the natural form of productive hills and three main valleys, with a blend of improved and native grasses, creating versatility with its creek flats suitable for planting fodder crops. Positioned to take full advantage of its easterly aspect, Rockview benefits from an average annual rainfall of 870mm 3435 inches, ensuring abundant water supply throughout the year. The property features 11 wellmaintained stock watering dams, as well as the reliable Horse Creek and two seasonal creeks, providing ample water supply all year round. Excellent infrastructure features Rockview, including modern Clipex cattle and sheep yards designed to accommodate approximately 300 head with ease. The yards feature a pneumatic crush on TruTest load bars, a convenient loading ramp, and allweather B Double truck access. The boundary and internal fencing are all in excellent condition. KEY INVESTMENT HIGHLIGHTS Historically renowned for supporting 250 cows and calves, making it suitable for breeding and backgrounding. Average annual rainfall of 870mm 3435 inches ensures reliability Clipex cattle and sheep yards with allweather B Double access. Abundant water sources, including Horse Creek, two seasonal creeks, and 11 maintained dams. There is 7 x 22,500L header tanks supplying 29 concrete water troughs. New machineryhay shed 16m x 12m x 6m and an 18T grain silo to streamline operations. A comfortable and modern threebedroom home, featuring a wood heater and reverse cycle AC for yearround comfort. A versatile fourbay shed with a workshop and carport, complete with power connectivity. Rockview presents an incredible opportunity to embrace a serene rural lifestyle within easy reach of Jingellic, just 4km away, and a short 48km drive southwest of Tumbarumba. This is an exceptional opportunity to obtain a brilliant Upper Murray grazing landholding. The vendors are genuine sellers and are looking forward to a result. Please contact the exclusive agents for a private inspection. Glen Simmons 0478 093 271 Bruce Holden 0428 278 546"
-
80.8%
-
-
-$4,390,000
-$185,695
0.3%
0.2%
-21.8%
1.1081186981038999e+278%
Did you know you need to engage a conveyancer when buying a property?
Request a free contract reviewAsking Price
$4,750,000
Estimated Purchase Price
$4,640,000
Stamp Duty
$255,280
Transfer Fee
$165
Conveyancing
$1,480
Deposit (10%)
$464,000
Reg. Mortgage
$164
LMI Premium
$131,116
Renovation Costs
-
Total Cash/Equity Required
$852,756
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+7.7% PA
$1,201
$1,710
Rates
+3.0% PA
$684
$892
Water
+3.0% PA
$1,127
$1,470
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$10,338
$15,195
Interest Repayments
$275,616
$275,616
Net Cashflow Before Tax
-$265,278
-$260,421
Depreciation
-
-
Tax Offset
-$79,583
-$78,126
Net Cashflow After Tax
-$185,695
-$182,294
Assumptions
Year 1
Year 10
Property Value
6.8%
$267,000
$482,672
Loan Balance
I.O
$4,176,000
$4,176,000
-$3,909,000
-$3,693,328
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 17.0%
Manufacturing - 15.0%
Retail Trade - 9.0%
Health Care and Social Assistance - 9.0%
Others - 50.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price