THE listing of the Revell family’s “Molleen” throws open the doors for a new entrant to the Wee Waa cotton cradle.
“Molleen” comprises 782 hectares of which 246ha are flood protected irrigation fields.
Selling agent Rob Southwell said the property “could do with” extra irrigation entitlements and as such the sale presented an opportunity for a buyer “to get in at an entry level of investment”.
““Molleen” also has the capacity for livestock production with the added benefit of higher level stock refuge in time of flood,” Mr Southwell said.
He said a property of this dimension and quality would normally have a $5 million dollar flag fall for existing water entitlements.
The property does have 202 unit shares of Namoi Valley aquifer water access licence as well as a 193 megalitre supplementary Namoi River licence.
Since purchasing the “Molleen” in 2007, Scott and Jo Revell have run the place as a grazing/dry land farming block.
The property came into the Revell family’s hands not long after Jack Revell moved to Wee Waa in 1969. Prior, his sons had been pioneering cotton growing on the Ord River Scheme.
Today the homestead at “Molleen” comprises six bedrooms. It has been extensively renovated and presents in a garden complete with a pool.
Immediately following the auction of “Molleen” on July 20 a further auction will take place for a 240ML groundwater access licence. Mr Southwell said this unrelated parcel would make an “excellent addition” to “Molleen”.
