Area: 391.73 hectares or 967.98 acres Location: Lagoona Downs is well located in the renown high rainfall area of Niangala on the southern edge of the New England Tablelands. The property enjoys easy access being situated just off Topdale Rd and Forest Way. From the front gate it is 78km to Tamworth or 65km to Walcha. Country: predominantly red basalt soils, Lagoona Downs features a beautiful temperate climate to go with its highflying productive soils, with the district enjoying an altitude of approx. 1300m and an annual rainfall in the vicinity of 50-55 inches per annum. 140 hectares has been supered every year for the past three years, with the most recent pasture improvement in 2020 being 48 hectares sown to rye and clovers. Prior to that the property enjoyed a regular fertiliser history until 2018. Improvements: improvements and working infrastructure on the property include a tidy three bedroom weatherboard and hardi plank home with spacious kitchen, separate office and double lock up garage. Working improvements include timber and steel cattle yards, machinery and hay shed. Fencing is in good order with the property fenced into 14 main paddocks. Approx. 2km of new fencing has been completed recently. Water: there are approx. 17 dams on the property (at least one dam in each paddock) with several springs and streams traversing the property. There is also a bore adjacent to the home which has predominantly been used for domestic purposes. Enterprise: having owned the property for the past 39 years, the vendors have utilised the capabilities of the property producing vealers straight off the cow as well as growing cattle out to feedlot and processing weights. The vendor estimates the carrying capacity to be in the vicinity of 250 - 300 breeding cows. The versatility of the country lends itself well to both breeding and fattening operations. Comments: a tightly held district and a property that last changed hands in 1984, presenting a unique opportunity in a safe and reliable rainfall area. Offered for genuine sale, and with scope for further development this is a property not to be missed.