A businessman who introduced portaloos to Australia in the 1970s has sold his picturesque Southern Highlands estate for $6.65 million.
The 875ha Boorowa property of Malcolm and Raylee Williams was purchased by an Australian family entity after an epic bidding war broke out between 13 registered bidders.
In front of a virtual crowd of about 100 people, the auction lasted for nearly half-an-hour after proceedings got under away at $5 million.
Bids came in thick and fast during the auction until a handful of punters remained in play during the final stages.
Ray White Rural NSW state manager Chris Malone said the result was not surprising after strong interest from 38 parties during the campaign.
“The property is a unique asset and we were overwhelmed by the inquiry we received as well as how far reaching that inquiry was,” he said.
Mr Malone said it attracted a mix of lifestyle buyers and those looking to use the estate for agriculture purposes.
“There is currently a lot of interest in rural Australia due to the conditions being great after good rainfall and availability of cheap money,” he said.
The state manager said factors including a lack of stock was allowing vendors like the Williams to achieve strong results at auction.
“Conditions are certainly in the seller’s favour at the moment,” he said.
“Less stock is allowing those in the market to have more eyeballs on their property than if they were to hold off.”
Mr Williams, who is credited with introducing ‘portaloos’ to Australia in 1976 through his company On Site Rentals Australia, built the property with his wife in 2000 after amalgamating three parcels of land.
The property consists of a colonial Georgian-style homestead, a four-bedroom managers residence, shearing sheds, machinery workshop and cattle yards. The homestead features multiple living areas, a country-style kitchen with gas cooker, a home office, separate guest accommodation and marble flooring.
It is surrounded by Tuscan inspired gardens, several outdoor entertaining spaces and a Bay Leaf maze. The homestead also has sweeping district views.
There is also installed a desalination plant on the property and several tanks that can store 600,000 litres of water.