Hurricane Hill Quarry has been operating for about 80 years and is located roughly 12km west of Culcairn, New South Wales.
The 110ha site contains a rhyodacite resource of about nine million tonnes of unquarried rock. Recent annual production volumes were around 250,000 tonnes, although the new owner would have permission to expand output to as much as 750,000 tonnes.
The site mainly produces aggregates ranging from about 7mm up to 63mm ballast, used for rail lines.
A member of the Boral group has operated the site under licence for the past 20 years and pays a royalty for each tonne extracted. This agreement, which has a further 12 years to run, would pass to the new owner under the terms of the sale.
The land is being sold by John Pumpa and has been in his family for generations. It has been put up for auction to resolve a family inheritance matter.
The freehold, part of which has been cropped or used for dryland grazing, is being also offered in the sale with all licences and permits in place.
According to a statement by sales agent Ruralco Property, the quarry is situated about 50km north of Albury and could benefit from proposed regional infrastructure projects including roads and, in particular, railways.
Ruralco Property agent Michael Everard said, “I anticipate that the Hurricane Hill Quarry investment could attract offers in the range [of] $3.5 to $4 million at which price range there would be a potentially attractive indicated investment return to the purchaser.”
Hurricane Hill Quarry is scheduled to go under the hammer at the Albury Club on Friday 16 September.