THIS week’s property review includes this wrap-up of interesting recent listings across New South Wales and South Australia, and separate articles on listings in Queensland and recently completed sales of note.

• Historic Nimagee Station lists with carbon project
• Offers for Berryjerry Station close on August 21
• Warren Aggregation offered separately
• EOIs underway for SA’s Illawarra & Koonunga Hill Aggregation

The 12,249ha Nimagee mixed grazing and farming property is located 12km north-west of Nymagee and 97km south-east of Cobar.

Historic Nimagee Station lists with carbon project

The historic Nimagee Station, supported by an established carbon project, has been listed for sale in western New South Wales with price expectations of around $6.5 million.

The 12,249ha mixed grazing and farming property is located 12km north-west of Nymagee and 97km south-east of Cobar.

It last changed hands in 2000 and is being offered following a change of direction by the family-owned Hazelmere Pty Ltd.

Nimagee was originally settled by the well-known Killen family, E. Killen & Sons Limited, which also owned Moonagee, Gerar and Wee Jaspar sheep stations around Nyngan. Bryce Killen at one point was a significant investor in the Northern Meat Exporters processing plant near Katherine NT, and the nearby Willeroo and Scott Creek stations.

Nimagee’s name was misspelt during registration, accounting for the “i” in Nimagee compared with the nearby township of Nymagee.

The property was later held by members of the Warner family for more than 80 years.

Nimagee is underpinned by an established Human Induced Regeneration (HIR) carbon project spanning 6949ha, which can also be grazed. A further 4572ha is available for unrestricted grazing, while 727ha has approval for dryland cultivation.

The project is forecast to generate an additional 236,000 Australian Carbon Credit Units (ACCUs), with a permanence period running until September 2049.

Significant capital expenditure has been undertaken to meet the carbon project conditions, including investment in internal and external boundary fencing, water infrastructure and roadways.

Alongside the carbon project, the productive grazing country is suited to sheep and cattle breeding and trading, as well as goats, with up to 3000 free-range goats harvested annually.

The vendors have recently been running between 500 and 650 weaner cattle on agistment, along with up to 1000 breeding Dorper ewes.

There is also scope for further expansion and future pasture development.

LAWD agent Fraser Robertson said early inquiry was coming from private investors and corporates seeking country with a carbon component.

Situated in a district with long-term average annual rainfall of 449mm, Nimagee is watered by a bore, 23 dams and 5km of frontage to the semi-permanent Box Creek.

Infrastructure includes four transportable units, numerous sheds and steel livestock yards.

Nimagee Station is being offered for sale by expressions of interest, closing September 17.

Offers for Berryjerry Station close on August 21

Colliers Agribusiness has set an August 21 deadline for offers to purchase Berryjerry Station, a large-scale mixed farming enterprise in southern New South Wales.

The Riverina’s Gnadbro Pastoral Co is seeking more than $20 million for the 2170ha holding, which backgrounds and finishes livestock, produces dryland and irrigated crops and operates an established timber harvesting enterprise.

Located 33km west of Wagga Wagga in the tightly held Collingullie district of the Eastern Riverina, Berryjerry was first offered to the market in October last year but did not sell.

Colliers Agribusiness agent Adrienne Harvey said stronger commodity prices has helped revive buyer interest in the property.

“The strongest inquiry is coming from cattle producers, both local and away, seeking to expand their geographic footprint or relocate.”

“Berryjerry’s proximity to Wagga Wagga and major transport routes adds a layer of strategic value that complements its productivity,” she said.

Around 84 percent of the fertile sandy clay loam country is arable and currently producing wheat and canola.

The dryland cropping program is supported by three centre pivot irrigators, with scope for further irrigation development.

Those systems are backed by 1406ML of river and groundwater entitlements, 492mm of average annual rainfall and frontage to the Murrumbidgee River, Old Man Creek and Dog Fall Creek.

Berryjerry currently runs 4000 ewes and 4800 lambs and is being grazed at 15 Dry Sheep Equivalents per hectare, rising to between 25DSE/ha and 30DSE/ha on grazing crops.

Alongside its livestock and cropping operations, the property generates additional income from AFS-certified timber production, averaging 4000 tonnes a year.

Improvements include a seven-bedroom homestead, a six-stand shearing shed, steel sheep and cattle yards, machinery and storage sheds, and grain silos.

Warren Aggregation offered separately

Following an unsuccessful campaign to sell the Warren Aggregation as a whole, McGrath is now offering the large-scale grazing portfolio in the Narrandera district of New South Wales’ Riverina as three separate holdings.

The family of the late Graham Warren is selling 4804ha across the adjoining properties – 597ha Hillcrest, 2114ha Karalee and 2093ha Mount Olive.

With average annual rainfall of 470mm, the aggregation has been run as an Aussie White sheep enterprise carrying around 6000 ewes and lambs, together with 120 cows and calves.

The properties offer scope for mixed farming or cropping, supported by productive sandy red loam soils and natural stands of kurrajong, cypress pine and box timber.

McGrath Riverina agent Craig Pellow said offering the properties separately has generated renewed interest from local and out-of-area buyers, including inquiry from Victoria and Queensland.

The three properties are:

Karalee – price guide $6.634m ($3138/ha or $1270/ac)

Located 24km from Narrandera, the 2114ha Karalee is currently operated as a grazing enterprise, with around 45 percent considered arable. The property has a strong water catchment and full dams. It generates additional income through a biodiversity conservation trust agreement. Infrastructure includes a renovated home, cattle yards, a shearing shed, two sheds and extensive boundary fencing.

Mount Olive – price guide $5.95m ($2842/ha or $1150/ac)

The 2093ha Mount Olive is 28km from Narrandera and is also run as a grazing enterprise. With around 55 percent considered arable, the holding is well placed for a transition into mixed farming, supported by extensive grain storage and handling infrastructure. Improvements include a newly drilled bore, a five-stand shearing shed, new sheep yards, extensive fencing upgrades and two sheds. Mount Olive is offered with a biodiversity conservation agreement that provides additional income.

Hillcrest – price guide $4.28m ($7169/ha or $2902/ac)

The 597ha Hillcrest is located 16km north of Narrandera. Currently operated as a grazing enterprise with abundant feed, around 75 percent of the property is arable. Improvements include five dams, a three-bedroom cottage, two sheds and exclusion fencing.

EOIs underway for SA’s Illawarra & Koonunga Hill Aggregation

Elders has launched an expressions of interest campaign for a generational farming asset in South Australia’s Mid North.

Offered to the market by the Shannon family after 150 years of ownership, the 2635ha Illawarra and Koonunga Hill Aggregation is a well-established sheep and cropping enterprise within the Kapunda – Eudunda corridor, 94km from Adelaide.

More than 70 percent of the aggregation is arable with a five-year crop rotation, including wheat, barley, canola, and beans, complemented by an established self-replacing Merino flock supporting up to 5000 ewes.

Elders Real Estate CEO Tom Russo and state manager Adam Chilcott have been appointed to manage the EOI process, which is being offered as a whole or in parts.

Mr Russo said the offering represented one of the most significant and tightly held family-owned holdings to come to the South Australian market in recent history.

“The Shannon family has held and developed this aggregation over five generations, which is an extraordinary period of stewardship.”

“That long-term custodianship has allowed the family to take a considered approach to decision-making, with a clear focus on maintaining and improving the productive capacity of the land over time,” he said.

Mr Chilcott said opportunities of this nature are rare.

“It is not often a property of this quality, with this depth of history and family continuity, is brought to market. For many buyers, that provenance will be just as compelling as the underlying production capability.”

Mr Chilcott said the Shannon family had created something of enduring value, and the opportunity now exists for a new owner to continue that story into its next chapter.

“Interest will come from neighbours, established family farming businesses and larger-scale corporate investors seeking exposure to high-quality Australian agricultural land with a proven history of performance and long-term custodianship.”

Sitting in a highly productive cropping region with average annual rainfall of more than 450mm, the aggregation has a mains water connection and River Light frontage, providing year-round water security.

Infrastructure includes a renovated circa-1850s homestead, workers accommodation, numerous sheds, extensive livestock handling facilities and significant grain and fertiliser storage capacity.