Ray White Rural says the recently launched marketing campaign for the historic Glenprairie Station owned by Sir Graham McCamley has generated ‘significant interest’ from corporate entities.
“Glenprairie is somewhat unique with it’s organic status, size, mix and quality of country and pastures, ample water supplemented by a healthy annual rainfall, within close proximity of four export abattoirs and local markets,” Ray White marketing agent Richard Brosnan explained in an update on the Glenprairie marketing campaign issued yesterday.
“And as such it’s a prominent and highly regarded property within the cattle industry.”
The Western portion of the property was to have been presented at auction on March 30.
This section comprises the 'Stoodleigh' part of the original 'Glenprairie Station' and the two adjoining western properties ‘Tanderra’ and ‘Oakleigh’ which were acquired in recent years, and has a combined area 20,090 hectares (49,642 acres).
When combined with Glenprairie Station the complete aggregation created a total holding of 46,123 hectares (113,971 acres) over 76 titles.
“Feedback from prospective purchasers’ inspections is that the aggregation was a sound strategic decision by Graham, and should be maintained,” Mr Brosnan said.
“The diverse mix of country across the vast area is extremely complementary, and the extensive development Graham has conducted over the past few years has facilitated increased carrying capacity and gains in overall management efficiency.”
Consequently, the planned March auctions of the two western portions have been postponed to coincide with the offering of Glenprairie Station on Friday 18 May.
“Graham will celebrate his 80 birthday later this year and begrudgingly accepts that it’s time to slow down; a decision accentuated by a recently diagnosed health complication, and is adamant that auction day will definitely be sale day,” Mr Brosnan said.
Ray White Rural’s property specialist agents, Andrew Adcock and Richard Brosnan, are managing the sale process and inspections.