+$50m anticipated for choice Isaac River aggregation

Beef Central, 11/04/2022

The Jimarndy Aggregation deal will include 1547 registered Brahman females and 2900 commercial Brahman cattle.

ANOTHER solid test for Central Queensland premium cattle property market will come up next month with the offering of the large-scale 17,638ha Jimarndy Aggregation on the Isaac River in the heart of the Fitzroy region.

Comprising adjoining properties Jimarndy, Tandarra and Tawarri, the productive aggregation is being offered for sale on behalf of the Simon family, best known as the proprietors of Simons’ Transport.

The deal will include 1547 registered Brahman females and 2900 commercial Brahman cattle.

Early assessments suggest the holdings and cattle may be worth north of $50 million.

With average annual rainfall of 607mm and a proven carrying capacity of 6200 Adult Equivalents, the aggregation was already attracting strong interest from local owners and institutional investors, a spokesman for co-marketing agents, CBRE and Nutrien Harcourts said in a statement.

The properties had established pasture history, cropping projects abundant water, he said.

“An incoming purchaser can benefit immediately from this productive grazing platform, which has been run as a self-sustaining business in all seasonal conditions and will appeal to buyers interested in large-scale, sustainable farming,” the spokesman said.

Jimarndy and Tawarri were purchased by the Simon family in 1997, with the adjoining Tandarra added in 2003.

The Isaac River and its tributaries flow through the aggregation, providing 16km of river frontage.

The Simon family has invested in water infrastructure across the properties in addition to handling yards and pasture improvement, including the development of 680ha of leucaena on the alluvial river country. This is supplemented by an elevated tableland plateau, providing diversity in growing climates. The plateau adjoins a 4410ha forestry lease, with additional income to be derived from a newly signed lease for the development of a hard rock quarry.

The aggregation includes a 900m airstrip, its own campdraft arena and benefits from its central location 70km from Middlemount, and 225km from Rockhampton, Mackay and Emerald.

CBRE’s Edward O’Dwyer and Nutrien Harcourt’s Phillip Wieland will steer an expressions of interest campaign for the properties. Expressions close May 19.


Source: CBRE/Nutrien Harcourts




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