Property

CPC adds to Isisford aggregation with Linamar purchase

Beef Central, 13/03/2024

The well-improved Linamar is a combination of Mitchell-Flinders grass downs plus large areas of buffel, with a carrying capacity of around 2000 backgrounders.

CONSOLIDATED Pastoral Co has added a substantial grazing property to its aggregation near Isisford in Central western Queensland.

The 15,346ha Linamar Station borders CPC’s Isis Downs holding south of Isisford and 120km south-west of Blackall.

It’s understood the transaction came to a little over $10 million, representing an adult equivalent beast area of around $5500-$6000.

Linamar was previously listed with Nutrien Harcourts GDL agent Andrew McCallum, but was passed in at $10.1 million ($660/ha) in October.

The acquisition, to be run as an add-on, means CPC’s Isis Downs aggregation now covers around 270,000ha.

The well-improved Linamar is a combination of Mitchell-Flinders grass downs plus large areas of buffel, with a carrying capacity of around 2000 backgrounders.

It will take weaned calves from CPC’s northern breeding properties for backgrounding, growing out to feedlot entry weights.

The property is in good shape following a strong summer rainfall season.

There are two high-pressure flowing bores, and the holding is fully exclusion-fenced, extending the boundary of the existing exclusion fencing on Isis Downs.

“Linamar will strengthen our business adding more growing land to cater for our increasing fertility in Northern Australian breeding herd and our growing natural capital business,” CPC managing director Troy Setter said.

Historically, the property was used as a wool-growing enterprise by vendors Will and Marcelle Chandler, but will now convert to beef production.

Linamar is well located to take advantage of Blackall cattle selling centre and Longreach. The deal included a six-bedroom home, separate cattle, sheep and goat yards with drafting and loading facilities.

 

 

 

HAVE YOUR SAY

Your email address will not be published. Required fields are marked *

Your comment will not appear until it has been moderated.
Contributions that contravene our Comments Policy will not be published.

Comments

Get Property news headlines emailed to you -
FREE!