THIS week’s property review includes this wrap-up of recent passed-in listings across the country, together with separate reports on new listings and recently completed transactions.

• $14m falls well short for FNQ’s Crystalbrook & Silkwood
• Tightly-held Cooper Creek country passed in at $5.6m
• Due diligence on Roma’s diverse Bellevue
• $3.5m fails to hit the mark for Jundah’s Hayfield

$14m falls well short for FNQ’s Crystalbrook & Silkwood Stations

An integrated breeding and coastal fattening opportunity in North Queensland has failed to sell at auction, passing in at $14 million.

Crystalbrook and Silkwood Stations (see video above) were offered for sale by luxury hotel and residential interior design company, the GA Group.

Peter McPherson from Queensland Rural reports there were five registered bidders, with negotiations now underway with interested parties.

During its three years of ownership, the owners have been producing Crystalbrook signature beef, bringing a ‘farm-to-table’ experience to its Australian restaurants.

Crystalbrook Station

The 33,900ha Crystalbrook Station is located near Chillagoe, 220km west of Cairns and features mainly black spear grass and native species with areas of seca stylo.

The fully boundary-fenced property features two sets of new modern design steel yards complete with crush, draft pounds, branding cradles and loading facilities.

Crystalbrook is being offered with around 2750 head of Brahman and Brahman cross breeders, as well as plant and equipment.

It is watered by more than 26 dams and 13 bores. The Sandy Tate River runs through the southern end of the property providing several permanent and semi-permanent waterholes.

Crystalbrook features a luxury (fully furnished and operational) homestead catering for up to ten guests. The wet edge pool overlooks a barramundi-stocked lake covering 120ha and holding 3000 megalitres of water.

Silkwood Station

Silkwood, which is being sold bare of livestock, provides drought-free coastal fattening and backgrounding grazing country. It is a key component of Crystalbrook Station’s supply chain by growing out and finishing progeny.

The 431 hectares of improved pasture grasses and legumes are situated on the Cassowary Coast super-wet belt, 30 minutes from Innisfail, 25 minutes from Mission Beach and a little under two hours from Cairns.

Silkwood comprises four adjoining farms, two homesteads, excellent shedding, two sets of yards, good fencing and access.

 

Tightly held Cooper Creek country passed in at $5.6m

Tightly held Cooper Creek country in Queensland’s central west has failed to sell at auction, passing in at $5.6m.

The 26,985ha Currareva, 18km east of Windorah and 230km west of Quilpie, comprises a balance of flood-out Cooper Creek country, sweet stony gidgee, mulga and box flat ridges, and spinifex red sandy mulga country.

Vendor David Cross said the property is situated in drought resilient country, performing well during dry and wet seasons.

“Recent flooding means the country will grow an abundance of different grasses and herbages that will fatten cattle and carry through for the next 12 to 18 months.”

Mr Cross said Currareva is experiencing an exceptional season.

“The country is looking the best you will ever see, and this is how it lends itself to dry times. The incoming purchaser will have two to three years’ feed depending on how it is managed.”

Currareva is also watered by five sub-artesian bores, three dams and a 13km frontage to the Cooper Creek. This stretch of water, which is more than 10m deep in parts, has never gone dry. Two 10,000MGL irrigation licences are included in the sale.

Currareva is running more than a thousand mixed cattle and boundary fencing has been renewed over the last ten years.

The sale is being handled by Andrew McCallum from Nutrien Harcourts GDL.

 

Due diligence on Roma’s diverse Bellevue

Darryl Langton from Nutrien Harcourts is engaged in a due diligence process with a prospective purchaser for a diverse integrated beef enterprise close to Roma in southern Queensland.

The 548ha Bellevue, 28km south-west of Roma in the Mount Abundance area, was passed in on auction day at $5.5 million.

Mr Langton reports negotiations for Bellevue are now completed and a 30 day due diligence is underway.

Bellevue features an accredited 1580 Standard Cattle Unit feedlot, a 112ML intensive water licence and development approval for 5000 SCUs.

Owned by Justin and Sherrill Stivano for 19 years, the property offers cattle producers a finishing operation in all seasons.

The country comprises 486ha of brigalow, belah and bottletree softwood soils that can be cropped. Currently, 300ha is planted to oats with 100ha of late forage sorghum.

The vendors use the cultivation predominately for a hay production enterprise, with storage for around 9000 round bales.

 

$3.5m fails to hit the mark for Jundah’s Hayfield

Jundah’s Hayfield Station has passed-in at auction for $3.5 million, with marketing agent Tom Brodie from Brodie Agencies, Winton now negotiating with interested parties.

The central western Queensland property was brought to the market last month by Kerri Pidgeon with large areas of flood-out country growing sweet fattening high quality feed.

Hayfield is set up for a very good winter/spring season following 100mm of rain in April and a further 45mm in May.

The 31,708ha holding is located 40km west of Jundah and 100km north of Windorah and is ideal for breeding or backgrounding cattle, sheep or goats.

The property has a good mix of country with more than 16,000ha of undulating stony browse country, useful to run dry cattle on.

Around 810ha of open downs country is grassed with Flinders, Mitchell and other native summer grasses, along with summer and winter herbages.

The balance is soft red mulga country interspersed with gidgee flats. The Stewart, Sheepyard and other minor flood-out creek systems are well-grassed with mostly sweet native summer grasses and summer and winter herbages.

There are 11 dams, three bores and many small seasonal waterholes along the creek systems that hold water for three to four months following a run in the creeks.

Over the past two years, there has been 37km of exclusion fence built on Hayfield, with an additional 15km of exclusion fencing with neighbouring property Wuringle.

Mr Brodie said an extra 7000ha would be put behind an exclusion barrier with the erection of a further 13km of fencing.

The property is currently destocked, however in an average season, Hayfield could carry 600 breeders or adult equivalents.

Hayfield has the potential to be become Certified Organic as there is no prickly acacia or parkinsonia.