Property

Movement at the Station: Properties for sale

Property editor Linda Rowley, June 17, 2020

THIS week’s property review includes this wrap-up of interesting recent listings across the country, and a separate article of recently completed sales of note.

  • Ah Toy family offloads its Pine Creek pastoral properties
  • Large NT freehold grazing block
  • Central Queensland’s tenanted feedlot
  • Substantial goat operation in NSW’s far north west

Pine Creek identity Eddie Ah Toy’s two unique Northern Territory pastoral properties could attract offers around $8 million

Ah Toy family offloads its Pine Creek pastoral properties

Pine Creek identity Eddie Ah Toy’s two unique Northern Territory pastoral properties could attract offers around $8 million

The Ah Toy family has been linked to the Northern Territory for more 100 years. Eddie’s Chinese grandfather arrived in Darwin during the 1880s goldrush and during the 1920s, operated the old bakery. In 1935, the family purchased the general store which it ran until 2015.

Claravale Station and Claravale Farm sit on top of aquifers that should entice cattle producers or investors seeking irrigation and/or development opportunities.

The adjoining properties are situated in an area reviewed by the NT Farmers Association for future development – to the north is the established Douglas Daly agricultural district and to southwest lies the Edith/Florina regions.

Situated 90km north of Katherine, the 61,382ha Claravale Station perpetual pastoral lease fronts the Fergusson River on its southern boundary.

For the last 12 years, it has been leased and developed as a breeder operation running around 2000 head of cattle.

Overlying the Oolloo, Tindal and Jinduckin aquifers, Claravale Station is watered by a range of springs, dams and bore-fed troughs, with a new bore due for construction this month.

The country features deep red soils and river alluvials, while the northern part has open valleys and escarpments and several springs.

According to Alison Ross from Elders, only 40 percent has been cleared and with further development the property could carry around 6000 head.

It is expected to make between $5 million and $6 million, and includes 230 head of cattle.

Meantime, the Ah Toy’s neighbouring 6310ha freehold Claravale Farm, fronting the Daly River, is likely to achieve in the high $1m to low $2m range.

Historically used for cropping and cattle, the country offers a range of deep red soils and river alluvials.

The property overlies both the Florina and Oolloo aquifers and has a large billabong providing scope for future development. However, there are no water licencing or land clearing permits presently in place.

Claravale Station and Claravale Farm are being offered for sale separately or as a whole via an expressions of interest campaign being conducted by Alison Ross of Elders. The closing date is July 29.

Large NT freehold grazing block

One of the largest freehold parcels available to purchase in the Northern Territory’s Edith River region is being offered for sale with a $3.2 million price tag.

Located 20 mins from Katherine and 2.5 hours from Darwin, the 3487ha Tarwoo is being sold by the Browne family who have used the block to grow out younger cattle to desired weights for the live export markets.

With a 6km Stuart Highway frontage and a carrying capacity of 600 to 800 head, it could be operated as a small grazing operation or a moderate holding depot.

Tarwoo is watered by the permanent spring-fed Granite Creek that runs through the property, as well as a solar powered stock bore.

The sale and marketing of Tarwoo are also being handled by Alison Ross from Elders Katherine.

The 3487ha Tarwoo is being sold by the Browne family who have used the block to grow out younger cattle to desired weights for the live export markets.

Central Queensland’s tenanted feedlot

Cattle producers are showing solid inquiry for the Iker family’s tenanted feedlot at Springsure, on Queensland’s Central Highlands.

The 2507ha Vandyke Feedlot, 28km west of Springsure and 95km south of Emerald, is licenced to 8640 standard cattle units.

It consists of 36 pens, two hospital pens and cattle yards including separate double deck loading/unloading and drafting/induction facilities.

The feedlot and smaller surrounding paddocks are currently leased for a ten year period.

Vandyke sits alongside the Vandyke Creek and has 340ha of highly fertile black soil coolibah creek flats of cultivation, with 283ha to be dry planted to oats.

Matt Beard from Nutrien Harcourts said interested parties included producers looking for additional country and those seeking an investment opportunity.

“Vandyke is a unique opportunity for someone to make a solid, stable income off the tenanted investment while running 200 breeders and farming the flat,” he said.

The country also features 290ha of brigalow scrub country, 130ha of black soil coolibah grazing country, 540ha of creek flat grazing country and 875ha of light sandy soils to rocky escarpments.

Vandyke is watered mainly by bores and a 125 and 30 megalitre irrigation licence. There are permanent waterholes along the Vandyke creek, as well as a 1000 cubic metre dam.

Feedlot infrastructure includes nine silos with a total capacity of 1750 tonnes, a 130t poly molasses tank, an 80t steel liquid supplement tank, two silage pits, a commodities shed, a 12t per hour capacity roller mill, an 80t concrete weighbridge, a generator shed, a hydraulic vet crush and a four-way undercover draft with lights.

Vandyke will be auctioned bare on July 17.

The 2507ha Vandyke Feedlot, 28km west of Springsure and 95km south of Emerald, is licenced to 8640 standard cattle units.

Substantial goat operation in NSW’s far north west

Producers wishing to run serious goat numbers are showing strong interest in a substantial goat breeding and backgrounding operation in New South Wales’ far northwest.

The 31,745ha Wyuna and Neverfail are situated 54km south of Eulo, 120km south west of Cunnamulla and 225km north west of Bourke.

Greg Seiler from Nutrien Harcourts Bourke said inquiry was coming from south western Queensland, central New South Wales right down to Victoria.

“The large scale, well improved and well-watered properties have the ability to run dorper sheep or cattle, however goats are definitely the main attraction,” he said.

The terrain comprises 2025ha of Werai Watercourse flood country off from the Paroo River. The balance is mulga with box flats and caingrass flats.

Wyuna and Neverfail are well-watered by five bores, 27 troughs and 10 dams. Over 50km of poly pipe has been installed in the last four years.

Equipped with steel cattle yards and goat handling facilities, the aggregation is rated to carry 7000 dry sheep equivalents, or around 8000 mature goats.

The vendors, Joe and Kylie Baty from Batmore Goats, operate four goat depots – The Cato at Enngonia, Moolakar at Wanaaring, Terramia at Hungerford and Wilcannia at Wilcannia. The couple recently purchased adjoining land, so they are now consolidating their holdings.

Wyuna and Neverfail will be auctioned bare of livestock by Nutrien Harcourts Bourke on July 30.

The Wyuna aggregation is rated to carry 7000 dry sheep equivalents, or around 8000 mature goats.

 

Click here to access more properties listed for sale.

 

 

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