Property

Movement at the Station: Properties listed for sale

Property editor Linda Rowley, 30/05/2018

Coralie Station, 60km west of Croydon, spans 70,500ha and can carry 5000 breeders.

 

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.

Queensland

One of the better cattle stations in Queensland’s Savannah Gulf region will be auctioned on June 29 by Ray White Rural.

Coralie Station, 60km west of Croydon, spans 70,500ha and can carry 5000 breeders. The auction will include 4000 quality well-managed females.

Coralie Station, pictured above, is mostly open forest country with 30,000ha of beneficial flood-out country. It is exceptionally well watered with 43 dams, two bores and waterholes.

The property has been owned for the past 14 years by father and son, John and Geoff Seccombe who are now activating their succession planning.

John and his wife Kelly are relocating to a small property near Toowoomba, while Geoff and his wife Taryn will manage Kenya at Muttaburra, held by the Seccombe family for the last 90 years.

Ray White Rural selling agent Russell Wolffe said Coralie was one of the best northern properties he has marketed.

“It has excellent herd quality and management, water and improvements and would be ideally suited for someone with fattening country in the south seeking a calf factory,” he said.

 

Strong property listings in Queensland’s central west continue to come to market, with Blackall district grazing holdings Selvister & Linden and Fairlea being offered for the first time in 100 years.

Located 30km from Blackall, 13,305ha Selvister & Linden have sensibly developed pebbly gidgee country with some open downs, as well as the Ravensbourne channels growing buffel, Mitchell, button, blue and Flinders grasses plus herbages.

The property is well watered with a combination of dams, tanks and troughs and includes 11km of new exclusion fencing.

The nearby 2590ha Fairlea, just 17km from Blackall, features well developed gidgee and leopardwood country and is safely watered by dams and bores.

Des Cuffe from Elders said the country is punching above its weight with heavy stands of buffel and Mitchell grasses.

The two properties are owned by Les and Cathy Wheelhouse who are retiring. The properties will be auctioned separately on August 3.

 

Not far away, after 80 years of single family ownership, Barcaldine’s The Patrick will go under the hammer next week.

Owned by the Allpass family, the 16,786ha property lends itself to breeding, growing or fattening, but could also be a trading or backgrounding depot offering excellent access to markets.

The holding can run 3000 backgrounders, but is being sold bare of livestock.

The Patrick features a classic, large 100-year-old station homestead and is strategically located just 15km from Barcaldine in central western Queensland.

It is mainly freehold country, naturally safe, strong, shaded and developed with gidgee and bauhinia, established buffel grass, soft native grasses and herbages and edible scrub.

The property has been partially exclusion fenced and is watered by three flowing bores.

Tim Salters from Elders Longreach is handling the sale of The Patrick, which is being auctioned on June 7.

 

Producers seeking scale, productivity and quality of investment will be attracted to the large-scale beef operation Brackenburgh Aggregation, 170km west of Winton

 

There’s been solid pre-sale interest in the large-scale western Queensland beef operation Brackenburgh Aggregation, 170km west of Winton, which is being auctioned by Tannco Rural Real Estate and Brodie Agencies.

Spanning 182,000ha, the Middleton district aggregation, pictured above, comprises Rangers Valley, Brackenburgh, Saville Downs, Glenworth, Denbeigh Downs, Menin and Patricia Downs. Private and corporate beef producers seeking scale, productivity and quality of investment are the target market.

Described as a modern, well-improved beef cattle enterprise, it has an excellent balance of strong grazing country, from flood-out channels to Mitchell and Flinders grass downs and soft loam saline grass country.

Tannco’s David Tannock said since the recent seasonal break, Brackenburgh had received up to nine inches of rain with beneficial flooding.

“The property is in good order and presents very well. The 25 dams are full, as are the numerous permanent and semi- permanent water holes in the Saville and Middleton Creeks and the Diamantina River. Brackenburgh Aggregation is going into winter with very good feed reserves.”

Vendors, Duncan and Lesley Lawton are rationalising the family business and retiring. They believe Brackenburgh could also be used as a backgrounding operation producing a high turnover of young cattle.

They estimate the carrying capacity at 11,000 mixed cattle in an average season or 5500 breeders plus progeny carrying steers.

The walk-in walk-out auction on June 6 includes 5000 head mixed breeding herd and comprehensive plant.

 

Recent listings: New South Wales

Price expectations for the mothballed 46ha Binnaway abattoir in central western New South Wales have been slashed by $750,000.

The Tier 1 multi species export facility is licensed to process 1000 small stock (sheep and goats) or 120 cattle a day.

The abattoir is centrally located within a 150km radius of Dubbo, Tamworth, Gunnedah and Narrabri and benefits from main road frontage and connectivity to the Newell Highway.

Last year, CBRE’s Danny Thomas said the abattoir would appeal to people wanting to exploit vertical integration.

“Those involved in the wholesale and retail meat game see Binnaway as a boutique abattoir. If you wanted to roll 200 goats a week for your restaurants or butcher shops in Sydney, then this is the place for you.”

Co-agent Col Medway said there was currently strong interest from a number of parties.

“Some want to reinstate the business as a domestic or a Tier 1 export works, while producers are looking at diversifying their farming business to move down the supply chain. Others are looking at using the facility for an alternative enterprise.”

Mr Medway said it wouldn’t take much to get the abattoir up and running again.

Binnaway Abattoir is listed for sale for $1.25m by CBRE Agribusiness.

 

Click Here to access full list of properties listed for sale

 

 

 

 

 

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