Property

Movement at the Station: Recent property listings

Property editor Linda Rowley, 16/03/2022

After two years of ownership by overseas interests, Nundle’s Lucella has returned to the market with a $7.35m to $7.55m price guide, representing about $10,000/ha.

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.

  • Southern QLD’s Glenapp Station returns to the market
  • Hewitts offload NQ’s Carmichael Station
  • NSW high rainfall country tipped to make $8-$10m
  • International investor offers Nundle’s Lucella
  • Northern NSW mixed farm ticks all the boxes
  • Strong interest for CQ grazing country
  • Taroom’s Didgeridoo offered for sale

 

Southern QLD’s Glenapp Station returns to the market

More than $20 million is anticipated for south east Queensland’s highly productive grazing and irrigation property Glenapp Station, which has returned to the market.

In November 2020, the 1230ha property was sold to Surat producer Dave Palmer from Weribone Station for $17m bare, or a record $13,821/ha.

At the time, Mr Palmer was seeking expansion, water security and higher rainfall. He has now decided to consolidate his assets.

Located at Running Creek, near the border between Beaudesert (QLD) and Kyogle (NSW), Glenapp boasts a 6km frontage to Running Creek – recognised as one of the region’s most reliable irrigation water supplies.

The productive property has historically run 1200 breeders and progeny up to 340kg. There is also a license to operate a 250 head feedlot.

Set up for cattle and fodder production, Glenapp is also ideal for horticulture with its rich soils, and 900 megalitre water allocations, plus major 300ML storage dam for irrigation and dryland cropping.

Phillip Kelly from Colliers Agribusiness said the property is boasting a massive body of feed and will be offered with four pivots.

Glenapp is being offered for sale by Colliers Agribusiness, with expressions of interest closing on April 7.

Hewitts offload NQ’s Carmichael Station

Succession planning has prompted Hewitt Pastoral Enterprises to sell 21,500ha of well-grassed breeding country in north Queensland.

Carmichael is located near Pentland, west of Charters Towers, with good access to processors and feedlots in Townsville and Mackay.

Peter MacPherson from Queensland Rural said family operators and locals were showing strong interest in the property.

“Carmichael has had a very good season. More than 520mm of rain has fallen since last August and the property is very close to being fully grassed,” he said.

“Around 3500ha of the pulled country has recently been re-pulled and the seca and buffel is very strong.”

The property is tick free and has been lightly stocked with 800 head of cattle. The vendors estimate a carrying capacity of 3000 adult equivalents.

Carmichael comprises a mix of country ranging from Carmichael Creek, Brothers and Dingo Creek frontage, blending into mixed scrub and softer desert areas.

The north east is a mix of soft to fair desert country leading back to inferior jump ups and tableland areas on the eastern or Moray Downs boundary.

Carmichael is a well-watered property with an average annual rainfall of 550mm. There are permanent and seasonal waterholes in the Carmichael River and Brothers Creek, as well as 44 dams and six bores (five are equipped).

Carmichael will be auctioned bare on April 12.

 

NSW high rainfall country tipped to make $8-$10m

High rainfall country featuring quality soils is anticipated to make between $8 million and $10 million when it is auctioned on April 5.

The 1460ha Rimbanda is located at Kentucky South, halfway between Tamworth and Armidale in northern New South Wales’ New England region.

For the past 15 years, it has been owned by Kerry and Anne Brett who are now downsizing.

Selling agent Simon Burke from Davidson Cameron & Co said most of the interest had come from Queensland and New South Wales producers looking to relocate to a higher rainfall climate.

In the past, Rimbanda produced sheep and wool. Today, it runs 600 cows and calves (weaning at a heavy weight).

The soils are a mixture of basalt, fine granite and trap rock, with a good fertiliser history.

The country ranges from creek flats to open softly undulating, to well sheltered timber hills and mountains.

Rimbanda is watered by close to 40 dams and four creeks, as well as a water licence that is drawn from a dam.

 

International investor offers Nundle’s Lucella

After two years of ownership, Nundle’s Lucella has returned to the market with a $7.35 million to $7.55 million price guide, representing about $10,000/ha.

The highly improved 734ha grazing property is located at Garoo, 16km from Nundle and 45km south of Tamworth – an area with a reputation for production, performance and capacity.

Situated in a 785mm rainfall area, Lucella has responded well to recent rain.

The country ranges from level creek flats to predominantly soft rolling hills. Open grazing country with alluvial, basalt and loam soils flank the Goonoo Goonoo and Spring Creeks.

There are 21 dams, two bores and eight new stock watering troughs.

Lucella can carry 350 cows and calves, however the international based investor who owns the property has been running more than a 1000 mixed females.

Most of Lucella features new cattle fencing (100 percent of internal fencing and around 75 percent of the boundary).

Michael Burke from McGrath Upper Hunter said there had been healthy inquiry from regional and metropolitan New South Wales.

“One interested party is looking for their first entry point into the rural property market, while others are producers seeking additional country.”

Lucella is being offered for sale by expressions of interest closing on April 6.

 

Northern NSW mixed farm ticks all the boxes

Inverell rural property specialist Bob Jamieson is selling what he describes as ‘the best mixed farm he has seen in 45 years of agency work’.

The 910ha Croye is situated on the western edge of the Kings Plains Plateau overlooking Inverell (34km to the west) to Mount Kaputar.

Mr Jamieson said the property ticks all the boxes in terms of location, outlook, climate, soils and water.

“Croye is a beautiful farm. It has a lovely feel and carries my highest recommendation. The soils are predominantly beautiful basalts, the pastures are magnificent and the climate is mild.”

Croye is being offered for the first time in 70 years by the retiring Frizell family and is expected to make around $9 million ($10,000/ha).

The altitude ranges from 851 to 970 metres and the average rainfall is 851mm.

The soils are 95 percent black basalts, with about 40ha of timbered traprock. Around 580ha is suitable for cultivation.

Croye is watered by a bore, 14 dams, numerous springs and the Weean Creek.

The Frizell family has explored the property’s passive income potential with soil carbon and it has been deemed by industry experts as having excellent potential.

While no attempt has been made to investigate the wind and solar potential, Mr Jamieson believes Croye has significant future opportunities.

Croye is being sold by Bob Jamieson Agencies via an expressions of interest campaign, closing on April 8.

 

Strong interest for CQ grazing country

There’s been immense interest in a 3935ha bare block in Queensland’s tightly held Central Highlands.

Situated 50km south west of Springsure and 110km south of Emerald, Lot 17 Euneeke is suitable for breeders, backgrounding and/or fattening.

The country comprises 2640ha of lightly timbered grazing, 1085ha of timbered grazing country and 210ha of dryland cultivation. Previously cleared country has regrowth and is densely covered with mostly buffel grass.

A mixture of softwood scrub, poplar box flats, ironbark and cypress pine lead into a mountain range.

There is good water with four bores (two solar), seven dams and Vandyke Creek frontage. It also features 686mm average rainfall.

Rob Wildermuth from Ray White Rural said Lot 17 Euneeke is a quality block with development opportunities.

“The limited infrastructure makes it an ideal additional low cost running area. The incoming purchaser could expand the cultivation area and increase the livestock carrying capacity with timber regrowth management,” he said.

Lot 14 Euneeke will be auctioned on March 25.

Situated 50km south west of Springsure and 110km south of Emerald, Lot 17 Euneeke is suitable for breeders, backgrounding and/or fattening.

Taroom’s Didgeridoo offered for sale

Taroom’s Didgeridoo has been listed for sale by TopX Australia after failing to sell at auction.

The 2045ha property is located 40km north of Taroom and 160km south west of Biloela in Queensland’s Banana Shire.

The country comprises undulating forest with a scattering of brigalow/belah carrying a high volume of buffel, green panic and natural grasses running down onto gullies and creek flats. Around 1100ha has recently been cleared.

Owned by Chris and Michelle Walton, Didgeridoo can carry between 350 and 400 cows and calves.

The property is watered by four dams and two bores.

The 2045ha Didgeridoo is located 40km north of Taroom in Queensland’s Banana Shire. The country comprises undulating forest with a scattering of brigalow/belah carrying a high volume of buffel, green panic and natural grasses running down onto gullies and creek flats.

 

Click here to access more properties listed for sale

 

 

 

 

 

 

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