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.
- $30m for prestigious NE Victorian grazing
- Livestock & irrigation asset in Tasmania’s north
- Launceston offers award-winning Glen Stuart
- Premier Gundagai grazing should achieve $24-$28m
- Picturesque grazing block in southern NSW
- Bells slice off two Cooplacurripa blocks
- $9-$12m anticipated for Riverina grazing & irrigation
- SA’s historic Talia Station listed for $2.2m
- LAWD property briefs
$30m for prestigious NE Victorian grazing
After more than ten years ownership, the Beddison family is selling what is described as one of the most prestigious rural holdings in north-east Victoria.
Allanvale, pictured above, is situated 9km east of Avenel and 27km north-east of Seymour, at the foothills of the Strathbogie Ranges – a region renowned for its temperate climate and 600mm average annual rainfall.
Featuring productive and versatile land suited to cattle, wool, prime lamb, equine and cropping pursuits, the 1233ha property is attracting strong inquiry from existing farm families and those seeking a lifestyle property.
Nick Myer from Elders Rural Services believes Allanvale will achieve around $30 million.
“It is an extraordinary property boasting a magnificent six-bedroom homestead featuring elegant interiors designed by John Coote, set within a Paul Bangay garden setting.”
Mr Myers said it was challenging to find a grazing property of that scale in the region.
“The current management has conservatively run around 350 cows and 140 replacement heifers. However, these numbers could be significantly increased to around 650 to 700 cows,” he said.
The structural improvements on Allanvale are described as excellent and include quality steel cattle yards, three shearing sheds, extensive machinery, and a world-class surveillance and monitoring system.
There has been extensive natural sequence farming development, ongoing pasture improvement and soil amelioration.
Abundant natural water is supplied via the Reedy and Larrys Hut Creeks, two bores and spring-fed natural catchment dams.
Allanvale is being offered for sale by expressions of interest closing on December 7.
Livestock & irrigation asset in Tasmania’s north
A range of investor profiles is showing good interest in a productive and versatile irrigation asset in northern Tasmania – anticipated to make in excess of $10 million.
The 563ha Bullocks Hunting Ground is near Nunamara, 17km east of Launceston and 28km north-east of Evandale.
The block historically formed part of the larger Dunedin aggregation owned by Samantha Hogg and Marcus Griffin.
Bullocks Hunting Ground is currently managed under a cell grazing system running 11,300 dry sheep equivalents. With further development, numbers could be lifted to 14,400 DSE.
Bullocks Hunting Ground enjoys an extensive frontage to St Patricks River and has a reliable volume of natural water for livestock and irrigation use.
An abundance of water is available via multiple sources including a 2100mgl storage dam and 2000mgl of irrigation entitlement.
Nick Myer from Elders said interest was coming from local, mainland and institutional investors.
Bullocks Hunting Ground is being offered for sale by expressions of interest closing on November 24.
Launceston offers award-winning Glen Stuart
A prominent super fine wool property in northern Tasmania is being offered to the market by the Phillips family after 24 years of ownership.
The 1823ha Glen Stuart is situated 15 minutes from Evandale and 25 minutes from Launceston.
Around 160 hectares are arable and fertilised annually, around 650ha is open native grass run country (semi-improved) and the balance is bush run country.
Over recent years, the vendors have conservatively managed the property by running up to 4000 Saxon Merinos (based on Sierra Park with infusions of Merryville bloodlines).
The property is well known for producing super fine wool (13.5 to 16 microns), achieving record prices and numerous accolades for individual fleeces.
Titles include five international Zegna trophies, the New England Wool Ultimate Clip Competition and two Australian Superfine Wool Growers Association Champion Fleece awards.
Situated in a 700mm average rainfall region, Glen Stuart enjoys more than 3km of Nile River frontage and is watered by dams, springs and waterholes. A 500mgl water licence is included in the sale.
Michael Warren from Nutrien Harcourts Tasmania described Glen Stuart as a once in a lifetime opportunity, explaining it is only being offered for sale due to retirement.
Expressions of interest close on December 1. The commercial flock and stud will be made available to the successful purchaser.
Premier Gundagai grazing should achieve $24m to $28m
Between $24 million and $28 million is anticipated for the premier Gundagai grazing holding Wandeen held by the Nicholls family for the past 120 years.
The 2056ha property is 10 minutes from Gundagai and 35 minutes from Cootamundra and Tumut in the south-west slopes region of New South Wales.
Equally suited to cattle or sheep enterprises, Wandeen is running a 400 head Shorthorn cow and calf operation, and a 5000 head Merino ewe and lamb enterprise.
David Nolan from Webster Nolan Real Estate said Wandeen is conservatively stocked and numbers could easily be increased.
“The property is home to the highly-regarded Wandeen Shorthorn Herd which enjoys a reputation of producing big-bodied cows, with the progeny being proven weight gain performers in the feedlots,” he said.
The breeding and finishing property has a sound fertiliser history, with some arable country suitable for cash cropping and fodder production.
Mr Nolan said the management and presentation of Wandeen was a credit to the current owners.
“George and Geoff Nicholls have implemented a sound fertiliser and pasture program, an annual weed management program, a water reticulation system, as well as constructing all-steel livestock yards in strategic locations across the property.”
Wandeen fronts the Burra, Bongongolong and the semi-permanent Jerusalem Creeks and is watered by 16 dams and three bores.
It will be auctioned on December 13. Both the cattle and sheep will be made available to the successful purchaser.
Picturesque grazing block in southern NSW
Meantime, David Nolan is offering to the market the 353ha Meadow Creek with a $5.75m to $6.25m price guide.
Located 10 minutes from Tumut and 15 minutes from Gundagai, the former dairy farm is suitable for breeding and fattening cattle, prime lambs and fodder production.
The picturesque block features a balance of fertile and versatile alluvial soils and elevated clay-based loam grazing country in an 800mm annual rainfall region.
Boasting a long double frontage to the semi-permanent Meadow Creek, additional water is reticulated from a bore, a spring and dams.
Meadow Creek will be auctioned on December 13.
Bells slice off two Cooplacurripa blocks
After less than a year’s ownership of the renowned northern New South Wales’ property, Cooplacurripa Station, Phillip and Vanessa Bell are carving off almost 5000ha of eastern fall grazing.
In December last year, the Bells paid $35 million ($1458/ha bare) for the large-scale cattle breeding property previously owned by Rifa Salutary.
The Chinese investor had purchased the 24,000ha between Gloucester and Nowendoc in northern New South Wales, in 2015 for $32m including 5000 head of cattle.
Cooplacurripa is the largest holding on the eastern fall of the Great Dividing Range and consists of three properties known as Cooplacurripa, Number One and the Nowendoc Saleyards.
Number One Aggregation, spanning 1196ha, features productive land rising from Rowley River flats through to arable slopes and timbered hills.
Currently running 6300 dry sheep equivalents, significant production upside is possible by further fertiliser investment, sowing pastures on the arable land and developing irrigation.
Water is secured by multiple sources such as the Rowley River, creeks and 23 dams.
The operation benefits from an average annual rainfall of 1064mm and has an underutilised 82 megalitre river water entitlement, with underground mainlines connected to around 20ha.
Due to the significant road frontage, Mr Medway said there were potential subdivision options.
Number Two offers a mix of high rainfall grazing and an investment opportunity to continue hardwood forestry and explore carbon farming or biodiversity offsets.
Located 87km south-east of Walcha or 94km north-west of Taree, around 82 percent (3075ha) of the 3741ha block consists of native bushland, with the remaining 666ha of open grazing.
In the past, Number Two was the grow out block for Cooplacurripa Station running 600 heifers or 4800 dry sheep equivalents.
With a 3.8km frontage to Rowley River, Number Two is watered by numerous creek systems as well as 26 dams.
Col Medway from LAWD said the block would be ideal for Human Induced Regeneration (HIR) or Native Forest from Managed Regrowth (NFMR) projects.
Number Two has an approved Property Vegetation Plan (PVP) for Private Native Forestry (PNF) that expires in May 2031 and zoning approval for 100ha subdivision lots.
Mr Medway is anticipating more than $8 million for Number One and around $4-$4.5 million for Number Two.
The two blocks are being offered for sale separately by expressions of interest closing on December 1.
$9m to $12m anticipated for Riverina grazing & irrigation
A well-regarded grazing and intensive irrigation property in New South Wales’ Riverina region is anticipated to make between $9 million and $12 million.
New South Wales-based AWG Rural is offloading Glenfyne Farms to rationalise its Australian agricultural holdings.
The 1026ha property is located 7km south-west of Narrandera, 35km from Leeton and 2km from the Murrumbidgee River.
The property has a 960 head licenced beef cattle and a 750 head sheep feedlot.
As well as grazing, the red sandy loam soils are suitable for dryland and irrigated cropping, vegetable production, permanent plantings, horticulture, an intensive dairying operation or a solar farm.
Glenfyne Farms has an 18 megalitre stock and domestic water access licence and a 10mgL river water access licence to the Murrumbidgee River.
In the 1980s, under the ownership of the Brosso Family and Rural Improvements (a subsidiary of Kerry Packer’s Consolidated Press Holdings), the property was extensively developed and improved into a high-tech irrigation operation.
Featuring extensive working improvements, Glenfyne Farms also presents a strong land banking opportunity due to its R4 Zoning (Primary Production Small Lots).
Gary Johnston from the Forbes-based Johnston Rural Group believes the property’s diversity will make it attractive to a broad range of buyers.
Glenfyne Farms is being offered for sale by expressions of interest closing on December 8.
SA’s historic Talia Station listed for $2.2m
South Australia’s historic Talia Station on the Eyre Peninsula has been listed for $2.2 million.
The 13,283ha holding (11,200ha pastoral lease and 2083ha freehold) operates as a sheep station that is rated to run 2000 dry sheep equivalents.
Located 20km from Venus Bay and 45km from Elliston, the holding was settled in 1856 by J. T. Symes. Shortly afterwards Talia Station was acquired and named by John Harris Browne from an Aboriginal word meaning ‘near water’.
The country is slightly undulating with open limestone grazing, open grasslands, broken to dense mallee, areas of former she-oak grasslands and sandier soils to the north.
Water is supplied by eight wells and bores.
Justin Thompson from Nutrien Harcourts is handling the marketing and the sale.
LAWD property briefs
LAWD has a string of quality properties hitting the market this month. They include:
LAWD and Oxley Capital are offering a 261ha dual income opportunity at Somerton, on the banks of the Peel River, 40km north-west of Tamworth in northern New South Wales.
Moana is a poultry production enterprise boasting eight state-of-the-art broiler sheds. The rich alluvial creek flats are used to background cattle, but they could also be used for breeding and agistment.
Moana is being offered to the market by expressions of interest closing on November 17.
A high rainfall grazing property on the Southern Tablelands of New South Wales is also being offered for sale by expressions of interest closing on November 24.
Bald Hill is a 439ha livestock breeding platform suited to cattle or sheep, 27km from Crookwell.
The country rises from creek flats through to arable slopes and grazing hillsides running 4481 dry sheep equivalents.
Bald Hill is securely watered by a permanent creek, 19 dams and an unequipped bore.
LAWD is marketing a livestock breeding platform in the renowned Monaro region of New South Wales.
Windella is an 835ha high rainfall grazing property, 59km from Cooma.
Offering a mix of river flats rising to basalt plateaus, the property can run 4500 DSE.
Fronting the Maclaughlin River, watered by two creeks and seven dams, Windella is for sale by expressions of interest closing on December 1.
A grazing and irrigated and dryland cropping property fronting the Murrumbidgee River is being offered in the Eastern Riverina.
Walteela is 13km from Wagga Wagga, positioned on the high side of river providing flood protection.
The 1029 hectares are highly developed and include 1790mgl of water entitlements.
Walteela is for sale by expressions of interest closing on December 8.
The 378ha mixed grazing and farming property is an ideal bolt-on addition for existing enterprises or for first time ag-investors.
Located 8km from Gooloogong and 45km from Cowra, the livestock breeding system features permanent pastures and sheltered grazing areas.
To date, Sunny Slopes has been conservatively managed and has finished 1850 crossbred lambs on grazing canola.
Water is reliably supplied by 11 dams including a number that are spring fed.
Sunny Slopes is being offered for sale by expressions of interest closing on December 8.