This week’s property review includes this summary of recent listings of note, and a separate article on recently completed sales.
- Iconic New England property hits the market
- More than $14m anticipated for Victorian Wagyu stud
- Canegrass Station boasts strategic water & fencing
- Tourism potential for SA grazing enterprise
- Mt Surprise station returns to the market
- Highly productive Central Tablelands country
- Eastern Riverina operation likely to fetch more than $4m
- More than $5.6m sought for Winton downs country
- Water attraction in southern Qld offering
Iconic New England property hits the market
One of the last remaining large-scale grazing operations in the New England is being offered to the market by Colliers International Agribusiness.
Spanning 5790ha, the iconic Kingsgate Station is located 32km east of Glen Innes.
Owned by the Quilty family since 1983, Kingsgate has boasted one of the largest Hereford female herds in northern New South Wales.
The country consists of pasture-improved open grazing country through to semi open and timbered grazing.
It features double frontage to the Sheep Station Creek and Yarrow River, 50 dams and three bores.
Typically, the New England experiences around 1000mm of annual rainfall, however the region is currently drought stricken and as a result, cattle numbers are well below the 1000 breeders and followers the property is estimated to carry under normal conditions.
Despite the conditions, selling agent Jim Guilfoyle is confident Kingsgate will achieve market value.
“It is a reasonable sized enterprise for the region and the Quiltys have improved the watering points and fencing. Kingsgate is in good condition and has substantial development potential to increase carrying capacity. It also comes with some annual forest grazing permits,” he said.
Kingsgate is expected to attract substantial local interest, plus inquiry from large farming families and corporates.
The property is being offered to the market via an expressions of interest campaign closing on November 7.
More than $14m anticipated for Victorian Wagyu stud
More than $14 million is anticipated for Victoria’s Moyhu Wagyu Aggregation, carrying a renowned and registered Fullblood Wagyu stud.
The enterprise, pictured at top of page, is situated in highly-productive, high rainfall country at Meadow Creek, in the foothills of the Victorian Alps, near the King Valley which is renowned for its fine wines and foods.
The aggregation spans 848ha and consists of four properties – Leatarn, Hancocks, Bartons and Sampsons, which are just 5km apart.
The Moyhu Wagyu stud boasts an outstanding 1000 head herd (including 550 breeders) focused on breeding Fullblood stud stock and high-marble score Wagyu beef.
The cattle run on a mix of improved pastures based on rye grass, phalaris and clover with some native grass pastures.
Moyhu has been aggregated over the past 20 years by Bob Officer who has decided to sell due to succession planning.
Rawdon Briggs from Colliers International said most of the interest so far had come high-net worth individuals.
“The Moyhu Wagyu Aggregation is a turnkey opportunity. The successful bidder will have the opportunity to take control of an enterprise with a management team in place and on-going cash flow,” he said.
Moyhu aggregation is being offered for sale on a walk-in walk-out basis, via expressions of interest, closing on October 23.
Canegrass Station boasts strategic water & fencing
There’s been Australia-wide interest in a South Australian sheep station featuring carefully engineered water and grazing systems.
The 52,000ha Canegrass Station is located 70km from Morgan and 170km from the Barossa Valley.
The low labour input operation is rated to carry 6400 adult sheep and boasts easy mustering and management, with a system of 29 self-mustering gates and associated watered holding yards.
There are also dams and pipelines to strategic water points which have recently been cleaned.
Geoff Schell from Ray White Rural South Australia said the vendors are committed to sell because they are pursuing other business interests.
“Greg and Carol Patten purchased Canegrass Station in 2006 and subsequently obtained an organic certification for sheep and goats, installed more than 200km of top class fencing and destocked 60 percent of the property to allow for regeneration, providing an immediate feed opportunity,” he said.
Mr Schell said as a result, several environmental groups were interested in the property’s diversity and vegetation type.
“Enquiry is also coming from producers from Broken Hill looking for feed security, a Sydney investor and mixed farming enterprises from South Australia, Victoria and NSW seeking a breeding base.”
Canegrass will be auctioned on October 4.
Tourism potential for SA grazing enterprise
With a picturesque backdrop of the Flinders Ranges, South Australia’s Moralana Station will be auctioned by Landmark Port Augusta on October 24.
The 62,133ha operation is located 40km north of Hawker and 120km from Quorn and is being offered on a walk-in, walk-out basis with cattle, sheep and plant and equipment.
Moralana receives beneficial flood-out from four major creeks that run through the property from the western slopes of the Flinders Ranges creating significant areas of flood-out country.
The terrain is principally flat with a portion of hill country on the south east corner. The most impressive outlook provides views towards the western side of Wilpena Pound, which feed the underground aquifers and creeks which run through the property.
The Moralana, Ilka, Etowie and Bunyeroo Creeks all run through or onto the station.
Beneficial flood-out is a major asset to Moralana’s productivity. Vegetation includes Cannonball, Munyeroo, Bluebush, Salt Bush, Button Grass, Flinders, Mitchell, Acacia, Mulga and native clovers with Redgums in the creek lines.
Over the past seven years, the owners have spent considerable capital on every aspect of the station including infrastructure, buildings and water reticulation.
The location, facilities and surrounding scenery also make this a perfect tourism opportunity for those seeking to add value.
The productivity history (over the past nine years) is an average carrying history of 753 cattle and 4083 sheep.
Mt Surprise station returns to the market
One of few freehold title pastoral enterprises in North Queensland has returned to the market and will be auctioned by Slaney & Co on November 13.
Rocky Springs is located 400km north west of Charters Towers and 330km south west of Cairns. It borders the Mt Surprise township to the east and has a 20km double frontage to Highway 1, the Savannah Way.
The 17,650ha holding is flat to undulating basalt country interspersed by basalt ridges, fertile creek frontages, spring fed and seasonal creeks.
The land types range from timbered red and black basalt soils to alluvial creek frontages with sandy duplex soils to granite ridges.
Rocky Springs has two major flowing permanent spring fed creeks, Fossilbrook and Elizabeth, which run east-west through the length of the property and in doing so provide year-long spring fed stock water and fertile grazing frontages.
Leuceana has been established on 40ha since 2010 and now provides reliable fattening capability.
Rocky Springs can sustainably carry 3500 mixed cattle or 2800 LSU. It is currently being run as a breeding unit supplying dry cattle to Doug and Mary Buchanan’s other fattening properties near Innisfail.
Selling agent Henry Slaney said Rocky Springs lends itself to the establishment of a tourism business.
“Mt Surprise is visited three times per week by a passenger bus from Cairns and the weekly Cairns-Forsayth-Cairns historic tourist train traverses part of the north west section of the property during the tourist season. It is a short drive to the Undara Lava Tubes, Cobbold Gorge and the gem fossicking area at O’Brien’s Creek.”
After 30 years ownership, the Buchanans have decided to downsize. Included in the sale are around 3000 good quality Brahman and Brahman cross branded cattle.
Highly productive Central Tablelands country
The fat lamb factory, Dunns Plains, in New South Wales’ Central Tablelands is being offered to the market by Inglis Rural Property.
Situated 5km from Rockley and 38km from Bathurst, the 2609ha block can carry 4500 prime composite ewes and 550 breeding cows and fattening progeny.
It could also operate as a dedicated prime lamb production base running between 8000 and 8500 composite ewes plus followers.
The open creek flats rising to gentle slopes country features strong black and red volcanic soils providing a balance of heavy creek flats on Peppers Creek rising to heavy red basalt loams.
Dunns Plains offers highly productive country with 60pc arable and sown down to perennial pastures, including phalaris, cocksfoot and clovers, and crops of oats and rye grass.
Permanent water is supplied by Peppers Creek and Jumpers Flat Creek, two bores and a well. The property also has a windmill and a network of surface dams, some of which are spring fed.
Expressions of interest for Dunns Plains closes on October 30.
Eastern Riverina operation likely to fetch more than $4m
Coreena East, in New South Wales’ Eastern Riverina, is expected to fetch between $4m and $4.5m ($8385-$9434/ha) when it is auctioned later this month.
The 477ha property is situated in the heart of the Eurongilly Valley, renowned for its pasture and fodder production, as well as its prime lamb and beef production capabilities.
Coreena East boasts rich red loam soil farming country and basalt low hill grazing country.
This, together with its favourable 550mm annual rainfall have seen management operate it both as a highly productive cash and fodder cropping property, and a livestock breeding and fattening operation running on improved and native pastures.
An equipped bore supplies water to nine troughs, together with a network of 11 surface dams.
Rated to carry up to 4500 DSE, management suggests that an ideal mix of operations for Coreena East could include the growing of 180ha of cash or fodder crop per annum, together with 1500 Merino ewes for wool and lambs or 1000 crossbred ewes producing prime lambs for the domestic market.
The holding forms part of the well-known property, Coreena held for the past 26 years by the Bunn family, and prior to that by the Blair and Ashton families.
It is being offered for sale via online auction on October 29 by Sydney-based rural property specialists Meares & Associates.
More than $5.6m sought for Winton downs country
Brodie Agencies is seeking more than $5.6 million ($326/ha) for good quality downs country in western Queensland’s Corfield district.
Owned by Ron and Rachel Earle, who are downsizing, the well grassed Coralton spans 17,424ha and is situated 75km north of Winton.
The country is a good balance of grey and chocolate cracking soils, heavy carrying undulating open pebbly downs running down to the Dillalah, Irene and Olio Creek channels.
Buffel grass is scattered along the creek channels and out onto the downs, but there is a heavy infestation of prickly acacia.
Selling agent Tom Brodie said the grass cover was very good for this time of year.
“Covering more than 12,000ha, the incoming purchaser could comfortably carry between 1000 to 1250 head of cattle until the normal summer wet season,” he said.
Coralton has 14 dams and an artesian bore that is jointly owned with the neighbouring property Lilford (there is a registered water agreement in place).
Last year Lilford (a 16,152ha breeding or fattening property) sold for $4.1m ($254/ha) bare.
Mr Brodie said the price difference this year was a $50/ha increase.
“The reason for the premium is producers (from Queensland, the Northern Territory and South Australia) looking for grass. I have sold 11 properties and several more have gone to contract subject to finance this year, and most have been purchased by grass buyers,” Mr Brodie said.
Water attraction in in southern Qld offering
Feedlots in southern Queensland are likely to be among those showing interest in a 79ha block boasting significant water access.
Situated at Carpendale on the Lockyer Creek, 25mins from Toowoomba, the block has a potential estimated water capacity of 2500 to 7500 Ml (storage, two bores and three water licences).
The block also offers a high yielding opportunity for forage or grain cropping, aquaculture, vertical farming or horticulture.
Scan Property Consultants are handling the expressions of interest campaign which closes on October 24.