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

• Grazing & irrigation assets tipped to raise $30m
• Historic New England property offered after 123 years ownership
• New England grazing block to be auctioned
• Picturesque grazing & irrigation near Gunnedah listed for $6.3m
• Riverina high rainfall block could make $7m
• NT depot relists for $4.5m

Oinmurra near Dirranbandi is one of two Grimwade & Gordon properties in southern and south-western Queensland anticipated to make more than $30m

Grazing & irrigation assets tipped to raise $30m

Grazing partnership Grimwade & Gordon is hoping to raise more than $30 million following the sale of two grazing and irrigation assets in southern and south-western Queensland.

Colliers Agribusiness boss Rawdon Briggs said Oinmurra and Melrose were purchased by Grimwade & Gordon, a partnership between former Rich Lister Michael Gordon and George Grimwade, son of graziers Jane and Martin Grimwade, over a five year period.

“At the time, the properties aligned with the company’s northern aggregations but recently, the business had increased its focus on southern market access, logistics and additional landholdings,” Mr Briggs said.

“This means they now fall outside of the operation requirements of the vendor.”

Oinmurra

The 12,053ha Oinmurra is a cattle and sheep enterprise located in the Balonne region, 40km northwest of Dirranbandi and 70km southwest of St George.

The exclusion-fenced property offers flat red soils with established buffel grass pastures and some melon hole country and alluvial plains.

While the current focus is on goat and sheep production (running around 20,000 goats), Colliers agent Phillip Kelly said Oinmurra had a proven cattle grazing ability.

“Historical information suggests it can run up to 1000 breeders plus weaners and calves. A recent assessment indicates a carrying capacity of around 2000 adult equivalents or 17,000 dry sheep equivalents.”

A highly productive artesian controlled flowing bore feeds two dams and seven tanks which connect to 31 watering troughs across the property.

Infrastructure includes a four-bedroom home, a cottage, a workshop, a five-stand shearing shed, two steel cattle yards and sheep/goat yards.

Mr Kelly said in the last week, the well-fenced and watered Oinmurra had received between 63mm and 89mm of rain – setting it up well for the coming season.

https://www.youtube.com/watch?v=Teky9SpRERM

Melrose aggregation

Offers of around $15 million are anticipated for Grimwade & Gordon’s irrigation asset in south-west Queensland.

The 1520ha Melrose, 3km west of Cunnamulla, is an aggregation of two properties first purchased in 2019 and then added-to in 2022.

Presently, run as a hay and livestock depot business, LAWD said the water security, expanded irrigation potential, infrastructure, location and management present a unique opportunity for a diverse range of uses and highly productive enterprises.

Combined, the significant Warrego River irrigation asset sources 6388ML of water from the Cunnamulla Weir supported by an additional 300ML underground licence, as well as a bore.

Colliers agent Nicholas Warmington said with grey self-mulching cracking clays and red brown earth soils, Melrose has the capacity to produce several crop and fodder varieties.

“With established low cost and efficient irrigation systems and management in place, Melrose offers buyers an opportunity to purchase a drought proof property in a tightly held region,” he said.

Infrastructure includes three main homes and substantial worker accommodation, workshops, several machinery storage sheds and steel sheep and goat yards.

The sale of Oinmurra and Melrose is being handled by Messrs Briggs, Kelly and Warmington together with LAWD agents Danny Thomas, Elizabeth Doyle and Simon Cudmore.

The two properties will be sold separately through an expressions of interest process closing on December 12.

https://www.youtube.com/watch?v=ykpp92H39jM

Historic Glen Innes property offered after 123 years ownership

For the first time in 123 years, the historic New England property Clarevaulx Station is being offered for sale by the McIntosh family.

Originally settled by Captain Phillip Ditmas, the 3548ha property is situated 10km north of Glen Innes and 64km from Inverell.

Ray White Rural agent Geoff Hayes reports good early interest from a diverse range of buyers.

“Clarevaulx boasts quality and scale. It is an established, easy to manage property with low labour input required and with capacity to expand,” he said.

The country comprises 1550ha of open grazing running 24,000DSE, 1000ha of premium deep basalt and alluvial cultivation and 1000ha of gently undulating cultivation suited to fodder cropping and further development.

Situated in a 900mm annual average rainfall region, Clarevaulx is well watered by the Reddestone, Reedy and Five Mile Creeks, as well as a number of dams.

Infrastructure includes a circa 1860s four-bedroom homestead with some original features, three machinery sheds, a workshop, 600 tonnes of grain storage, a six-stand shearing shed, two sheep yards and two cattle yards.

Clarevaulx Station will be auctioned on December 15.

Situated in a 900mm annual average rainfall region, Clarevaulx is well watered by the Reddestone, Reedy and Five Mile Creeks, as well as a number of dams.

New England grazing block to be auctioned

Also in the renowned New England region of New South Wales, Ray White Rural will auction a cattle, wool and prime lamb operation on December 15.

Midlands is situated in a 900mm rainfall district, 22km north-west of Guyra and 57km from Armidale. For the past 18 years it has been held by Andrew and Sue Ross.

The 1006ha of country is gently undulating and consist of basalt and trap soils with some loamy creek flats. Around 75 percent is arable.

Midlands has an estimated carrying capacity of 9500DSE. Vendor Sue Ross believes with additional forage crops and pasture improvements this number could be increased.

The property features a 1.5km double frontage to Georges Creek and is watered by 33 dams (mostly spring-fed), as well as two equipped bores.

Midlands has been developed with good fencing and laneways for ease of management.

Infrastructure includes two homes, modern steel cattle yards, sheep yards and numerous sheds.

Picturesque grazing & irrigation near Gunnedah listed for $6.3m

Gunnedah’s Peter and Julianna McArthur have listed their northern New South Wales livestock grazing and finishing block with irrigation for $6.3 million.

The 1489ha Windfall is located on the banks of the Namoi River, 22km from Manilla and an hour north of Tamworth.

Purchased by the couple in 2017, the property was home to the Clay Pool Poll Herefords. Capable of running up to 5000DSE, the McArthurs are currently running 2000 ewes and 2400 lambs, and between 50 and 80 cows and calves.

The country, which has received 50mm in the last week, ranges from alluvial river flats to large open valleys with red basalt soils and more heavily timbered steeper sides.

Richard Royle from Cullen Royle Sydney reports very good inquiry from producers from South Australia, Queensland and western New South Wales looking to relocate and downsize to picturesque and well located country with secure water.

There are two irrigation licences attached to Windfall including 212ML from the Namoi River and a further 100ML aquifer licence, supported by 23 dams.

Two centre pivot irrigators are used to water the 40ha of lucerne and forage crops.

Infrastructure includes three dwellings, a new four-stand shearing shed, sheep and cattle yards, numerous sheds and several silos.

Windfall is being sold by Mr Royle together with Purtle Plevey Agencies agent Samuel Plevey.

Infrastructure on Windfall includes three dwellings, a new four-stand shearing shed, sheep and cattle yards, numerous sheds and several silos.

Riverina high rainfall block could make $7m

High rainfall and productive grazing country in New South Wales’ Riverina is expected to achieve between $6.5 million and $7 million when auctioned on December 12.

The 750ha The Brothers, located 10 minutes from Nangus and 25 minutes from Gundagai, is ideal for cattle, prime lamb and wool production.

The block is currently running 250 cows and calves and 2000 ewes and lambs on grazing lucerne which has been successfully grown in a number of paddocks.

Around a third of the property is arable with the soil types ranging from alluvial soils along Native Dog Creek, red soils in the rising grazing country and sedimentary-based loams in the higher and elevated grazing country.

David Nolan from Webster Nolan Real Estate said The Brothers is an ideal stand-alone or add-on property.

Situated in a 711mm average rainfall region, the property features a long double frontage to the Native Dog Creek and sources additional water from eight dams.

Infrastructure includes steel cattle yards and sheep yards, with several picturesque home sites.

Passed-in: NT depot relists for $4.5m

A well-positioned Northern Territory depot block located one hour from Darwin Port has returned to the market with a $4.5 million price tag after failing to sell at auction.

Owned by Katherine-based company Hammaco (Kurt Hamma and Meg Elliott), the 543ha Heaton Hill is situated near Tortilla Flats, 15km north of Adelaide River and 30 minutes from the Batchelor Meatworks.

With Stuart Highway frontage, it has all-season road access and is well established to gamba grass and seasonally stocked with 700 feeder cattle.

The balance is ridge country, with most of the fencing renewed over the last 10 years and watered by two bores.

Heaton Hill features all-steel, 2000 head cattle yards for feeding and spelling, depot yards, an undercover race, shaded feed yards, sprinklers, loading and unloading ramps and lights for 24/7 pick-ups and delivery.

Around 150ha are established to hay paddocks (jarrah and tully grass) yielding between 3000 and 4000 large square bales of hay a year, with the capacity to increase.

The infrastructure includes accommodation, a commodity shed, a workshop and underground three-phase power.

The sale is being handled by Nutrien Harcourts GDL agents Toni Coutts and Andrew McCallum.