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.

• Unique cattle & sheep station on SA’s River Murray
• Hammers offer NQ’s Annavale & Basalt Farm
• Feedlot approval for Goondiwindi’s Carpendale Portfolio
• $50m+ for Tasmanian grazing & cropping asset
• Southern Qld’s Bona Vista lists for $27.5m

Mundoo Island is the only pastoral property that sits where the River Murray meets the Southern Ocean, flanked by both fresh and saltwater systems

Unique cattle & sheep station on SA’s River Murray

The last cattle and sheep property on South Australia’s River Murray is being offered for the first time in more than 100 years by the Grundy family.

Established in 1843, Mundoo Island Station is run over a series of islands – the largest being the 1197ha Mundoo Island (885ha freehold and 312ha leasehold) and the 710ha (leasehold) Ewe and Long Islands.

Situated 1.5 hours south of Adelaide, the holding is close to Goolwa on the Fleurieu Peninsula.

It presents as a working cattle and sheep station, supporting an Angus beef commercial herd, Dorper sheep, Aussie White stud rams and some horses.

In summer months, the Grundy family moves livestock from Mundoo on to Long Island because it grows abundant feed after being water-logged during the winter.

Colliers Agribusiness has been appointed to sell the station, with agent Tim Altschwager describing it as a once in a lifetime opportunity.

“Mundoo Island is the only pastoral property that sits where the River Murray meets the Southern Ocean, flanked by both fresh and saltwater systems.”

Mundoo Island is also a unique and ecologically valuable ecosystem situated in the Coorong Lakes and Wetland Ramsar Site – a wetland of international importance and one of the most significant wetlands in Australia.

Mr Altschwager said the unique disposition of the three islands allows them to support an incredible ecosystem supporting migratory birds and threatened wildlife.

Given its significance, interest is likely to come from the National Parks and Wildlife Service, the Department of Environment and Water, environmental and conservation groups for potential regeneration and eco-tourism opportunities, as well as livestock operators.

In the past, Mundoo Island Station ran farm stays, camping, history, photography and bird watching tours.

Infrastructure includes multiple dwellings, cattle and sheep yards, a shearing shed and numerous sheds.

Mundoo Island Station is offered for sale by expressions of interest closing on September 25. No price guide is being offered.

Hammers offer NQ’s Annavale & Basalt Farm

Peter and Sue Hammer are scaling back operations and selling their feedlot, grazing and irrigated farming enterprises in North Queensland’s Upper Burdekin.

The couple and their family run a Brahman stud on a neighbouring property, a large earthmoving business, a Thoroughbred horse stud and racing team, as well as a substantial work force.

The adjoining 2626ha Annavale and 566ha Basalt Farm are situated on the Burdekin River, 20km north of Charters Towers and 150km south-west of Townsville.

The aggregation is located between the vast cattle supply from North Queensland breeding herds, existing local grassfed live export and slaughter markets, as well as southern grain feeder and slaughter markets.

In July last year, Basalt was purchased by the Hammers for $4.8 million including 40 mixed weaners.

Mr Slaney said the aggregation’s location and scale would suit a range of buyers including producers, corporates and investors.

“Annavale and Basalt have sufficient scale to support a stand-alone operation for cattle and/or mixed farming.”

Mr Slaney said the aggregation’s ideal location, capacity, flexibility and production predictability offers integrated value-adding for a large cattle breeding enterprise.

“This could include a Wagyu feeder backgrounding opportunity or a stud cattle operation including bull breeding for open market sale or supplying the purchaser’s existing breeding enterprise.”

The irrigated farming country has six pivots and one lateral move irrigator with the farming focus offering 270ha of irrigated crop production for the feedlot, including wheat, barley, forage sorghum and Rhodes grass.

The Hammers have been operating a small high-grade Brahman breeding herd with young females redirected back into the herd and the balance of cattle sold to the backgrounding, live export or slaughter markets.

The 1600 Standard Cattle Unit feedlot is offered with an additional DA-approved 3400SCU and provides custom feeding, cattle backgrounding and grain finishing.

Combined, the properties have a 5050ML water allocation and a 910ML water storage, supported by a reliable flow from the Burdekin River.

The farms will also benefit from the proposed Big Rocks Weir which is located upstream.

Although meters are installed on both properties, currently no fees are imposed for the irrigation water.

Annavale and Basalt are flat with creek frontages offering goldfield, granites, alluvial, black and basalt soils which respond quickly to small rain events and grow stylo, buffel and native grass pastures.

Infrastructure includes a home, a staff house and quarters, a 1600SCU feedlot, three cattle yards, several sheds, silos and two concrete silage bunks.

Slaney & Co agent Henry Slaney said separately or combined, the two properties provided the incoming purchaser with a going concern opportunity.

Annavale and Basalt Farm are being sold as a whole via expressions of interest closing on September 12.

Annavale and Basalt Farm include a 1600 SCU feedlot, with an additional DA-approved 3400SCU license providing opportunity for custom feeding, cattle backgrounding and grain finishing.

Feedlot approval for Goondiwindi’s Carpendale Portfolio

In southern Queensland’s Border Rivers region, an institutional dryland cropping opportunity, grain receival site and transport/logistics fleet is being offered for sale with approval for a feedlot.

The 13,740ha Carpendale Portfolio is located on the northern side of the Macintyre River, 30km north of Goondiwindi, in a 578mm average annual rainfall area.

LAWD agents Danny Thomas and Jaclyn Hope and Nutrien Harcourts Goondiwindi agent Andrew Jakins have been appointed to sell the five non-contiguous holdings – 2525ha Manus, 4115ha, Tingan and Nomby, 2576ha Bendidee, 3338ha Carpendale and 1186ha Mayfair.

Nomby has development approval for a 20,000 Standard Cattle Unit feedlot with access to 120ML of licenced bore water (Surat Hutton groundwater) and 35ML of Gubberamunda groundwater.

Most of the soil types are chocolate to brown self-mulching cracking clays with some lighter sandy soils, with 12,259ha (89 percent) considered arable.

The portfolio is operated as a dryland cropping enterprise growing wheat, canola and barley in the winter months and sorghum during summer. However, it is also suited to chickpeas and corn.

An adjacent 5627ha of leasehold land (97 percent of which is arable) provides additional scale and operational efficiency. It comprises 858ha Colorado, 1168ha Akaringa, 1937ha Cobblecundy and 1665ha Flock and Balandry.

Three years ago, significant capital was invested into land class development including the levelling and improvement of 1611ha of melon hole influenced cropping land, and the conversion and levelling of 1272ha of grazing and 482ha of shade line country.

The grain receival site has 175,000t of bunker storage and 6230t of elevated silo storage, as well as an extensive transport/logistics fleet.

Infrastructure includes multiple residences and staff accommodation, a weighbridge, 2710t of grain storage and numerous sheds.

The Carpendale Portfolio is being offered for sale by expressions of interest closing on September 5.

A significant grain receival site on Carpendale supports grain production, with a total capacity of 175,000 tonnes across 14 grain bunkers and 6,230 tonnes of elevated grain silos.

$50m+ for Tasmanian grazing & cropping asset

Around $50 million is anticipated for a blue-ribbon grazing and irrigated and dryland cropping opportunity in Tasmania’s Northern Midlands.

Owned by the Peltzer family for more than 70 years, the 2683ha Logan is situated 20 minutes from Launceston.

Given Logan’s highly secure water, fertile soils and excellent climatic conditions, the property lends itself to a broad spectrum of agricultural pursuits including intensive cropping, horticulture, grazing and dairying.

It offers first class irrigation with 602ha developed to centre pivots, with additional land earmarked for irrigation development which would further enhance production.

A standout feature is the gravity-fed irrigation system with a network of strategically placed dams, optimising efficiency by eliminating the need for pumping.

Around 1290ha can be used for grazing or dryland cropping, there is 689ha of undulating grazing and the balance comprises remnant vegetation and pine plantations.

LAWD senior director Danny Thomas said properties of this scale rarely come to market in the tightly held Evandale district.

“Since it was first settled in the early 1800s, Logan has had three owners and the Peltzer family, who have been custodians since 1950s, have developed it into a successful and progressive prime lamb operation.”

Mr Thomas said the turnkey operation would appeal to a range of buyers.

“Interest is likely to come from domestic and international corporate farming groups, institutional investors, existing landholders seeking expansion opportunities and high net worth individuals looking to secure a showpiece asset.”

Clare Peltzer said it was time for the family to move on.

“Our family is proud of what it has achieved across the property, however there is still scope for further development,” she said.

Boasting an extensive frontage to the Rose Rivulet and Jeffries Creek, water is secured from a 600ML licence from the Rose Rivulet and three dams with 2200ML of capacity.

Infrastructure includes an historic, circa 1880 five-bedroom homestead, a further four dwellings, a shearers quarters, a hunting lodge, a modern five-stand shearing shed, sheepyards, 240-tonnes of silo storage, a 70t fertiliser bunker and numerous sheds.

Logan is being offered to the market by expressions of interest closing on September 12.

Boasting an extensive frontage to the Rose Rivulet and Jeffries Creek, Logan’s water is secured from a 600ML licence from the Rose Rivulet and three dams with 2200ML of capacity.

Southern Qld’s Bona Vista lists for $27.5m

A southern Queensland blue-ribbon backgrounding property has been listed for $27.5 million.

The 10,074ha exclusion fenced Bona Vista is situated 70km from St George and halfway between Roma and Mitchell.

Held by retiring vendors Lance and Margie Fox since 1997, the property is well located, close to markets and feedlots.

Elders agent Jon Kingston said Bona Vista would complement a large-scale cattle operation.

“The good middle ground country would suit producers wanting to bring cattle from the west to the east or from the north to the south.”

Around 60 percent of the country consists of self-mulching black soils, with the balance comprising lighter red loams.

The grasses are mostly buffel and Mitchell with some areas planted to improved pastures running around 2500 adult equivalents.

Bona Vista is divided into 18 paddocks all connected with a well-designed laneway system for ease of handling.

Timbers are largely brigalow and belah with a mix of myall, box, wilga, sandalwood and coolibah. There is a small area of mulga on its western boundary.

Around 2430ha of cultivation country has previously grown oats or improved pastures with 200ha currently prepared for leucaena planting.

Bona Vista is watered by an artesian bore and 16 dams.

The infrastructure is described as excellent and includes two homes, a machinery shed, two sets of steel cattle yards and an airstrip.