A large-scale Central Queensland beef cattle and irrigated fodder portfolio is being offered to the market by Oxley Capital Partners.

The THF Portfolio spans 21,900ha across five properties in the Fitzroy Basin, west of Rockhampton, together with water allocations totalling more than 6600MgL.

The offering comprises:

• 1917ha The Pocket, Gogango, including 5364MgL water allocation
• 3859ha Mostowie, Baralaba, including 400MgL water allocation
• 3168ha Bindaree, Moura, including 850MgL water allocation
• 3744ha Karamea, Moura
• 9212ha Lucie Station, Bluff (near Blackwater)

For the past ten years, the portfolio has been owned by THF Finance, an offshore European family office that has invested extensively into water infrastructure and development in Australia.

It is being divested as part of an internal strategy, but the vendors are also taking advantage of the current strong property and cattle market fundamentals.

The THF portfolio currently operates as a beef cattle enterprise, running 8000-8500 adult equivalents, along with irrigated fodder production.

It includes over 35km of Dawson and Fitzroy River frontages.

Water is also secured by 6614 megalitres of water allocations, with more than 650ha of centre pivot irrigation growing hay and leucaena, under-sown with improved pastures.

An extensive pasture improvement program has been conducted across the portfolio, including blade ploughing, spraying for regrowth and aerial seeding.

All properties are presenting well after recently receiving between 50mm and 75mm of rain.

Oxley Capital Partners managing director Ben Craw is handling the divestment program.

He said the THF portfolio provides scale and diversity all within a strategic location and close proximity to Rockhampton.

Mr Craw is anticipating inquiry from a broad spectrum of buyers.

“The depth of the market is likely to come from locals, farming families chasing expansion and institutional capital seeking scale, quality and potential development opportunities through land use conversion into cotton or permanent plantings, such as macadamia nuts,” he said.

Interested parties can acquire the five properties as an entire portfolio, or individually. The sale program will be undertaken via a two stage expressions of interest program closing on September 17.

Infrastructure and plant and equipment will be included as part of the sale program, with cattle available by negotiation.

• More in tonight’s weekly property review ‘For sale’ summary