Property

VIP buyers expect to pay more than $19.5m for Giro Station + VIDEO

Property editor Linda Rowley, June 17, 2020

THE New South Wales cattle property market will shortly be tested by one of eastern Australia’s outstanding beef cattle producing properties.

The 8014ha Giro Station, located 54km from Gloucester and 176km from Newcastle, is anticipated to achieve upwards of $19.5 million through an expressions of interest campaign being conducted by Inglis Rural Property.

The dedicated beef breeding platform is likely to attract the attention of large-scale cattle breeders, off-farm investment groups and western producers looking for a sizeable breeder block in a reliable high rainfall region.

Click the link below to view a short video

Sam Triggs from Inglis Rural Property said the property received considerable rain in the last six months, resulting an abundance of grass and ground cover.

“The calf factory has a demonstrated carrying capacity of 1500 to 1700 breeding cows plus progeny. However, there is scope to boost production to over 2000 breeding cows through further fertiliser application, fencing, water systems, professional management and irrigation development,” he said.

Mr Triggs said Giro Station was one of the mid North Coast’s most treasured and historic holdings.

“It boasts stunning dramatic hills rolling to fertile valleys and pristine rivers with high production capability underpinned by high rainfall. A unique aspect is the huge size of the property, given that it is located just four hours from Sydney.”

The country on Giro Station is characterised by undulating valleys rising from pockets of alluvial flats to open grazing hills, comprising native grasses onto steeper timbered landscapes.

Situated on two major river systems, it has dual frontage to both the Barnard and Myall Rivers. There are numerous creeks and tributaries running through the property as well as a network of surface dams.

Giro Station also has an irrigation entitlement attached to the Lower Barnard River water source of 665 megalitres.

Improvements

Mr Triggs said over the last two years, the vendor had invested significantly in fencing, fertiliser, cattle yards, access roads and laneways.

“Most of the working improvements, particularly cattle yards, have been replaced to promote efficient livestock handling and staff safety allowing for more efficient and streamlined husbandry processes.”

Mr Triggs said Giro Station boasted state-of-the-art cattle yards.

It features a recently completed set of all-steel cattle yards (capacity 800 head) complete with a Clipex pneumatic vet crush and five-way drafting system, undercover race and working area, as well as a loading ramp with semi-trailer loading access.

There are an additional three sets of recently built National Steel cattle yards with curved race and Bullock Pacifier vet crushes, undercover working areas and range from 175 to 360 head working capacity.

There is a four-bay steel machinery shed with workshop, hay shed, two grain silos and two agricultural airstrips.

Fencing has been a priority with a significant re-fencing plan over the last ten years, with close to 50km of new internal and boundary fencing.

Colourful history

Giro Station has long been a renowned cattle breeder and is home of the famous VIP cattle brand.

The highly regarded property last traded in November 1995 when Peter Carmichael sold it to Curracabundi Pty Ltd, a Sydney-based family company, for around $7 million – at the time one of the biggest rural sales in NSW.

Famously, it was once held by Hollywood actress Anne Baxter and her American husband Randolph Galt, the owner of a neighbouring cattle station where she was filming Summer of the Seventeenth Doll.

The vendor, who has decided to offload Giro Station due to family succession, is seeking sensible offers from serious parties via an EOI process closing on July 22.

 

 

 

 

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