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

• NSW’s historic Euglo makes $16m plus
• $8.25m for Mudgee district grazing property
• Strong competition for good value country in north west NSW
• Local secures Longreach’s Leander
• Near neighbour secures NSW western land lease
• Strong result for northern NSW grazing block
• Allied Beef secures two feedlots

NSW’s historic Euglo makes $16m plus

The historic Euglo Station in New South Wales’ central west has exceeded expectations, selling to a local consortium for close to $16.25 million.

Angus McLaren from Miller & James Real Estate said the 4155ha holding (see video link above) was secured for a value representing $3904/ha, bare.

While he was unable to disclose the buyers, it has been reported that Euglo was purchased by James Tierney and Tim Drum from Riverina Livestock Agents, together with Junee producers Robert and Alison Hart.

Settled in the 1870s, Euglo Station has long been regarded as one of the finest farms west of the Newell Highway.

Combining scale, soil quality, reliability and versatility, the mixed farming operation is located 45km south of Condobolin and 65km north of West Wyalong.

Since 2005, it has been owned by Young producers Jane Worner and her daughter Heather, who are now looking to re-deploy their capital elsewhere.

The property is 95 percent arable and has the picturesque Humbug Creek running down most of its eastern boundary.

Euglo has had an outstanding start to 2021 with more than 200mm of rain recorded since the beginning of the year.

The soils are principally red loams through to red and grey self-mulching clays and around half the property is ready to crop, with the remaining country sown down to lucerne pastures.

Euglo has been running 3500 composite ewes and progeny and lucerne (which has been grown extensively over the last 10 years) that allows the fattening of lambs throughout all seasons.

The property boasts a failsafe water system delivering reliable water across the enterprise.

As part of the Euglo water scheme, water is delivered to the property from the Lachlan River. As a backup, the property also has a private scheme which delivers water to various tanks and troughs.

Euglo features an historic five stand shearing shed and good to excellent fencing throughout.

$8.25m for Mudgee district grazing property

An investor from New South Wales’ Central Coast has paid around the $8.25 million asking price for Wing Vee, the large-scale Mudgee district grazing property once owned Australian entrepreneur and businessman, Dick Smith.

The 3865ha operation is located 28km from Hargraves or 66km west of Mudgee, on the NSW Central Tablelands.

It once formed part of the historic Triamble Station, settled by the Suttor family of Brucedale (one of Australia’s oldest and finest homes) at Bathurst, more than 200 years ago.

During World War II, the property’s two airstrips were used by the Air Force to train fighter pilots and it became known as Wing Vee.

Wing Vee is suitable for prime lambs, wool production, cattle and goats, but it also has ample areas for fodder cropping and hay making.

It is estimated to carry 12,000 to 14,000 dry sheep equivalents, however that number could be lifted substantially with further improvements.

Previous owners have run cattle. In fact, when Dick Smith owned Wing Vee back in the 1990s, he was running a mixed enterprise comprising 700 cows and 5000 sheep.

Featuring fertile red basalt plateau soils, with the balance granite and shale soils, the country has sheltered valleys to open grazing slopes and timbered ranges.

Wing Vee receives 650mm annual rainfall and boasts 14km of Macquarie River/Burrendong Dam frontage.

Recent infrastructure upgrades include a new water system (with troughs and tanks, dams cleaned and renewed), four new sets of cattle, sheep and goat yards, a new machinery shed and 22km of new fencing.

For the past five years, father and son, Ross and Eric Sharwood have been using Wing Vee to complement their Dubbo and St George grazing properties. They will now consolidate their operations.

The new owners are advertising for a farm operations manager this week via Beef Centrals’ recruitment page, Jobs Central. Click here to access

Sydney-based Webster Nolan and McDonald Lawson Mudgee handled the sale, which included some livestock.

Wing Vee has an estimated carrying capacity of 12,000 to 14,000 dry sheep equivalents, however that number could be lifted substantially with further improvements.

Strong competition for good value country in north west NSW

Meantime, the productive grazing and cropping property Belvedere in New South Wales’ north west has sold for close to $4 million, or around the $579/ha asking price.

Located 86km north east of Brewarrina or 95km north west of Walgett, the 6841ha property is suitable for fattening sheep, cattle and goats.

It was purchased by a family of existing landholders from the Southern Riverina.

The open and flat Mitchell grass country features alluvial grey self-mulching soils and seasonal river flows which produce beneficial flooding.

Belvedere is securely watered by 17km of Narran River frontage, as well as an artesian bore.

The sale was handled by David Nolan from Webster Nolan Real Estate who said the good value country attracted tremendous interest from producers in Queensland, Victoria and southern New South Wales seeking expansion.

the productive grazing and cropping property Belvedere in New South Wales’ north west has sold for close to $4m, or around the $579/ha asking price.

Local secures Longreach’s Leander

A local grazing family has paid around $4.2 million for the historic Longreach property Leander.

Leander has been in the ownership of the Barrett/Clark families since 1908 and boasts a nine-bedroom homestead built in 1912 and established gardens nurtured over the generations.

After 113 years of single family ownership, Peter and Elizabeth Clark will now retire.

The 12,218ha holding is located 25km west of Longreach and consist of 11,091ha freehold and 1127ha permit to occupy.

Leander comprises a diverse mix of country.

A third is high soft desert country, 30 percent is developed pebbly gidge which fronts the Darr River (with flood-out country along Strathdarr/Invercauld boundary), with the remaining third boree downs country interspersed with coolabah channels and some gidgee country with double frontage to the Dingo Creek.

Presenting as a low-cost operation with reliable water, good fencing and improvements, the clean wool growing country has traditionally run 6500 mixed sheep or cattle equivalents.

A feature is the fully paid for wild dog barrier fence that significantly reduces grazing pressure and assists in the control of pests/predators, increasing productivity.

Wally Cooper from RPL handled the expressions of interest campaign and sale and while he could not disclose the buyer or the price, Leander was expected to sell for around $346/ha.

Peter and Elizabeth Clark have sold their historic Longreach property Leander after 113 years of single-family ownership.

Near-neighbour secures NSW western land lease

Angus Seekamp from Woolcunda Station has paid $6.05 million (or $177/ha bare) for the nearby Wendi Station in New South Wales’ far west.

The 33,789ha western land lease attracted ‘unbelievable’ interest from locals, Victorians and producers from South Australia’s mid-north looking for affordable country to expand.

Situated 20km from the Silver City Highway and 100km south of Broken Hill, Wendi Station is suited to both cattle and sheep.

For the past 40 years, it has been owned by Mark and Chris Eglinton who will now retire.

Selling agent Ben Finch from Elders described Wendi Station as a manageable sized operation with good infrastructure.

“It is very well fenced and well-watered. As far as location goes, it is not as isolated as other pastoral properties.”

Primarily plains country, there is gently undulation with red loam, sandy soils and limestone outcrops.

Wendi is presenting with an abundance of feed following rain, with the vendors running around 3500 breeding ewes and 100 cows.

The property is also well watered by eight fully equipped bores and three dams.

Improvements are in good order, with some plant and equipment included in the sale.

There was ‘unbelievable’ interest in Wendi Station, in New South Wales’ far west

Strong result for northern NSW grazing block

West Urandangie in northern New South Wales has sold for $3.6 million to a local producer for expansion.

The 200ha highly productive grazing property is situated 8km south of Guyra and 34km north of Armidale.

The country ranges from undulating hills to blacksoil cropping flats which have been historically irrigated for the production of fodder crops for the 160 breeding cows or 2500 to 3000 dry sheep equivalents.

Boasting fertile basalt soils and perennial pastures, it has a strong fertiliser history and is well set up to achieve high levels of grazing production per hectare.

There is an abundance of natural water reserves including two main spring fed storage dams.

The sale included a 68 megalitre irrigation licence, as well as an onsite telecommunications tower which provides a passive income stream via the long term leases with established corporate entities.

Cayne Moar from Ray White Rural who handled the sale of West Urandangie described the price as a strong result for the area.

Allied Beef secures two feedlots

As reported last week on Beef Central, after more than a year on the market, the Iker family’s 2507ha Vandyke feedlot and surrounding grazing property at Springsure in Central Queensland has sold to its lessee, the Toowoomba-based supply chain manager Allied Beef.

While a price has not been disclosed, in August last year the feedlot was passed in at auction on a vendor’s bid of $7.5m.

Located 28km west of Springsure and 95km south of Emerald, the feedlot is licenced to 8640 standard cattle units.

Vandyke consists of 36 pens, two hospital pens and cattle yards including separate double deck loading ramp and drafting/induction facilities.

The country features 290ha of brigalow scrub country, 130ha of black soil coolabah grazing country, 540ha of creek flat grazing country and 875ha of light sandy soils to rocky escarpments.

Vandyke is watered mainly by bores and 125 and 30 megalitre irrigation licences. There are permanent waterholes along the Vandyke creek, as well as a 1000 cubic metre dam.

The property sits alongside the Vandyke Creek and has 340ha of highly fertile black soil coolabah creek flats of cultivation.

In a separate deal announced on Beef Central last week, Allied Beef has also secured the 6100ha Gunyerwarildi feedlot, near Warialda in New South Wales’ north west.

The cattle are accommodated in the licensed 7000 SCU feedlot (DA approval for an expansion to 20,000 SCU) with the remainder in paddocks used by previous owner Ceres Agriculture under a grain and grass-fed system.

There is silo storage capacity of 5500 tonnes, multiple sets of cattle yards plus numerous sheds, workshops and housing.

The Vandyke feedlot is licenced for 8640 Standard Cattle Units.

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