THIS week’s property review includes this wrap-up of recently completed sales, and a separate article on interesting recent listings across the country.
- Pickersgills add Rockland Spring to their CQ portfolio
- Historic Glen Innes property sells after 123 years
- SA’s Koomooloo makes $8.5m
- Neighbour expands with Victoria’s Mellool Station
The Pickersgill family has bought Rockland Spring in the heart of Queensland’s Central Highlands.
Pickersgills add Rockland Spring to their CQ portfolio
The Pickersgill family has been named as the buyer of Rockland Spring in the heart of Queensland’s Central Highlands.
The 10,210ha of prime finishing country is located 56km south of Blackwater and 72km north of Rolleston, in a tightly-held region renowned for first class developed scrub pastures.
The $48.25 million walk-in walk-out sale in April was well above reserve and included 3000 head of cattle plus plant. On a bare basis, it is estimated Rockland Spring achieved around $4000/ha to $4500/ha.
Based at Washpool Station near Comet, the Pickersgill family operates 11 other cattle properties spanning 160,000ha in Central Queensland’s renowned Central Highlands.
It also owns two Northern Territory stations spanning more than 900,000ha and running around 20,000 head of cattle.
Under the banner of the Bunderra Cattle Co, the Pickersgills carefully select properties to grow high-quality beef.
The family runs a substantial Droughtmaster cross cattle herd on the 9378ha Washpool at Humbolt, 6014ha Shauna Hills at Bauhinia, 3101ha Crescent, 4342ha Brooklee, 41,820ha Deepdale, 9043ha Mt Ogg and the 13, 840ha Mt Inglis at Rolleston.
Following the purchase of Rockland Springs, the Pickersgill have decided to offload the 11,772ha Maryvale near Alpha – which is featured in this week’s separate “properties for sale” article.
Historic Glen Innes property sells after 123 years
A Queensland family has expanded its northern New South Wales footprint, paying $32.775 million for the historic New England property Clarevaulx Station.
Offered for the first time in 123 years by the McIntosh family, Clarevaulx achieved $9237/ha bare – a record for the Glen Innes region.
The 3548ha holding is situated 10km north of Glen Innes and 64km from Inverell.
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 Station 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.
Ray White Rural agent Geoff Hayes handled the sale.
Offered for the first time in 123 years by the McIntosh family, Clarevaulx achieved $9237/ha bare – a record for the Glen Innes region.
SA’s Koomooloo makes $8.5m
South Australia’s renowned Koomooloo Station has sold at auction for $8.5 million to father and son, Bill and William Gebhardt, ending 50 years of ownership by Hamish and Anna Dunn.
Ray White Rural agent Sam Krieg said the price was in line with expectations and other local sales offering scale.
Established in the 1860s by the Warnes family, the 35,936ha Koomooloo (not to be confused with the Old Koomoolo Station) is located 70km north-east of Burra and 202km north of Adelaide.
Historically, South Australia’s north-east pastoral region is regarded as one of the state’s best sheep breeding areas, renowned for excellent wool growing and prized sheep breeding attributes.
The Gebhardts own Mokota, an agricultural and pastoral company established by the family over six generations.
They produce sheep, crops and export hay on landholdings in varying climatic and geographic regions, including Mount Bryan, Booborowie and Leighton.
Koomoolloo Station is well regarded for its ample quality underground water supplied by two bores and numerous dams.
Featuring mostly wide-open blue bush and spear grasslands with native pastures, the country is rated to run 5500 to 6000 breeding ewes plus replacements but in recent years has been conservatively stocked.
Infrastructure includes an historic four-bedroom home, a three-bedroom workman’s house, a two-bedroom cottage, an eight-stand shearing shed, a 12-bedroom shearers quarters, multiple sheep yards and numerous sheds.
Neighbour expands with Victoria’s Mellool Station
A neighbour has paid around $10 million for a Southern Riverina mixed enterprise.
Offered by the retiring Martin family after 50 years of ownership, the 4140ha Mellol Station is located 26km east of Swan Hill in Victoria’s north-west.
Nutrien Harcourts BR&C agent Joe O’Reilly described the transaction as one of the major property sales in the region in recent years.
While he was unable to disclose the purchaser or the price, when listed in March, Mellol Station was offered with a price guide of more than $10m.
The well-watered property has 7km of Murray River frontage, in addition to Bullockhide and Waddy Creek frontages.
More than 1200ha is laid out to irrigated rice, cereals and pastures, with the balance running 4000 ewes.
Mellool Station was offered with 32ML of stock and domestic water and 30ML of general security water plus basic landholder rights (BLR).
Infrastructure includes a four-bedroom, circa 1875 home, a three-bedroom home on the Murray River, a six-stand shearing shed, three sheep yards, three cattle yards, numerous sheds and 340 tonnes of grain storage.
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