THIS week’s property evaluation consists of this wrap-up of lately accomplished gross sales, and a separate article on attention-grabbing current listings throughout the nation.
- New England asset makes $14.5m
- Native secures NSW grazing powerhouse
- NSW cattle producer expands with grazing & farming nation
- Northern NSW trophy asset fails to promote at public sale
Dungowan close to Tamworth (see particulars additional under) attracted sturdy curiosity from home and worldwide buyers, and producers from as far afield because the Northern Territory, South Australia and Queensland.
New England asset makes $14.5m
A extremely regarded grazing asset in northern New South Wales’ New England area has bought to a Central Queensland household for $14.5 million.
The 2237ha Glanmire Station, 10km from Bundarra, 55km from Inverell and 65km from Armidale, was listed by the Coventry household in April with a $16m price ticket.
Ray White Rural agent Andrew Starr was unable to reveal the title of the client however stated they’d add Glanmire to their present portfolio and run a self-replacing Angus/Wagyu FI beef herd.
The nation on Glanmire is gently undulating and open with effectively grassed and effectively sheltered paddocks with a excessive share of productive arable land.
Throughout the advertising marketing campaign, Mr Starr stated the best breeding or backgrounding nation is able to operating 16,000DSE or 900 head of cattle.
“With its dependable rainfall and kilos of manufacturing, the better New England area usually attracts southern and central Queensland producers in search of to show off heavy weight weaners,” he stated.
“Glanmire can be suited to Wagyu manufacturing and there are numerous purebred and Fullblood operations within the space because of its dependable breeding popularity.”
The property additionally lends itself to additional enchancment via pasture enchancment and forage cropping with the Coventry household planting greater than 160ha of recent perennial pasture species plus clovers oversown with annual oats.
Glanmire options Gwydir River frontage, supported by the Two Mile Creek, a bore and several other dams.
Infrastructure features a three-bedroom cottage, metal cattle yards, a five-stand shearing shed and two sheep yards.
Native secures NSW grazing powerhouse
A grazing powerhouse on the south-west slopes of New South Wales has bought to a neighborhood producer for growth.
The 3236ha Glencoe located close to Taylors Flat, 50km north-east of Boorowa and 80km south-east of Cowra, has been operating 18,000DSE on improved and native pastures.
It was bought in 2015 by former Woolworths chief govt Paul Simons and his household who additionally personal Euralie close to Yass the place they breed superfine wool.
Initially, the property was dwelling to a few generations of the Hume household, together with explorer Hamilton Hume.
Elders agent Richard Gemmell was unable to reveal the value paid or the client. Nonetheless, throughout the advertising marketing campaign he stated Glencoe had been progressively developed to learn from a number of revenue streams beneath differing seasonal circumstances.
“Suited to sheep, cattle and pasture manufacturing, the property has sound agribusiness danger administration and operational scale that can proceed to ship ongoing monetary progress.”
The nation is usually central valley creek flats run to rolling timbered hills with alluvial soils and granite and deep pink loams. Greater than 80ha has been sown to oats.
Located in a 675mm common annual rainfall area, Glencoe is watered by 22 dams, three outfitted bores, a creek and quite a few springs.
The infrastructure is described as top quality and consists of two renovated properties, workers quarters, a brand new shearing shed, sheep yards, equipment sheds, grain and fodder storage.
NSW cattle producer expands with grazing & farming nation
Productive year-round grazing and farming nation on the central-west plains of New South Wales has bought previous to public sale to an out-of-district producer increasing his cattle breeding and ending operations.
The 1751ha Merriwee is located 52km north of Coonamble and 200km north of Dubbo within the Wingadee space, regarded for its cattle ending and cropping skills.
Suited to cereal cropping, pasture, sheep, wool, lamb and cattle manufacturing, round 900ha is arable with 243ha sown to wheat.
Elders agent Richard Gemmell was unable to reveal the client or the value paid, however stated Merriwee achieved on the high finish of current district gross sales which have made between $2700/ha ($1100/ac) and $3200/ha ($1300/ac).
The nation consists of largely gray self-mulching and deep pink loams with areas of helpful flood nation operating into some heavy black soils.
Grazing paddocks are frivolously timbered and rising winter herbage, clovers, medics and crowfoot. Summer time grasses embrace Mitchell, button and windmill.
The property is watered by an artesian bore and dams.
Infrastructure features a four-bedroom dwelling, quite a few sheds, a four-stand shearing shed, metal sheep and cattle yards and 440t of grain storage.
Merriwee was bought by Bowral-based Jim and Christine Norrie after two years of possession to permit them to concentrate on different enterprise pursuits.
Handed-in: Northern NSW trophy asset fails to promote at public sale
A stable cash-producing asset in northern New South Wales has passed-in at public sale for $7.9 million, with brokers negotiating with events unable to compete on public sale day.
Settled in 1834, the historic 1612ha Dungowan Station is situated 33km east of Tamworth and thought of among the many area’s most prestigious and distinctive properties, sitting alongside the bigger Bective and Goonoo Goonoo Stations.
Throughout the advertising marketing campaign, Davidson Cameron & Co agent Simon Burke and Burke & Smyth Industrial agent Gavin Knee reported sturdy curiosity from home and worldwide buyers, and producers from as far afield because the Northern Territory, South Australia and Queensland.
The blue ribbon, blended farming and grazing property additionally generates a assured revenue from a brewery, a 150-seat operate centre and three-bedroom cottage that are leased to hospitality operator, the CH Group.
Throughout their six-year possession, Campbell and Naree McIntosh (who’re builders and builders by commerce) have invested considerably into bettering and upgrading Dungowan, together with high quality fencing and first-class water infrastructure.
The drought-proof property boasts 2km of double frontage to the everlasting and picturesque Dungowan Creek and is watered by quite a few dams and bores.
Two water licences are provided – 82ML of unregulated river and 480ML of constant aquifer operating three centre pivots, with planning and infrastructure for a fourth pivot to extend manufacturing.
The fertile alluvial and extremely productive river flats are rising hay, lucerne and summer season and winter cereal crops for ending livestock.
The steadiness is open valley nation set in undulating grazing hills rising to mountain ranges and able to operating as much as 350 cows and calves.
Though presently run as a breeding operation, the brokers declare Dungowan would even be a great backgrounding block.
Infrastructure features a four-bedroom (circa 1903) dwelling, two metal cattle yards and quite a few sheds.
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