THIS week’s property review includes a wrap up of recently completed sales in Tasmania and Queensland.

 $10m+ for breeding and scale in Tasmania

 Moonie’s Minna Billa purchased for expansion

 Tasmanian livestock & irrigation holding makes $10m

$10m+ for breeding and scale in Tasmania

A well-rounded breeding property in Tasmania producing grass-fed lamb and beef and fine Merino wool has sold to a local producer for in excess of $10 million.

The 2880ha Rotherwood, owned by James and Tahnee McShane, is located near Lower Marshes, one hour from Hobart, in Tasmania’s tightly held Central Highlands.

AWN agent Cade Ebdon said the property sold in just six weeks following good interest from local and interstate producers.

“Rotherwood’s potential for expansion was the main drawcard.

“With further pasture and fertility improvements, it has the potential to carry up to 10,800DSE or 1353AE.”

The enterprise boasts a strong history of sheep production and has been running around 7000DSE or more specifically, 2900 breeding ewes, 1200 wethers, 3500 Merino hogget ewes, 900 Merino hogget wethers and 760 first cross lambs.

The country on Rotherwood comprises 1350ha of open grazing land, 500ha of bush runs for grazing, a 110ha hardwood plantation (ready to harvest), a 12.5ha softwood plantation (ready for harvest) and 800ha of native forestry due for selective harvesting in five years.

Water is supplied by a dam and a bore supported by a 622mm average annual rainfall.

Rotherwood also offers potential for carbon projects in both forestry and soil.

Infrastructure includes a five-bedroom home, a three-bedroom cottage, a five-stand shearing shed, steel sheep yards, shearers quarters and cattle yards.

Moonie’s Minna Billa purchased for expansion

A Queensland family is expanding with southern Queensland’s Minna Billa Aggregation.

The 7473ha grazing operation, owned by Fred and Rita Giltrow, comprises two neighbouring holdings, Minna Billa and Ballymena, located 44km south of Moonie and 75km north of Goondiwindi.

Adcock Partners Property and Livestock agent Andrew Adcock was unable to disclose the buyer or the price paid, but said it was a good result following strong enquiry and seven offers to purchase.

During the marketing campaign in April, Minna Billa was experiencing an exceptional season.

The holding produces strong weight gains on the brigalow, belah and melon hole country growing diverse improved pastures and, in most seasons, can run up to 4000AE or DSE equivalents.

In recent years, 52km of exclusion fencing has been constructed which means the entire property is now vermin free.

Most of the country is arable offering an opportunity to expand the current 485ha farming area that is growing forage crops.

Water is described as plentiful and is sourced from a bore, 12km of Weir River frontage as well as numerous dams.

Infrastructure includes two homes on Minna Billa, two cottages on Ballymena, numerous sheds, steel cattle yards, a four-stand shearing shed and sheep yards.

Tasmanian livestock and irrigation holding makes $10m

A productive and versatile irrigation asset in northern Tasmania has sold to an existing dairy farming company for around $10 million.

The 1501ha St Patricks Run (incorporating the 563ha Bullocks Hunting Ground) is situated at Nunamara, 17km east of Launceston and 28km north-east of Evandale.

Elders Real Estate agents Nick Myer, Henry Mackinnon and Laurens De Wit were unable to disclose the buyer or the price, however, during the marketing campaign, the property was anticipated to make around $10m.

Situated in a reliable 1043mm average annual rainfall area, St Patricks Run was carved off the Dunedin Aggregation owned by Samantha Hogg and Marcus Griffin.

Underpinned by highly fertile volcanic red and black basalt soils, the property is suited to cattle, sheep, cropping, horticulture and potential carbon opportunities.

It has 2000ML of irrigation entitlements, a 2100ML storage dam and excellent irrigation infrastructure including 250ha under centre pivots with significant scope for further development.

St Patricks Run also enjoys an 8.8km frontage to the St Patricks River and a 2.6km frontage to the North Esk River.

The Bullocks Hunting Ground block has been managed under a cell grazing system running 11,300 dry sheep equivalents, however with further development, numbers could be lifted to 14,400 DSE.

Improvements include a shearing shed and sheep and cattle yards.