Movement at the station: Recent property listings

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

 Launceston offers award-winning Glen Stuart

 Livestock and irrigation asset in Tasmania’s north

 Premier Gundagai grazing should achieve $24m to $28m

 Picturesque grazing block in southern NSW

 $9m to $12m anticipated for Riverina grazing & irrigation

 

Launceston offers award-winning Glen Stuart

https://www.youtube.com/watch?v=mm78E8jgyGY&feature=emb_logo

A prominent super fine wool property in northern Tasmania is being offered to the market by the Phillips family after 24 years of ownership.

The 1823ha Glen Stuart is situated 15 minutes from Evandale and 25 minutes from Launceston.

Around 160 hectares are arable and fertilised annually, around 650ha is open native grass run country (semi-improved) and the balance is bush run country.

Over recent years, the vendors have conservatively managed the property by running up to 4000 Saxon Merinos (based on Sierra Park with infusions of Merryville bloodlines).

The property is well known for producing super fine wool (13.5 to 16 microns), achieving record prices and numerous accolades for individual fleeces.

Titles include five national Zegna trophies, the New England Wool Ultimate Clip Competition and two Australian Superfine Wool Growers Association Champion Fleece awards.

Situated in a 700mm average rainfall region, Glen Stuart enjoys more than 3km of Nile River frontage and is watered by dams, springs and waterholes. A 500mgl water licence is included in the sale.

Michael Warren from Nutrien Harcourts Tasmania described Glen Stuart as a once in a lifetime opportunity, explaining it is only being offered for sale due to retirement.

Expressions of interest close on December 1. The commercial flock and stud will be made available to the successful purchaser.

Livestock and irrigation asset in Tasmania’s north

A range of investor profiles is showing good interest in a productive and versatile irrigation asset in northern Tasmania – anticipated to make in excess of $10m.

The 563ha Bullocks Hunting Ground is at Nunamara, 17km east of Launceston and 28km north-east of Evandale.

The block historically formed part of the larger Dunedin aggregation owned by Samantha Hogg and Marcus Griffin.

Underpinned by highly fertile volcanic red and black basalt soils, extensive irrigation entitlements and water supply, the property is suited to cattle, sheep, cropping and horticultural pursuits.

Bullocks Hunting Ground is currently managed under a cell grazing system running 11,300 dry sheep equivalents. With further development, numbers could be lifted to 14,400 DSE.

Bullocks Hunting Ground enjoys an extensive frontage to St Patricks River and has a reliable volume of natural water for livestock and irrigation use.

An abundance of water is available via multiple sources including a 2100mgl storage dam and 2000mgl of irrigation entitlement.

Nick Myer from Elders said interest is coming from local, mainland and institutional investors.

Bullocks Hunting Ground is being offered for sale by expressions of interest closing on November 24.

Premier Gundagai grazing should achieve $24m to $28m

https://www.youtube.com/watch?v=eYf071-pbFg

Between $24m to $28m is anticipated for the premier Gundagai grazing holding Wandeen held by the Nicholls family for the past 120 years.

The 2056 hectares are 10 minutes from Gundagai and 35 minutes from Cootamundra and Tumut in the south-west slopes region of New South Wales.

Equally suited to sheep or cattle enterprises, Wandeen is running a 5000-head Merino ewe and lamb enterprise and a 400-head Shorthorn cow and calf operation.

David Nolan from Webster Nolan Real Estate said Wandeen is conservatively stocked and numbers could easily be increased.

The breeding and fattening property has a sound fertiliser history, with some arable country suitable for cash cropping and fodder production.

Mr Nolan said the management and presentation of Wandeen is a credit to the current owners.

“George and Geoff Nicholls have implemented a sound fertiliser and pasture program, an annual weed management program, a water reticulation system, as well as constructing all-steel livestock yards in strategic locations across the property.”

Wandeen fronts the Burra, Bongongolong and the semi-permanent Jerusalem Creeks and is watered by 16 dams and three bores.

Wandeen will be auctioned on December 13. Both the cattle and sheep will be made available to the successful purchaser.

Picturesque grazing block in southern NSW

https://www.youtube.com/watch?v=bfZ364AJv3w

Meantime, David Nolan is offering to the market the 353ha Meadow Creek with a $5.75m to $6.25m price guide.

Located 10 minutes from Tumut and 15 minutes from Gundagai, the former dairy farm is suitable for breeding and fattening prime lambs and cattle and fodder production.

The picturesque block features a balance of fertile and versatile alluvial soils and elevated clay-based loam grazing country in an 800mm annual rainfall region.

Boasting a long double frontage to the semi-permanent Meadow Creek, additional water is reticulated from a bore, a spring and dams.

Meadow Creek will be auctioned on December 13.

$9m to $12m anticipated for Riverina grazing and irrigation

https://www.youtube.com/watch?v=_CEPHb8Ao3I

A well-regarded grazing and intensive irrigation property in New South Wales’ Riverina region is anticipated to make between $9m and $12m.

New South Wales-based AWG Rural is offloading Glenfyne Farms to rationalise its Australian agricultural holdings.

The 1026 hectares are located 7km south-west of Narrandera, 35km from Leeton and 2km from the Murrumbidgee River.

The property has a 750 head sheep and a 960 head licenced beef cattle feedlot.

As well as grazing, the red sandy loam soils are suitable for dryland and irrigated cropping, vegetable production, permanent plantings, horticulture, an intensive dairying operation or a solar farm.

Glenfyne Farms has an 18 megalitre stock and domestic water access licence and a 10mgL river water access licence to the Murrumbidgee River.

In the 1980s, under the ownership of the Brosso Family and Rural Improvements (a subsidiary of Kerry Packer’s Consolidated Press Holdings), the property was extensively developed and improved into a high-tech irrigation operation.

Featuring extensive working improvements, Glenfyne Farms also presents a strong land banking opportunity due to its R4 Zoning (Primary Production Small Lots).

Gary Johnston from the Forbes-based Johnston Rural Group believes the property’s diversity will make it attractive to a broad range of buyers.

Glenfyne Farms is being offered for sale by expressions of interest closing on December 8.