THIS week’s property review includes this wrap-up of recently completed sales, and a separate article on interesting recent listings across the country.
- NQ calf factory makes $17m
- Rhett Camm secures NQ’s blue-ribbon Glencoe
- Northern NSW’s Romani splits three ways
Cattle on Burlington station
NQ calf factory makes $17m
A Central Queensland family has paid $17 million on a walk-in walk-out basis (including 5600 cattle) for Far North Queensland calf factory Burlington Station.
The 45,500ha breeding and backgrounding powerhouse is located 50km north of Mt Surprise and 90km from Mt Garnet, southwest of Cairns.
Stockplace Marketing agent Luke Westaway said the campaign generated strong interest from a broad range of buyers – from corporate-level investors to first-time property purchasers.
“The buyers have added Burlington Station to their expansive Central Queensland holdings as part of a family expansion program. The acquisition will support their production of high-quality weaners for finishing operations across their southern property portfolio,” he said.
Burlington was offloaded after five years ownership by Hughenden’s Stewart-Moore family from Dunluce Station.
During that time, significant improvements were made including 82km of new fencing, more paddocks and laneways and renovated cattle yards.
There are around 5000ha of productive red and black basalt soils, along with decomposed granite, sandy soils and alluvial watercourse frontages.
Water is a major feature with 8km to 10km frontage to the Lynd River, 12km of double frontage to Fossilbrook Creek and 11km of double frontage to Saltwater Creek.
Burlington is situated in a reliable summer rainfall belt (790mm average annual) and bisected by two permanent creeks, along with Tommys Springs and the seasonal Lynd River. There are also numerous smaller creeks and tributaries supported by 14 dams and nine bores.
A 144ML water licence from Fossilbrook Creek presents the incoming purchaser with an opportunity to diversify into cropping or horticulture, in conjunction with a cattle breeding enterprise.
Improvements include a recently renovated four-bedroom home, a two-bedroom staff quarters, a two-bedroom cabin, numerous sheds, a butcher shop and three cattle yards.
Rhett Camm secures NQ’s blue-ribbon Glencoe
Picturesque blue-ribbon cattle country in North Queensland has sold under the hammer for $35.5 million, on a walk-in walk-out basis, to Pentland’s Rhett Camm from Lolworth Station.
Offered by the Knuth family after 27 years of ownership, the 23,800ha Glencoe Station is located 147km north-west from Charters Towers and was sold with 5000 quality Grey Brahman cattle.
Ray White Geaney Kirkwood agent Liam Kirkwood said Glencoe attracted 47 inquiries and six registered bidders on the day, with the price setting a new standard for land values in the tightly held Basalt region.
During their ownership, the Knuths had been breeding and finishing cattle but, in the past, Glencoe was used as a bullock depot. The property is also suited to dry cattle, with the country quickly responding from little rainfall.
Glencoe is estimated to carry 6000 Adult Equivalents.
The property, which backs onto the Great Basalt Wall National Park, features a mix of volcanic red soils running on to black soil plains growing an abundant mix of grasses.
Glencoe boasts abundant natural pristine spring waters, supported by 21 bores and five dams.
Infrastructure includes a five-bedroom home, a three-bedroom married quarters, a two-bedroom workers quarters, three cattle yards, seven sheds and a centre pivot irrigation.
Yards on Glencoe
Northern NSW’s Romani splits three ways
A commercial-scale cattle and sheep grazing property in the Northern Tablelands of New South Wales with potential for carbon offsets and renewable energy projects has split three ways.
In June last year, Romani was offered to the market as a 7404ha grazing asset by Will and Harriet Corlis after eight years of ownership.
Located near Kingstown, 67km from Armidale and 81km from Tamworth, the aggregation was later divided and offered to the market as the 3033ha Romani and the adjoining 4365ha Bald Rock Aggregation (comprising Pretty Gully and Bald Rock).
Romani has sold as three separate blocks with Coonamble’s Macrae family relocating to the 694ha Part Romani (house block) to allow them to be closer to local schools.
The 506ha Romani East was retained by the vendors and LAWD is currently in negotiations with a carbon player to secure a 25-year lease for the 1833ha balance, known as Romani West.
Angus cattle on Romani, near Kingstown northern NSW
LAWD agent Michael Corcoran was unable to disclose the sale price but during the marketing campaign, Romani was anticipated to raise around $16 million.
At the time, an evaluation by the Carbon Farming Foundation identified Romani as having some of the highest yielding carbon land it had ever seen.
More than 42 percent of Romani’s fertile trap and granite soils are arable, while an extensive pasture improvement program benefitted by a strong fertiliser history is capable of running 16,000 Dry Sheep Equivalents.
While Romani was bought with the intention of being the Corlis’ forever home, a property purchase near Ebor was the catalyst for the couple’s move east where they are concentrating on making further improvements.
Situated in a 750mm average rainfall district, Romani sits at the junction of the McDonald and Namoi Rivers with the property watered by a 3km frontage and supported by 47 dams, three semi-permanent creeks and several spring fed waterholes.
The infrastructure, described as ‘exceptional’ includes 48km of new fencing, 13.3km of electric fencing supported by an extensive laneway system.
Infrastructure includes two four-bedroom homes, staff accommodation, numerous sheds, new cattle yards, a five-stand shearing shed, two steel sheep yards, a 400-tonne silo complex and containment yards.
Meantime, the adjoining Bald Rock Aggregation is still listed for sale for $3.2 million, offering a further option for expansion for buyers seeking scale.
The 4365ha conservation, hunting and lifestyle opportunity is a registered Aboriginal Heritage site with an agreement in place under the Biodiversity Conservation Trust.