The 12,000-hectare Oinmurra, bought by former rich-lister Michael Gordon and George Grimwade, is back on the block after being bought for $15 million one year ago. Price expectation is circa $14m.
They are also putting up for sale their 1,520ha Melrose aggregation for $15m. Melrose, 3km from Cunnamulla features 462ha of centre pivot and lateral move irrigation, drawing on 6300mL of highly secure water.
The selloff comes after a six-year buying spree since 2017, with The Weekly Times suggesting Grimwade & Gordon have acquired more than 261,000ha across NSW and Queensland, including the 41,067ha Ellavale Station and 29,200ha Congararra for $26m earlier this year.
According to selling agent LAWD, the business's increased focus on southern market access, logistics and additional landholdings means Oinmurra now falls outside of operational requirements.
Situated in the Balonne region of southern Queensland, 41km northwest of Dirranbandi and 70km southwest of St George, Oinmurra is suitable for a variety of uses including cattle, sheep, or goat production, with an estimated capacity for 2,000AE or 17,000 DSE.
The information memorandum suggests it could run 1000 breeder cattle. Currently running goats and Dorper sheep, the property is housing an estimated 20,000 goats, including 10,000 nannies.
Entirely protected by exclusion fencing, the property also features a highly productive artesian controlled flow bore that supplies two stock dams and seven poly header tanks. This water supply is connected to 31 concrete watering troughs through a network of poly pipes.
The pastures are predominantly established with buffel grass, and is equipped with high-quality infrastructure, including workshops, a shearing shed, and well-equipped cattle and sheep yards.
Melrose is currently utilised as a hay and livestock depot business, drawing water from Cunnamulla Weir, with a reported 98% reliability. There is a further 300mL underground water licence.
462ha of the 1520ha is irrigated, with the remainder of the property used for grazing.
Soil across the aggregation include grey self-mulching cracking clays and red brown earths.
Infrastructure on the property includes a storage shed fitted with coldroom facilities, workshops and machinery sheds. Accommodation includes a four-bedroom homestead, four-bedroom dwelling, recently renovated worker's quarters and three-bedroom cottage.
Mr Gordon, a one-time jackaroo who was worth an estimated $347 million, according to the 2016 BRW Rich list, initially made his money in the childcare sector. He joined brothers William and George Grimwade (sons of graziers Jane and Martin Grimwade and descendants of one of the country's oldest sheep farming dynasties) to create the sheep-breeding partnership, Grimwade & Gordon.
According the Australian Financial Review, the partnership was set up in 2018 through the integration of Mr Gordon's 105,000-hectare Noorama Station, south-east of Cunnamulla.
For sale via EOI by 12 December with LAWD and Colliers.
Fresh from a $200m injection of funding from the Clean Energy Finance Corporation and Canadian pension fund CPDQ, Gunn Agri has taken ownership of two aggregations belonging to Macquarie's cattle operation Paraway Pastoral, according to the AFR($).
Wilga Farming, set up to provide regenerative farming practices and the management of natural capital assets side by side with commercial farming, will add to a nascent portfolio that initiated with the purchase of The Glen, a 1200-hectare broadacre cropping property near Delungra in northern NSW in June for $11.3m.
Wilga purchased the 5437ha cattle breeding, finishing and cropping property, Burmah Station north-east of Warialda on the north-west slopes of NSW, and the 8500ha Nortongong aggregation made up of properties near Coonamble and Dubbo in the state’s Central West. These have a carrying capacity of 1200 breeding units and are 90% arable.
The Weekly Times is reporting that the 4033ha Greystones property, located near Ballan northwest of Melbourne, has been sold for the first time in 90 years for a reported $80 million.
The buyer is believed to be Guangxi Quitian Investment Co Ltd based in Nanning, the capital of Guangxi region in southern China. The investment firm's purchase expands their holdings in the area, after the c~ $60 million purchase of the 5071ha Yaloak Estate, three years ago.
A feature of the Greystones property, which runs up to 6000 superfine Merinos, is the heritage-listed, 150-year old 13-bedroom bluestone homestead which once belonged to Sir William Charles Angliss.