In this week's Property Roundup:
$20 million anticipated for New England Tablelands beef enterprise
Golden Triangle aggregation to change hands after 122 years
Two historic NSW grazing properties sold for $26.6 million
Victoria’s largest tomato farms ripe for sale
$20 million anticipated for New England Tablelands beef enterprise
Size: 1,728ha
Location: Wongwibinda, NSW
For sale price: N/A
Rural Funds Management, which manages the ASX-listed Rural Funds Group, is marketing the 1,728ha ‘Dyamberin’ property on the NSW New England Tablelands, situated midway between Armidale and Dorrigo.
Rural Funds is aiming for a gain of over 50% for the property, just six years after its purchase, with offers above $20 million believed to be anticipated for ‘Dyamberin’, according to the Weekly Times.
Rural Funds Management acquired ‘Dyamberin’ in September 2018, paying $13.4 million to buy it from the Rogers family.
The Stone Axe Pastoral Company has since leased the property, carrying 800 Wagyu breeders in recent seasons.
The property receives an annual rainfall of 908mmm, and has an average monthly carrying capacity of 20,377DSE.
‘Dyamberin’ is well positioned for access to feedlots, livestock selling centres and processing facilities as well as grain handling depots and port facilities.
‘Dyamberin’ is offered for sale by Expressions of Interest, with expressions closing August 29.
LAWD Directors, Simon Cudmore, George Barton and Grant Veivers are handling the sale.
Golden Triangle aggregation to change hands after 122 years
Size: 3,260ha (combined).
Location: Moree, NSW
For sale price: N/A
Well-known aggregation, ‘Terlings’ (1,860ha) and ‘Dundenoon’ (1,400ha) located in the Golden Triangle region of northern NSW, is on the market for the first time in more than 120 years.
Owned by the Hill family and descendants, these two properties are located three kilometers apart on the Newell Highway, 48km from Moree.
The combined 3,260ha institutional-grade aggregation has been significantly developed over recent years, transforming from a genuine mixed grazing and cropping enterprise to a large-scale dryland farming asset.
The aggregation receives an average annual rainfall of 582mm. Soil types are a complementary mix of black, brown, and red self-mulching clay with 71% of the aggregation arable.
The properties were initially acquired in 1902 by the parents of well-known rural industry figure and polo identity, Sinclair Hill. In 1981, Mr Hill hosted his polo-playing friend King Charles III, then the Prince of Wales, at ‘Terlings’.
‘Terlings’ and ‘Dundenoon’ are being offered for sale as a whole or as separate assets by private treaty.
LAWD Director Tim Corcoran is handling the sale.
Two historic NSW grazing properties sold for $26.6 million
Size: 3,964 ha (Combined)
Location: Wollomombi, NSW
Sold price: $26.6m
A Queensland family has secured nearly 4000ha of breeding and backgrounding country in the tightly-held, New England region of New South Wales.
After 155 years of family ownership, two branches of the Cameron family listed the 2,390ha ‘Fassifern’ and the adjoining 1,573ha ‘Inverinate’ properties for sale in spring last year.
In April this year, a deal was finalised, selling ‘Fassifern’ and ‘Inverinate’ for $26.6 million, according to the Weekly Times. This figure equates to around $6717/ha.
‘Fassifern’ was purchased by Donald Cameron in 1869 and is located 50km east of Armidale. The property has two main dwellings and one station-hand cottage.
‘Inverinate’ was once a part of the adjoining Property, ‘Fassifern’. The aggregation is believed to have a carrying capacity of 25,000 DSE.
MacDougall Rural Property selling agent Graham MacDougall handled the sale.
Victoria’s largest tomato farms ripe for sale
Size: 4,855ha
Location: Winlaton, VIC
For sale price: N/A
‘Winlaton Farms’, is a large-scale and productive cropping opportunity, with secure access to irrigation water, located on the southern side of the Murray River, in the Loddon Mallee region of north-west Victoria.
Agricultural investment firm GO.FARM, partly backed by Costa Asset Management, have anticipated offers around $20 million for the portfolio as a whole.
The portfolio includes 2,290ha extensively developed to irrigation including 1,455ha to subsurface drip, 747ha to centre pivot and 88ha to high flow flood. The balance of the portfolio includes 578ha for further irrigation development, grazing and support land.
The farms have formed as part of an aggregation of 38 organic and conventional horticulture and broadacre cropping properties purchased by the agricultural investment firm two years ago.
The aggregation includes Victoria’s biggest tomato fields and farmland previously part of Aware Super’s 9000ha Lake Boga Agriculture portfolio, purchased for around $30 million.
During GO.FARM’s two year tenure, extensive developments such as modernising irrigation systems, structural improvements, machinery, plant and equipment, as well as internal roadways, have been made to enhance operational efficiencies.
‘Winlaton Farms’ is for sale by expressions of interest closing on September 5. Jaclyn Hope and Danny Thomas from LAWD are handling the sale.
In the market for a rural property? Check out our upcoming auctions.
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