A well-known corporate is set to make more than $90 million from the sale of a major NSW aggregation, as notable holdings in tightly-held regions of SA and NSW also hit the market.
Read on to see what properties have been listed and sold across rural Australia this week.
AAM to sell major Lachlan Valley aggregation
Above: Sunshine Farms Aggregation in NSW's Lachlan Valley. Image: LAWD.
The 14,074-hectare Sunshine Farms Aggregation in NSW’s Lachlan Valley has been listed for sale this week, as AAM Investment Group looks to sell the first-ever land asset acquired by its Diversified Agriculture Fund.
The aggregation consists of five separate holdings located within a 25-kilometre radius, featuring premium irrigated and dryland cropping country as well as saltbush grazing land.
An impressive 14,766 megalitres in water entitlements, five main residences and a 1250-head lamb feedlot are also included in the offering, which is situated centrally to key commodity processing facilities and major livestock markets in the Central West of NSW.
Rumored to be worth more than $90 million, LAWD senior director Danny Thomas said Sunshine Farms was a rare opportunity not to be missed by leading investors.
“This is a special aggregation that has been put together to provide extensive options for primary production, supported by significant water entitlements,” Mr Thomas said.
“I believe any party seeking to acquire an at-scale irrigated and dryland farming opportunity should be looking at Sunshine Farms and I am expecting particular interest from institutional investors who are now leading demand for Australian agricultural assets in the greater than $50 million market segment.”
Listed for sale by LAWD, expressions of interest in the Sunshine Farms Aggregation close on October 5.
Premier SA farms tipped to pique corporate interest
A collection of six adjoining properties have hit the market [Paywall] in South Australia’s tightly-held Lucindale district, with the 4,326ha aggregation set to attract significant interest around the country.
With a reliable 600mm average rainfall, the Fairview aggregation currently produces enough hay and grain to provide year-round fodder for its black Angus and Angus/Black Simmental-cross cattle herd and second-cross prime lamb production system.
In recent years, significant pasture and soil improvement projects have been undertaken on the property, ensuring it is well primed to carry increased numbers in seasons to come.
Fairview is being marketed by Colliers Agribusiness, with expressions of interest to close on September 26.
134-year-old Merino operation goes to market
Above: Burrenbah aggregation is situated 47 kilometres west of Mungindi. Image: Prosser Hutton.
Mungindi’s Amos family are closing the chapter on their 134-year-old Merino breeding enterprise with the presentation of the 8,198-acre Burrenbah aggregation [Paywall] for sale.
Consisting of a freehold portion, Burrenbah - as well as western lands lease, Nilgie - is home to one of NSW’s oldest single-family owned operations, with the Amos’ Merino operation first established in 1891.
Access to the Goondibluie bore pipe scheme, six ground tanks and frontage to the Moonie River and Ballandoon Creek means the aggregation is well watered, while the property’s six sets of sheep yards and 105km of new exclusion fencing provides excellent infrastructure.
Brought to market by Prosser Hutton, expressions of interest for Burrenbah are open until September 14.
Prized Glen Innes property is listed for sale
Above: Kintyre in the Big River Country of northern NSW. Image: LAWD.
Set in the Big River Country of northern NSW, premier grazing property Kintyre has hit the market this week, with the 4,481 hectare holding expected to attract widespread interest.
Renowned for its water security, Kintyre features 15 kilometres of frontage to the Mann River alongside 7 kilometres of dual frontage to the Henry River, and a reliable average annual rainfall of 757mm. 29 dams and numerous natural springs are also found on the property, located 76 kilometres east of the town of Glen Innes.
Currently, Kintyre is home to around 1,400 head of cattle and has an estimated carrying capacity equal to 17,600 dry sheep equivalents (DSE), being situated in a fertile valley on predominately yellow earths and red podzolic soils.
Offered for sale via LAWD, expressions of interest in Kintyre close at 11am on September 28.
Market movements
NSW Southern Highlands estate Williams Crossing [Paywall] has sold for an eight-figure sum in a private deal after hitting the market in January this year.
Set on 40ha overlooking the Illawarra escarpment, the centerpiece of the estate is a seven-bedroom home, which has seen expectations reach the $20 million mark for the property’s sale.
In other news, a 486ha mixed farming block on the edge of the Victorian Mallee sold for around $2.76 million earlier last week.
Offered for sale by Ray White Rural Swan Hill, the Willows block [Paywall] has an average annual rainfall of around 370mm and features a four-bedroom home among other farm buildings.
