Elders Estates Magazine - Issue 1

Estates.

Experience.

Real Estate

Property Portfolio March / April 2017

Elders Estates.

SHG

Joey Zhou

QLD /NT

Greg Dunne

NSW Greg Dunne

WA

Jim Sangalli Malcolm French

N AT I O N A L Tom Russo VICTORIA Nick Myer SOUTH AUSTRALIA

SA

tom.russo@elders.com.au

+61 409 873 837

nick.myer@elders.com.au

+61 427 610 278

Phil Keen phil.keen@elders.com.au NEW SOUTH WALES Greg Dunne greg.dunne@elders.com.au QUE E NSLAN D AN D NORTH E R N TE RRITORY Greg Dunne greg.dunne@elders.com.au WESTERN AUSTRALIA Jim Sangalli jim.sangalli@elders.com.au Malcolm French malcolm.french@elders.com.au SHANGHAI Joey Zhou joey.zhou@elders.com.cn

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VIC

Phil Keen

Nick Myer

+61 438 308 650 +61 428 500 805 +61 428 500 805 +61 417 706 996 +61 409 990 988 +86 189 1837 7878

Experience.

Real Estate

Elders Estates.

Contents

Tom Russo

General Manager Real Estate

6

Western Australia

11

South Australia

16

Northern Territory

18 Victoria 20

New South Wales

23 Queensland

Welcome to the first edition of Elders Estates.

It’s an exciting time to be an investor in Australian agriculture as we see a perfect storm of robust commodity demand and prices, combined with low interest rates, creating unprecedented interest in quality Australian agricultural assets.

To subscribe to receive an online version of our publication, visit eldersrural.com.au/elders-estates

We are also witnessing the emergence of new classes of investors into Australian agricultural properties as a result of the strong macroeconomic drivers for the sector, and the desire to invest in highly productive land to achieve food security in the fast growing Asia Pacific region.

This environment has resulted in our national team of rural property specialists seeing an unprecedented level of interest from both foreign and domestic investors, and has given rise to strong appreciation in land values throughout key agricultural regions nationwide. Demand is outstripping supply, particularly with respect to quality aggregations of scale.

Elders Estates will regularly present to you a selection of properties being offered for sale nationally through our network of rural and lifestyle property specialists. We will also introduce you to members of our national team, who will provide you with insights into what is happening in their patch. We are committed to an ongoing investment in having professionals “on the ground” who have an unsurpassed knowledge of their local areas. This team works seamlessly with our capital city and international representatives to ensure that our clients’ real estate assets are marketed as effectively as possible to local, corporate and international buyers.

Tom Russo General Manager Real Estate 0409 873 837 tom.russo@elders.com.au

Experience.

Real Estate

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Elders Estates.

Experience Australia’s leading rural real estate network With over 400 points of presence throughout Australia, the Elders network includes a team of subject matter experts in all areas of Australian agribusiness who have unsurpassed connections and insights into Australian agriculture coupled with international connections.

Our team of specialist agricultural real estate professionals assist our clients with all aspects of their strategic real estate needs. This team is also able to draw upon the vast resources within the broader Elders network, which provides Australian primary producers with access to all the advice, inputs, financial services, marketing options and trading platforms required to maximise the returns from their enterprises.

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Elders Estates.

Experience a successful partnership We form successful and lasting partnerships with our clients.

We assist our clients with all aspects of their rural property divestment initiatives throughout Australia, from preparing their assets for sale through to concluding a successful transaction. Our strengths lie not only in our leading capability to market and sell properties, but also our expertise in the provision of agricultural advice, commodity marketing and financial services, which compliments rural property transactions and ensures we can deliver a full service offering to our clients.

Core services • pre-sale appraisals; • transaction preparation services, including vendor due diligence, the development of marketing strategies and provision of advice tailored to suit the specific asset and optimise the outcome. In developing a plan, our expert sales representatives will have regard to all key factors such as the likely realisable value, the buyer universe, anticipated level of competition and general market conditions. Most importantly, we listen to our clients, provide instant feedback on all sales activity, and ensure that our approach caters for their needs and preferences;

• rural property sales undertaken with professional marketing campaigns driven at a local level and backed by a team of marketing professionals within our national corporate support team; • rural property leasing transactions, including market rent appraisals.

Ancillary services With a national network of agronomy, wool and livestock production specialists, we also provide: • water entitlement sales and purchases; • clearing sales; • livestock, wool and grain marketing; • agronomic advice and farm planning; • animal health and production advice; • debt finance, insurance and financial planning advice.

With a national footprint and involvement in all major agricultural sectors, our clients have unrivalled access to a team of experienced professionals, products and service options to support the management and sale of their assets.

Experience.

Real Estate

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Elders Estates.

PRESTIGE LIFESTYLE

WA “Riverrun” 74 (68-78) George Street, West Swan | 11.7ha (28.89ac) The prestige estate of ‘RiverRun’, is a 11.7Ha property nestled privately in the Swan Valley boasting an architecturally designed 5x5 residence with 1,250sqm of living, a 3x2 guest house and a 10 stable complex with a 2 bedroom apartment overlooking the sporting field and boasting 320 metres of absolute Swan River frontage. Three individual titles give the investor the opportunity to purchase as a whole or can be acquired as individual lots. (Asking price to be discussed). Lot 22 (3.321Ha) has the 3x2 guest house, general

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purpose shed, reticulated turf which flows through to the Swan Rivers water edge... heaps of potential. Lot 23 (3.4171Ha) has the ultimate 5 bed x 5 bath main residence seamlessly divided living zones including 3 family - entertaining areas, a home theatre, gymnasium, wine cellar, games, an extensive alfresco area inclusive of BBQ, wood fired pizza oven and poolside deck which overlooks the 25m infinity pool enhanced by the views through to the river...simply stunning!!

Expressions of Interest View By appointment Kris Teakle 0409 686 626 kris.teakle@elders.com.au

Elders Estates.

HISTORIC ESTATE

WA “Belvoir” 1171 Great Northern Highway, Upper Swan 45.41ha (112.2 acres)

Elders Real Estate has the pleasure of offering one of the original historic and diverse estates of Western Australia Belvoir for sale. A commanding 45.41ha (112.2 acres) property located in the Swan Valley has absolute Swan River frontage. A business enterprise comprising of entertainment, functions and a well renowned horse stud enhance the historic infrastructure that must be viewed to appreciate.

Features include: • 25kms from the Perth CBD • Two titles with a 73750KL water licence •5 80sqm Sprawling country homestead with manicured gardens (circa 1887) • Historical cottage (circa 1830) • I mpressive function Centre to accommodate 450 guests with full commercial kitchen and bar Capacity for 18,000 guests in the well designed amphitheatre which has a liquor licence Horse facilities to accommodate the horse stud and excellent fencing show the irrigated pastured paddocks.

View By appointment Kris Teakle 0409 686 626 kris.teakle@elders.com.au

Experience.

Real Estate

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Elders Estates.

BEEF PRODUCTION

WA Maroonah and Mangaroon Stations and Diamond Downs 307,012 hectares - 758,320 acres

7,300 quality Droughtmaster Herd Maroonah and Mangaroon Pastoral Stations, Ashburton Region WA Supported with Diamond Downs farm, SE of Dandaragan Offered as one beef enterprise as a going concern, walk in - walk out Maroonah and Mangaroon Stations (adjoining) 307,012 hectares - 758,320 acres Management ease with good waters, facility placements.

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2016 muster 7,310 head. Sales 2016 - 1,975 head.

Ready to muster winter / spring 2017

Expressions of Interest Closing Thursday, 13th April 2017

Diamond Downs farm, 150 km Perth 1,530 hectares - 3,781 acres Provides quality support for the Stations Quantity of waters, reliable 450 mm annual rainfall Close to Perth domestic beef markets and shipper sources.

Malcolm French 0409 990 988 Malcolm.french@elders.com.au

WA “Dalawn” South Kumminin

Elders Estates.

6,713ha (16,587ac)

Dalawn 6,713 hectares - 16,587 acres Highly Successful Diverse Enterprise

• Export

Hay Awards. 8 tonne ha 2016 •R unning 3,400 ewes, 4,200 lambs (140%) • L arge infrastructure - 4 stand woolshed, massive hay shed, 3 machinery sheds, 4 homes, 4 flex N tanks, 20 silos.

•3 year crop rotation (6,422 ha - 15,862 ac arable), quality fertilizer regime.

•S cheme water, key dams, strong fencing (20 km new).

• One family farm since clearing 1956, Dalawn is set up, ready for decades of peak, diverse production.

• L ocated on the Corrigin-Narembeen Road, west of South Kumminin.

•E xcellent access roads 35km southwest Narembeen, 48 km Corrigin, 285 km Perth.

• L aneway system, top waters, large shedding, grain and hay storage complex, woolshed, large sheep yards, cattle yards, •$ 440 per arable acre including all improvements.

For Sale $440 per Arable Acre Including all Improvements View By appointment Malcolm French 0409 990 988 Malcolm.french@elders.com.au

Experience.

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Elders Estates.

Agent Profile – Phil Keen Tell us about the team and the area you operate in.

I’m focused on rural real estate sales and my role is to manage, support, mentor and drive sales with our rural specialists situated in 28 locations across SA/NT - whilst engaging and utilising the strength of the entire branch network. I’m based at Head Office in Adelaide with the real estate support team. I’ve worked across the Elders business for nearly forty years in many roles and many country locations, which has allowed me to achieve a good understanding of rural producer clients and their needs.

What is it like to be part of the Elders Real Estate network?

We have a tremendous source of understanding, knowledge and real estate intelligence within our real estate group. Understanding clients needs is the key for our people, having that as our focus offers great satisfaction and makes the whole sales process very rewarding and satisfying – it allows us to develop close and trusting relationships with our clients, both sellers and buyers – it’s not just a transaction.

What are you seeing in your patch? What expectations do you have for the SA/NT rural property market this year?

In South Australia, two years of significant and sustained increases in the cattle market have driven demand from the beef sector. This is particularly evident in the lower to mid-south east of SA. This demand has pushed the already buoyant demand from prime lamb and wool producers. In the grain growing areas demand is high – this demand is consistent across both lower and higher production areas right across the state. Most areas are seeing record prices per hectare. The demand is coming not just from larger farming operators and corporate investors but smaller family operations who have paid down debt and are now looking to expand and get ‘scale’ – this has been significant factor in demand growth across most parts of the state. Returns from most commodities are strong giving farmer’s incentive to stay and receive the benefit of excellent returns on their investment rather than sell.

Phil Keen

Rural Real Estate Manager SA/NT

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Looking at the Northern Territory, the consistent high price levels of cattle for the last two years has meant excellent returns for our pastoral clients – there is more appetite to buy cattle properties than sell under the current market. This is expected to continue whilst the cattle market remains where it is – if the cattle market softens that may encourage some to sell, however the question then is - where to invest those funds? Lack of confidence in commercial/lease property, shares or the low return in the money market doesn’t motivate existing pastoralists to off load their asset.

Elders Estates.

PASTORAL

SA Nonowie Station Lincoln Highway, WHYALLA 22513ha Excellent Pastoral - Grazing/Production/Water/ Bush/Improvements • Average rainfall 267mm •E xtensive network of surface water storage and catchment water • Mains water connected • Quality & quantity of salt & blue bush • Extensive livestock facilities •G ood quality water infrastructure, fencing & road network • 20kms SW of Whyalla •H omestead & Station infrastructure in good order • Picturesque Terms: 10% Deposit on fall of hammer.

Settlement date 15 May 2017 or 14 days after receipt of Minister’s consent to transfer.

Information Memorandum available. The Vendor’s Statement relating to matters affecting the advertised property in this publication may be inspected at the agent’s office three business days prior to the Auction or at the place of Auction thirty minutes before sale.

Auction: Tuesday 4th April 2017 11:00am, Stamford Plaza Hotel, Adelaide View By appointment Bruce Cameron Port Augusta 0429 471 966 Philip Keen Adelaide 0438 308 650 RLA62833

Experience.

Real Estate

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Elders Estates.

DAIRY

SA 1099 Eight Mile Creek Road, Eight Mile Creek | 606ac To be offered as a ‘whole’ or 2 ‘contingent’ lots Lot 1: • Land totalling 478 acres (3 separate titles) • 219 acres irrigated under 2 centre pivots • Taking Irrigation licence of 640,800kL • Renovated 2 bedroom cottage • 15 a side Herringbone Dairy • Various shedding • Limestone quarry

RLA62833

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Lot 2: • Land totalling 128 acres • 2009 built Blue Lake home • 4 bedrooms with ensuite • 2 generous living areas • Large undercover decking with return verandah • Magnificent ocean views over Brown Bay • Large shedding ideal for boats and machinery

Contact Agent Brett Exelby 0458 548 756 brett.exelby@elders.com.au

Elders Estates.

SA “Roosland” MYPONGA/HINDMARSH TIERS 412 acres

FLEURIEU

“Roosland” Proven country & preferred location on 167ha (412acs).

A significant property of quality, attraction & seclusion.

Offering a most enviable location with exhilarating 360’ views, well fenced to 5 paddocks with 6 dams.

‘Roosland’ has very extensive cattle yards with sealed road access plus power & meter connected to the property.

The property has been consistently carrying approx. 85 high quality Te Mania blood cows plus autumn (May) calving progeny.

Located smack in the middle of an ultra reliable 775mm - 800mm annual rainfall belt with fertiliser applied annually to the accessible country.

Undulating country with well drained soils & quality stands of remnant native vegetation add to the appeal.

Rural yet not remote, ‘Roosland’ is positioned within the highly regarded Hindmarsh Tiers area. A region popular with the city based purchaser due to its easy access from town.

Invigorating views from the high ground have this property soaring well above the average.....

Location – approx. 7kms Myponga / 20kms Victor Harbor / 60 kms Adelaide.

An attractive vendor finance option would be considered.

“A beautiful balance of lifestyle & commercial reality rolled into one quality holding.”

C.T. 5796/447.

Allotment 11 / DP 54375.

Hundred of Myponga.

Zoning - Primary Production.

Council Area - Yankalilla.

Council Rates - approx. $2,753 per annum.

Land Area - 167ha (412acs).

Paul Clifford 0427 796 144 paul.clifford@elders.com.au Inspection strictly by appointment only.

RLA62833

Experience.

Real Estate

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Elders Estates.

MIXED FARMING

SA 886b Wimmera Highway, Naracoorte | 555.73ha/1373.20acres High return on investment, LANGKYNE ESTATE is diverse in beef cattle, prime lambs, cropping, grain, viticulture and limestone quarrying LANGKYNE ESTATE located 8km east of Naracoorte within the prime select circle of diverse agriculture/horticulture farming security.

Multiple titles totalling an area of 555.73 hectares/1373.20 acres.

• Established income sources of cropping, beef cattle, prime lambs, vineyard and limestone quarrying • C ropping programs of canola, wheat, beans and clover • Excellent fertiliser history • 2 1.12 hectares/52.18 acres vineyard producing Shiraz, Pinot Noir, Cabernet Sauvignon and Chardonnay • Secure 69,154 kL taking water licence • Estimated limestone reserves of 400,000 tonnes - 10 year contract with local operators

RLA62833

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Improvements include • Machinery sheds, irrigation shed, workshop, chemical shed, raised barn, assorted outbuildings • 3 stand shearing shed and yards • Cattle yards, crush, ramp and holding yard • Five 700 bag sealed silos on concrete pads • Gravelled roadways, excellent fencing •3 km to Naracoorte Saleyards, 8km to Graincorp, 6km to Viterra • Reliable 550mm annual rainfall • Excellent lease potential

Residences • Main homestead with a large kitchen.

Separate living and dining rooms suitable for entertaining, flowing outside to the garden and inground pool.

•4 generous bedrooms, 3 bathrooms, office and library • Managers homestead built in 1908 with 14 ft ceilings, jarrah floors and stain glass doors.

• Modern kitchen with pantry and cellar.

•3 bedrooms, 1 bathroom and office plus a 3 car garage

If required, the Vendor will provided transitional management.

Magnificent mature redgum trees stand proudly and gracefully above rich cropping and grazing land. The fertile Terra Rossa soils over a limestone base produce the flavoursome wines that we have come to enjoy. The beauty of this property is not only matched by its diversity but its proven return of capital.

Langkyne Estate is NOT to be over-looked and MUST be seen to truly appreciate its beauty.

Price Enquiries Invited Grant Schubert 0429 077 033 grant.schubert@elders.com.au

Elders Estates.

RECENTLY SOLD

SA “Eagle Creek”, “Sugar Gums” & “Smith’s”, RUDALL 1749.45ha

Solid Mixed Farming Package • Approx. 1,605.8 Ha well cleared and arable • 325-350mm annual rainfall • Well fenced into 23 paddocks • Mains water and troughs available to most paddocks • Large refurbished homestead with solar hot water system • Offered in 3 non-contingent lots

SOLD Darryn Johnston 0428 837 262 darryn.johnston@elders.com.au

RLA62833

Experience.

Real Estate

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Elders Estates.

NT Mt Mcminn Station Roper River RegioN 80960 ha 12

8

Located on the picturesque Roper River and having the permanent Hodgson River running through, Mt McMinn is a pastoral property, well established and well managed.

A total of 80,900ha of outback NT. Stunning escarpments and hills, open black soil and river country and typical roper region red soils. Perpetual Pastoral Lease- secure tenure.

Extensive new fencing and laneway connecting the main breeder paddocks to loading facilities at the main homestead. 2 yards, well constructed and easy to manage.

8 main breeder paddocks, 2 main holding paddocks and coolers on all managed waters. Mt McMinn has run up to 5000hd over the past 5 years, and has scope to run more cattle.

Abundant surface water from permanent rivers, creeks, springs, as well as dams and troughs. Prospective Eco-Tourism - Fishing, Camping, Hunting.

Well maintained station complex, generator power, river water, satellite internet To be sold Walk In Walk Out including 3000hd Brahman cattle, full list of plant and equipment. Sound management in place if required.

For Sale View By appointment Alison Ross 0417 847 950 alison.ross@elders.com.au

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Elders Estates.

Market Update

Variable conditions for the first quarter of 2017 It is a new year and shifts in the Pacific Ocean may mean our weather is entering a new phase. The Southern Oscillation Index is hinting at moving back up after reaching borderline La Nina levels in 2016. In the west the Indian Ocean Dipole (IOD) is moving back to neutral after a very strong negative event. Looking out over the year ahead this means that conditions for the eastern states could go either way and for the west if the IOD drifts to positive that would mean a lot less rain than last year.

Commodity prices have been a mixed bag so far in 2017.

The wool market has seen the eastern market indicator hit a new record of 1,500c/kg at the start of March. The indicator has increased in 7 out of the 8 selling weeks held in 2017, making it the best start to a year for wool prices since 2011.

On the other hand wheat prices remain under pressure from a string of good harvests overseas combined with record Australian production in the 2016/17 season. The market will now watch the performance of northern hemisphere crops coming out of winter dormancy for direction After a surge prices in January the lamb market has been yo-yoing but staying well above average prices. Higher prices have drawn more lambs to market and demand has been strong so it will be interesting to see how long supply can keep up, particularly going into winter.

The Australian beef cattle herd is at a 20 year low after 3 consecutive years of high slaughter rates.

Even so, while remaining historically high, cattle price indicators have been drifting lower with below average summer rainfall recorded for most of Australia’s largest cattle producing regions.

Subscribe to Ag Answers at www.ruralbank.com.au Rural Finance P 1300 796 101 E ag.answers@ruralfinance.com.au W ruralfinance.com.au

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Elders Estates.

VIC “Kulaba” 935 Highlands Road, Whiteheads Creek

VIC 3330 Romsey Road, CHINTIN

3870 Ac 3

1003 acres 6

2

Situated approximately 14 km East of Seymour, the opportunity has presented itself to acquire one of the districts most notable holdings “Kulaba”, comprising 3,870 acres or 1,566 hectares in 18 titles, ideally suited to breeding, fattening, stud use and cropping.

SOLD Nick Myer 0427 610 278 nick.myer@elders.com.au

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“Clunie” represents a unique opportunity to acquire a flagship acreage in an urban fringe location, on a scale that is rarely available to the market.

SOLD Nick Myer 0427 610 278 nick.myer@elders.com.au

VIC 129 Yurittas Road, CAVEAT 818ac 2

2

Situated approx. 35 kms North East of Yea, the opportunity has presented itself to acquire the highly regarded district holding “Adie Farm”.

“Adie Farm” consists of 818 acres – 331 hectares incorporating a comfortable two bedroom home with an adjoining selfcontained one bedroom bungalow, set in an elevated garden setting overlooking an established one hectare vineyard and magnificent northern valley vistas.

SOLD Nick Myer 0427 610 278 nick.myer@elders.com.au

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Elders Estates.

ICONIC WESTERN DISTRICTS HOLDING

VIC 1492 Bundoran Lane, GLENTHOMPSON 5451 acres 6

3

“Bundoran” and “Kolonga” are two superb Western district iconic holdings boasting envied productivity comprising 2,206 hectares – 5,451 acres – with heavy carrying capacity and quality farming improvements of purpose and function. “Bundoran” incorporates a substantial six bedroom homestead with exceptional appointments, a second three bedroom residence and a four bedroom cottage. “Kolonga” incorporates an open plan three bedroom residence.

Ideally located to the south east of Australia’s famous Grampians mountain range, “Bundoran” and “Kolonga” offer the pinnacle in rural living with a broad scale flexible income stream and superb Grampians vistas.

Rural properties of this calibre and productively very rarely present themselves to the market, with astute investors immediately recognising the unique characteristics that make “Bundoran” and “Kolonga” assets of distinction.

SOLD Nick Myer 0427 610 278 nick.myer@elders.com.au

Experience.

Real Estate

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Elders Estates.

VIC 270 - 720 Walkerville Road, TARWIN LOWER 3092.77 acres 5

4

“Burrabadeen” and “Nardoo” offer two of South Gippslands most prominent properties.

Ideally located just 2.5 kilometres east of Tarwin Lower, “Burrabadeen” and “Nardoo” offer the pinnacle in rural living with broadscale flexible income streams, in addition to picturesque ocean coastline.

Rural properties of this calibre are rarely offered to the market, with only three owners in the last 100 years.

Astute investors will immediately recognise the unique characteristics that make “Burrabadeen” and “Nardoo” one of Victoria’s finest rural holdings.

“Burrabadeen” homestead boasts a famous Guildford Bell designed home with exceptional appointments and positioned in a picturesque English and native treed garden and lawn setting, providing a curtain of privacy and brilliant spring texture surrounding the homestead.

For sale View By appointment Nick Myer 0427 610 278 nick.myer@elders.com.au

NSW “Leandah” South Ghoolendaadi, GUNNEDAH 1354.3 hectares 4

2

Located on the renowned Liverpool Plains “Leandah” boasts rich deep alluvial soils along the Cox’s Creek to irrigation/dryland selfmulching black/chocolate basalt cultivation.

This productive cropping operation is subdivided into 758Ha of dryland farming, 293Ha of centre pivot irrigation, 152Ha of flood irrigation, remaining country is grazing and service areas.

To complement the 1285.5 megalitre water allocation the property has huge overland water catchment which gravity feeds into a 1000 megalitre dam, a second 800 megalitre dam also fills from overland flow plus bore and Cox’s creek water, six irrigation bores pump 24 megalitres per day. Substantial improvements include two very comfortable 4 bedroom homes, a range of steel machinery sheds, large workshop, 600T grain shed, 1100T of elevated grain storage and numerous other infrastructure.

Auction: Thursday 23rd March 2017 11:00am, The Civic Theatre Gunnedah View By appointment Ian McArthur 0429 431 519 ian.mcarthur@elders.com.au

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Elders Estates.

NSW 587 Rolfe Road, FINLEY 775.1 hectares 5

RIVERINA

3

To be offered as a whole or in 2 lots (with or without Water Entitlements) as follows; “Palm Grove” 560.7 hectares - 1,385.5 acres and “Oak Park” 214.4 hectares - 529.8 acres Both properties enjoy: •G entle balance of red and grey soil types suitable for summer and winter cropping with an excellent history of fertiliser, lime and gypsum application, substantial fencing throughout • Unique establishment of introduced palm species in addition to cypress and native tree plantations • I deally suited to cattle-wool-prime lambcropping-equine-horticultural production •S ituated 22km north of Finley, 65km Deniliquin, 3.5 hours Melbourne (approx)

For Sale View By appointment Matt Horne 0409 355 733 matt.horne@elders.com.au

NSW “Abercrombie” HAY 4171 hectares

A rare opportunity to acquire a highly versatile Riverina irrigation, cropping, breeding and fattening property.

• Land Area: 4,171 hectares – 10,306 acres freehold • 5 stand shearing shed with adjoining steel yards • 140 x 60 ft secure high rise steel frame shed with power connected • 2,200 acres (approx.) developed irrigation including recycle system • Quality deep irrigation bore powered by heavy duty diesel motor For Sale View By appointment Matt Horne 0409 355 733 matt.horne@elders.com.au

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Elders Estates.

NSW “Glenrowan Aggregation” Glenrowan 415 Melrose Road Mullaley 11,331 hectare (27,988ac)

Recently Sold

Under the direction of Minnamurra’s general manager Dennis Power, “Glenrowan Aggregation” was run as a mixed farming enterprise with a focus on breeding and finishing cattle, fodder production and year-round cash cropping.

It comprised 16 individual properties that were acquired progressively since 2007, when the company began a major expansion beyond its founding base at “Cortina”, “Wollar, in the Mudgee district.

That expansion saw other properties variously bought or leased in both New South Wales and Queensland, building Minnamurra into a beef-producing powerhouse, with an annual joining at its peak of 10,000 Angus cows.

More recently the company has become closely involved with the new Speckle Park cattle breed from Canada, and in 2015 it bought the 2,525ha “Mount Mill” property at Coolah as the new base for its Minnamurra Speckle Park stud.

Company principal, David Reid, said the decision to sell “Glenrowan Aggregation”, and also a Dirranbandi property, “Oinmurra”, reflected his desire to “scale down”, the commercial operation, allowing more scope to develop the Speckle Park venture.

“Glenrowan Aggregation” was jointly sold

by Richard Gemmell, Ian McArthur and Kim Watts of Elders Dubbo, Gunnedah and Forbes respectively through an Expressions of Interest campaign which concluded in a result December 2016 within the anticipated range of $30,000,000 to $40,000,000.

The successful purchaser being Union Agriculture, adding “Glenrowan Aggregation” to its already established New South Wales property portfolio including stations at Tamworth, Galong and Tooma.

Ian McArthur 0429 431 519 ian.mcarthur@elders.com.au Richard Gemmell 0428 164 672 richard.gemmell@elders.com.au Kim Watts 0429 952 499 kim.watts@elders.com.au

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Elders Estates.

QLD Mt Margaret and Kihee Stations 634759ha

Premium producer of quality stock Fertile, drought resistant Extensive flooding Wilson River & Bellalie Creek systems Includes “Berellem” and “Kihee” Stations (Lease/Purchase) Naturally organic producer; safe, healthy and parasite free An excellent mix of sweet, Mitchell grass open and shaded plains, red pebbly soils, flooded water courses and sweet mulga country Good improvements/extensive plant Neighbouring stations: “Nockatunga & Durham Downs”

Price upon Application View By appointment Dick Allpass 0417 070 418 dick.allpass@elders.com.au

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Elders Estates.

historic warwick property

QLD ‘The Glen’ 20111 New England Highway, WARWICK | 199 ha (2,322ac) 4 Circa 1890, this historic homestead is set in award winning gardens 12 km south of Warwick. Offering 199 ha (492 acres approx) of rolling hills to creek flats with cultivation.

Sandstone block and timber construction, 4 bedrooms, 2 bathrooms, office, formal lounge, dining with modern kitchen.

Large sweeping verandahs overlooking the tennis court, stables, tack room, hay sheds, cattle yards and shearing shed.

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9 paddocks with 2 holding paddocks with near new fencing, approx 100 acres of cultivation.

Double frontage to Glen Creek with water tanks and new bore pumping to 20,000 gallon tank servicing the property.

For Sale by Expressions of Interest closing 4pm Wednesday 16th November 2016 A historic property with magnificent home and gardens has the charm that links us with Australia’s pioneering heritage

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Expressions of Interest View By appointment Andrew Williams 0429 004 299 andrew.williams@elders.com.au

Elders Estates.

IRRIGATION

QLD “Lake Mary” Mackenzie River Frontage 4,076ha (10,069 acres)

• 210km from Emerald, 240km from Rockhampton and 93km from Dingo • Strong alluvial black soil river country originally timbered with Brigalow, yellowwood and coolabah • 2 x 600ac centre pivots. 690ac flood and 2,200ac previously used for cultivation and 6,580ac of grazing country all fully developed to improved pastures of Buffel and Panic, undersown with butterfly pea and stylos • Subdivided into 10 paddocks serviced by laneway systems to solid set of timber cattle yards • 828ML allocation and 6,290ML water harvesting licence. Excellent pumping infrastructure to extract from Mackenzie River, Lake Mary and Tartrus Weir.

• Comfortable low set 4 bedroom home, 22 x 28m concreted machinery shed enclosed on 3 sides, power connected, with attached 6 bay workshop and quarters

Expressions of Interest Virgil Kenny 0427 334 100 virgil.kenny@elders.com.au

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Elders Estates.

LIVESTOCK PRODUCTION

QLD “Portland Downs”, LONGREACH | 99990ha An opportunity to buy a ‘name’ property! History and performance. Strength of country and water improvements. Scale 6,000 cows or 60,000 sheep + cattle. Recent dry years has focussed management on upgrading fencing, water & timber treatment.

Portland is being sold bare of livestock. The sale includes the station plant.

Elders Brisbane Dick Allpass M: 0417 070 418 P: 07 3840 5533 Elders Blackall Daven Vohland M: 0428 581 001 P: 07 4657 8005 Elders Longreach Tim Salter M: 0429 649 693 P: 07 4652 8600

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www.eldersrealestate.com.au

Expressions of Interest View By appointment Dick Allpass 0417 070 418 dick.allpass@elders.com.au

Elders Estates.

BEEF PRODUCTION

QLD “Mayfield” Dingo | 4242.123ha 32 km NW of Dingo & 31 km NE of Bluff via Locarno Rd, 180 km to Rockhampton & 206 km to Biloela • Gently undulating Brigalow, Blackbutt, Softwood scrub country fully developed & improved to strong stands of Buffel, Rhodes & Panic.

• Sub – Divided into 18 main paddocks serviced by a laneway system to centrally located cattleyards.

“BEEF PRODUCTION AT ITS BEST” •S olid set of timber & steel cattleyards with 7 way draft c/w Brecken Hydraulic vet crush, weigh box & calf handling facilities.

•S ecure water infrastructure throughout the property supplied from 4 equipped bores supporting 14 dams 2000m3 to 28000m3 ( District average rainfall 27”) •C omfortable A/c Homestead, 4 bedrooms, A/c Cottage, Machinery Shed, Workshop & Storage Sheds.

Expressions of Interest View By appointment Virgil Kenny 0427 334 100 virgil.kenny@elders.com.au

Experience.

Real Estate

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Experience.

Real Estate