A FREEHOLD irrigation property spanning almost 5000ha in Queensland’s south western border district has been listed for sale.
Hortonvale is a 4815ha irrigation holding underpinned by extensive water resources from the Warrego River. Located 15km from Cunnamulla, the property includes a 36,500 megalitre water allocation and irrigated areas totalling 1271ha.
There is potential to increase development of pivot irrigation areas to 2682ha.
Historically, the property has produced a range of conventional and organic crops including wheat, sorghum, chickpeas, mung beans, oaten hay and cotton. Lamb fattening on irrigated forage crop has also featured in the past.
CBRE Agribusiness is handling the marketing of the property, being offered by expressions of interest closing December 2. Vendors are well known Cunnamulla district wool and lamb producers, Geoff Dunsdon and family.
CBRE’s Danny Thomas said the property’s substantial water resources would attract strong buyer interest from a range of groups.
“Hortonvale will appeal to a range of industry participants, from graziers to farmers seeking production and geographic diversity with scale,” he said.
“This is highlighted from the historic cropping rotation and the ability to background prime lambs. Cropping has also exhibited high yielding crops.”
The holding also includes organically certified irrigation areas totalling 110ha, previously used for wheat production.
High quality irrigation infrastructure includes pivots and lateral move irrigators and a three-million cubic metre storage, storing 24,500Ml.
“The organic certification is also a key feature, with it enabling the property to be integrated within an organic supply chain and providing the ability to capture organic premiums,” Mr Thomas said.
The landholding, which benefits from dual frontage to the Mitchell Highway, also offers significant scope for expansion, with potential to increase water storage from 12,330 megalitres to 20,430 megalitres.
- Expressions of interest on Hortonvale close 2pm, Friday, December 2.