SOME impressive properties spread across southern Australia are on the market ahead of the spring selling season.
They include Logan in northern Tasmania, Cantabilling Springs in Western Australia, Ashford Heath in central New South Wales, and the Beverley portfolio and a farm at Merrinee in Victoria.
Logan, Tasmania
Around $50 million is anticipated for a blue-ribbon grazing and irrigated and dryland cropping opportunity in Tasmania’s Northern Midlands.
Owned by the Peltzer family for more than 70 years, the 2683ha Logan is situated 20 minutes from Launceston.
Given Logan’s highly secure water, fertile soils and excellent climatic conditions, the property lends itself to a broad spectrum of agricultural pursuits including intensive cropping, horticulture, grazing and dairying.
It offers first-class irrigation with 602ha developed to centre pivots, with additional land earmarked for irrigation development which would further enhance production.
A standout feature is the gravity-fed irrigation system with a network of strategically placed dams, optimising efficiency by eliminating the need for pumping.
Around 1290ha can be used for grazing or dryland cropping, there is 689ha of undulating grazing and the balance comprises remnant vegetation and pine plantations.
LAWD senior director Danny Thomas said properties of this scale rarely come to market in the tightly held Evandale district.
“Since it was first settled in the early 1800s, Logan has had three owners and the Peltzer family, who have been custodians since 1950s, have developed it into a successful and progressive prime-lamb operation.”
Mr Thomas said the turnkey operation will appeal to a range of buyers.
“Interest is likely to come from domestic and international corporate farming groups, institutional investors, existing landholders seeking expansion opportunities and high net worth individuals looking to secure a showpiece asset.”
Clare Peltzer said it is time for the family to move on.
“Our family is proud of what it has achieved across the property, however there is still scope for further development.”
Boasting an extensive frontage to the Rose Rivulet and Jeffries Creek, water is secured from a 600ML licence from the Rose Rivulet and three dams with 2200ML of capacity.
Infrastructure includes a circa-1880 five-bedroom homestead, a further four dwellings, shearers’ quarters, a hunting lodge, a modern five-stand shearing shed, sheepyards, 240 tonnes of silo storage, a 70t fertiliser bunker and numerous sheds.
Logan is being offered to the market by expressions of interest closing on September 12.
Cantabilling Springs, WA
Premium farmland in Western Australia’s Wheatbelt is being offered for sale by Badgingarra’s James and Rebecca Raffan after 12 years ownership.
The 1451ha Cantabilling Springs is located in the Hill River region which boasts some of WA’s richest soil types, 25km east of Jurien Bay and 250km north of Perth.
Around 600ha of the highly productive gravel loams and sandy clay loams are growing wheat, oats and canola, with the balance of country running a Dorper operation comprising 3000 ewes and 4000 lambs.
Situated in a reliable 500mm rainfall region, the Hill River area, Cantabilling Springs was selected in the 1900s for its water availability, soils and proximity to the coast – which offers long growing seasons.
The property once formed part of the 6349ha Cantabilling Springs Farm owned by Janet Holmes a Court’s Heytesbury which was sold to WA businessman Ric Stowe, before being split up and offloaded following the collapse of his coal business.
Cantabilling Springs neighbours the 3600ha Black Arrow and the 1500ha Finnies purchased three years ago by Andrew Forrest’s Harvest Road Group for a reported $15m to $18m.
It is logical to imagine the group would consider adding Cantabilling Springs to the Jurien Bay portfolio given its water security.
The property is home to the renowned Cantabilling Spring, which provides abundant naturally occurring artesian water.
As well as the bore, there are three dams and nine soaks as well as a 57,100-litre water licence for domestic and stock water purposes.
Nutrien Harcourts agent Terry Norrish said the property is well managed and offers substantial opportunities for future development.
Infrastructure includes a renovated four-bedroom home, a four-bedroom manager’s residence and four new silos.
The fencing and laneway access are described as excellent.
Cantabilling Springs is being sold via offers to purchase closing September 4.
Ashford Heath, NSW
Keith and Barbara Jones are seeking more than $5300/ha for their productive mixed farm used for dryland cropping and grazing in the Central West region of NSW.
Held by members of the Jones family for around 70 years, the 2538ha Ashford Heath is located 10km from Bogan Gate, 12km from Trundle and 40km from Parkes.
Around 1963ha, or 77 percent, of the productive red and brown soils is arable; the current owners sow 800ha to dryland winter cereal crops including canola, wheat, barley and oats.
The vendors operate a breeding and finishing prime-lamb program on the balance of the picturesque undulating landscape, with 9000DSE grazing on native pastures.
LAWD agent Ian Robertson said Ashford Heath offers the incoming purchasers true flexibility in enterprise selection.
“Inquiry is coming from locals as well as Victorian producers willing to relocate for scale, value for money, geographic diversity and enterprise flexibility.”
Securely watered by 44 dams and three bores, the infrastructure includes a four-bedroom home, a near new four-stand shearing shed, sheep yards, sheds and silos.
In addition, the property has a 6ha quarry with the Parkes Shire Council extracting between 30,000 and 50,000 tonne per year. Income is generated at $1 per tonne extracted.
Ashford Heath is offered for sale by a two-stage expressions of interest process closing on September 3.
Beverly Farming Portfolio, Victoria
Colliers Agribusiness has listed a productive cropping portfolio in Victoria’s renowned Wimmera region.
The 886ha Beverly Farming Portfolio is located 17km from Minyip, 26km from Donald and 54km from Horsham.
It comprises six properties known as 242ha Marnoo, 132ha Rich Avon, 128ha Woods, 125ha Top Paddock, 129ha South-east and 129ha Hemphills.
Offering highly productive soil types and favourable topography, the property is underpinned by a 404mm average annual rainfall.
With 840ha, or 95p, being arable, the six holdings have been operated as part of a continuous cropping program on a lentil-cereal-canola rotation.
Colliers Agribusiness agent Duncan McCulloch said the Beverly Farming Portfolio offers the potential to capitalise on an increasing price for carbon and high demand for natural capital assets, via a soil carbon sequestration initiative.
The Beverly Farming Portfolio is being offered for sale in one line or as separate assets, with or without crop, by expressions of interest closing on September 10.
56 and 57 Meridian Road, Vic
A sizeable north-west Victorian cropping and grazing property has been listed for sale by Elders agent Marty Deacon for $2.975M.
The 2546ha property located at 56 and 57 Meridian Road, Merrinee, is 30km from Mildura, and close to grain receival centres near Carwarp, Yelta, Werrimull, and Ouyen.
Around 1942ha of mostly red sandy arable soils are growing more than 1000ha of wheat and 607ha of barley with 1618ha included in the sale.
The balance is semi-open grazing country featuring some native mallee and herbages and grasses.
Mr Deacon said the productive property would suit all farming and grazing pursuits and/or carbon initiatives.
“This is a rare opportunity to secure a large-scale single parcel of land close to a major regional centre,” Mr Deacon said.
“The versatile country offers many possible uses and an almost immediate sizeable income potential.”
Water is supplied by the permanent pressurised Millewa pipeline scheme and two catchment dams.
Improvements include a one-bedroom cabin, a machinery shed and two silos with 140 tonnes of capacity.
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