Condamine portfolio offers diverse cropping, grazing mix

Grain Central, November 30, 2022

The Condamine River Portfolio includes 16.5km of frontage to the Condamine River. Photo: CBRE

QUEENSLAND power generation company CS Energy is selling a portfolio of nine cropping and grazing aggregations totalling 4447 hectares in the Western Downs.

The Condamine River Portfolio is situated near Chinchilla in the districts of Hopeland, Boonarga and Brigalow.

The noncontinuous holdings offer 16.5-kilometre frontage to the Condamine River.

Over 60 per cent or approximately 2540ha of the total holding is considered arable, with the properties capable of growing wheat, barley, grazing crops and some pulses, such as mungbeans.

There is also a small opportunity on one or two aggregations to develop irrigated land for crops like lucerne.

Several aggregations are also suitable for running cattle and would be ideal for a prospective buyer with an existing stud or bull-finishing depot.

Proximity to CS Energy

The Queensland Government-owned CS Energy operates the Kogan Creek power station and Kogan Creek open-cut coal mine, as well as the Callide power station and several wind, solar and pumped hydrogen assets.

Both Kogan operations are located south of Chinchilla within the vicinity of the Condamine River Portfolio.

However, Grain Central understands all aggregations in the portfolio are considered farming properties and are not impacted by CS Energy’s operations, and coal has not been mined on the properties.

CBRE agent Edward O’Dwyer is handling the listing, and said it will be sold as individual assets, as well as being receptive to non-conforming bids for parts of the respective individual aggregations.

“Given the proximity to Chinchilla, the Condamine River frontage, and the range of size, scale, and use of the assets in the portfolio, there’s much on offer and something for everyone,” Mr O’Dwyer said.

North of the Condamine River, the holdings include North 1 Aggregation – Ebony (183ha); North 2 Aggregation – McCutcheons and Fayes (399ha); North 3 Aggregation – Rodgers, Forest Park; Boonarga and Craigmore (387ha); and North 4 Aggregation – Jones, Dandaloo, and Bendaloo (336ha).

On the south side of the river, the holdings include South 1 Aggregation – Forteseven and Sunnyvale (663ha); South 2 Aggregation – Wilga Hill, Mi Von and Glen Wilga (881ha); South 3 Aggregation – Riverview (539ha); South 4 Aggregation – Cloverdale and Strathmore (665ha), and South 5 Aggregation – Glengarry and Teran (395ha).

The properties offer arable and irrigable land with alluvial soils throughout, ranging from brown duplex to grey self-mulching cracking clays.

In addition to on-farm water storage, there are also water licences or allocations available for some aggregations, and the region has an average annual rainfall of more than 600 millimetres.

All holdings have improvements including sheds, cattle yards, dwellings and fencing of varying condition.

The Condamine River Portfolio is being offered via a two-stage expressions of interest campaign, with the first round closing December 16.

Source: CBRE


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