The Staplegrove Aggregation’s infrastructure includes a grain-drying unit. Photo: LAWD

THE Staplegrove Aggregation on the Liverpool Plains, Oolloo Road in the Douglas-Daly region and adjoining properties in the St George region are all on the market.

While Staplegrove is being sold by a family interest, Oolloo Road and the St George holdings are being sold by institutional investors.

Staplegrove Aggregation, NSW

More than $45 million is anticipated for a stellar dryland cropping and grazing opportunity at the coveted southern end of the renowned Liverpool Plains of northern New South Wales.

After two generations, the Norman family is selling the 3088ha Staplegrove Aggregation near Blackville, 48km from Willow Tree and 65km from Quirindi.

It comprises three non-contiguous properties: 1714ha Staplegrove; 1021ha Brenand, and 353ha Glendower.

LAWD agent George Barton is anticipating strong interest from institutional buyers and well-geared local farming families, describing the high rainfall country as ‘exceptional’ and the scale as a ‘rare commodity’ for the region.

The near-level Staplegrove Aggregation features deep black self-mulching clay soils rising to pockets of chocolate basalt soils.

Around 2200ha is planted to winter and summer crops, including wheat, barley, chickpeas, faba beans, canola, sorghum and cotton, with the 888ha balance used for grazing.

Staplegrove Aggregation is watered by creek frontages, seasonal waterways and bores.

Infrastructure includes a home, two cottages, cattle yards, numerous sheds, a grain dryer and 3800 tonnes of grain storage.

Staplegrove Aggregation is being offered for sale in one line or as separate assets closing on August 15.

Oolloo Road, NT

North of $15M is anticipated for a Northern Territory irrigated cropping development opportunity owned by Black Kite, the investment vehicle of Harvard University’s staff pension fund.

The 1798ha Oolloo Road is situated in the Douglas Daly region, 10km from Douglas Daly and 120km from Katherine, in a productive agricultural region surrounded by intensive cropping, forestry and grazing.

Nearby commodity processing facilities include a newly built cotton gin at Katherine.

Oolloo Road. Photo: LAWD

Previously used for forestry production, Oolloo Road is locally referred to as Midway Farm A, Midway Farm B and Midway Farm D.

Benefitted by quality soil types including clay loam and sandy soils, it is suited to high value cropping conversion including cotton, horticulture and intensive fodder production.

The dryland cropping (or grazing) area spans 1160ha, with an additional 637ha developed to dripline irrigation supporting an existing Indian sandalwood plantation.

The property is underpinned by groundwater from the Oolloo Dolostone Aquifer, supported by five bores with a combined annual extraction capacity of 4850ML.

The Daly River is located 5km west of the holding.

Improvements include four homes, two staff accommodation units, numerous sheds and high-quality irrigation infrastructure.

Oolloo Road is offered for sale by expressions of interest closing on August 8.

LAWD agents Olivia Thompson, Danny Thomas and Erica Semmens are handling the sale.

Hollymount and Mt Driven Aggregation, Qld

The Sydney-based, Chinese-owned Hailiang Australian Land Investment Company is offloading two adjoining cattle and cropping assets in southern Queensland.

The 61,007ha Hollymount and Mt Driven are located 51km south-east of St George and 164km north-west of Goondiwindi.

Purchased in February 2014, the Hailiang Australian Land Investment Company paid $31.5M for Hollymount and $10M for Mt Driven and is selling after a 10-year investment term.

The properties are being offered for sale on a bare basis as a whole or as separate holdings, plus a package of three unsupplemented water allocations totalling 3980ML.

Ray White Rural agent Richard Brosnan was unable to give a price guide for the diverse portfolio of properties, saying an expressions of interest process will realise its market value. EOIs for Hollymount and Mt Driven close on August 22.

Hollymount

The 34,046ha Hollymount comprises four adjoining properties – Hollymount, Iandra, Beltana, and West Harran – ideal for cropping and grazing.

There are 3500ha of dryland cultivation currently sown to oats and wheat, 3500ha of previous cultivation converted to buffel, 11,960ha of improved pastures and 11,895ha of grazing country, with the remainder older regrowth timber and remnant vegetation.

Hollymount is watered by two bores and 30 dams.

Infrastructure includes two homes, a donga, two steel cattle yards, numerous sheds, five silos, a shearing shed and quarters.

Mt Driven

The neighbouring 26,960ha Mt Driven comprises Westernbrook and Mt Driven, and is 36km east of St George.

It consists of 18,760ha of established improved pastures, 1800ha of cleared cultivation and 700ha of cultivation land, with 5700ha of remnant vegetation.

It is watered by the Moonie River, two bores, one of which is shared between three neighbouring properties, and 24 dams.

Infrastructure includes two homes, two steel cattle yards and a shearing shed.

Grain Central: Get our free news straight to your inbox – Click here