Petro Station is for sale via an EOI campaign that closes August 7. Photo: Elders Real Estate

GO.FARM has listed Petro Station, a 26,673ha cropping and conservation portfolio, and one of the largest dryland holdings to come to market in the northern Mallee in recent years.

Located 60km north-east of Mildura, the New South Wales property has been developed into a high-performing, operationally mature asset being offered as a going concern through Elders Real Estate.

Petro Station includes 9646ha of arable land and 12,525ha protected under a Biodiversity Conservation Agreement.

GO.FARM identified Petro Station for its productive soils and its high potential to respond to modern best-practice farming systems, which have lifted its long-term cereal yields from around 1.3 tonnes/ha at acquisition in 2018 to a rolling three-year average of 2.9t/ha.

This lift has been attributed to the resilience of the updated farming system, and more than 8000ha of targeted soil amelioration, including deep ripping, nutrient balancing, stubble retention, and moisture protection.

The transformation of Petro Station has further been supported by significant investment in people, technology and infrastructure in a region where listings of this scale and operational readiness are increasingly rare.

“As an agricultural property developer, we believe we have transformed Petro’s productivity, demonstrated its potential, and now seek to transfer its stewardship to the next owner,” GO.FARM managing director Liam Lenaghan said.

“It’s been a long-term effort by a dedicated team, so we’re proud of the asset Petro has become and the opportunity it now presents.”

The offering includes 2800t of grain and fertiliser storage, extensive hay and machinery shedding, 14 spray tanks and a 33,000-litre diesel tank, with that investment further supported by the recent upgrade of Arumpo Road to significantly improve access and operational efficiency.

Accommodation includes a homestead, two staff dwellings and an eight-room donga complex with a commercial kitchen.

Petro Station’s average cereal yield has more than doubled under current ownership. Photo: Elders Real Estate

The property’s tenure has also been strengthened through its conversion from Western Lands Lease to freehold title.

“Petro Station is the outcome of best-practice farming and executional excellence on the ground,” Elders Real Estate’s Nick Myer said.

“The systems are in place, the infrastructure’s there, and the yield performance speaks for itself.

“It’s a genuine turnkey opportunity for large-scale family operators, corporate buyers or investors seeking scale and operational readiness.”

Environmental credentials are another drawcard.

The property is certified under the Leading Harvest Farmland Management Standard and operates within GO.FARM’s Responsible Agriculture Framework.

Additionally, the conservation area is secured under an in-perpetuity agreement with the NSW Biodiversity Conservation Trust for the long-term protection of native Mallee ecosystems.

GO.FARM is open to supporting a smooth transition for incoming owners, including the potential for continuity with the existing farm team.

Petro Station is for sale through an expressions-of-interest campaign which closes August 7.

Source: Elders Real Estate

NOTE: Petro Station listed in 2022 under current ownership with price expectations in excess of $20 million.