BILOELA sisters Chelsea and Jessica Howard and Phillipa Leahy have paid $4.125 million at auction for the Central Queensland fodder and cattle property Glenreagh.
Advertised as “the ultimate leucaena property”, Glenreagh covers 966 hectares, and is located 8 kilometres north of Banana, and 53km west of Biloela.
On behalf of vendors Doug and Sandra Barnard, Hourn & Bishop Qld, Moura, conducted more than 30 inspections of Glenreagh prior to the 23 May auction which saw nine parties register for bid cards, and bidding open at $3.3M.
Glenreagh is predominately gentle undulating brigalow, blackbutt and softwood country running to flats along the Banana and Police Camp creeks, and with a small area of broadleaf ironbark country.
More than 400ha of leucaena has been established on Glenreagh, and its pastures are mainly buffel, green panic, bambatsi, butterfly pea, siratro, seca stylo and native grasses.
The property is watered by a main bore connected to 240-volt power and equipped with a submersible pump which takes water to the house, cattle yards and six poly tanks to provide water to most paddocks.
Glenreagh has a second bore equipped with a pump jack and a Lister LT1 engine, and three paddocks have dams.
Glenreagh has a modern set of steel cattle yards which include a concrete plunge dip and feature a covered work area, crush, curved force, curved race, and a pneumatically operated three-way draft.
Glenreagh has been subdivided into 11 main paddocks, most of them serviced by two laneways, and it includes a home with additional office area, large steel machinery shed and workshop.
Hourn & Bishop Qld director Gary Bishop said the Barnards had done a great job with improving the property, which was reflected in the number of people who showed interest in Glenreagh.
Source: Hourn & Bishop Qld