BLUE-CHIP south-west Queensland cropping properties Undabri and Yambocully have been listed for sale for around $100 million by their Chinese owners.
Located in the Border Rivers region near Goondiwindi, the aggregation has a history of growing summer and winter crops in addition to supporting a large livestock enterprise.
Close to cotton gins, grains receival sites and feedlots, the 13,920ha aggregation has been put together over 10 years by the Shanghai-based private investment group Oriental Agriculture.
In 2015, the company paid more than $30M for Undabri including extensive water licences.
A year later, it secured the neighbouring Yambocully from the Corish family for close to $20M on a walk-in walk-out basis.
Today, the aggregation consists of six holdings over two contiguous properties: 10,444ha Undabri and 3475ha Yambocully.
It is currently being managed by the Australian-owned and operated Customised Farm Management, with potential to engage the rural asset management company beyond the sale.
JLL Agribusiness agents Clayton Smith, Chris Holgar, and Geoff Warriner have been appointed to sell the large-scale irrigated and dryland farming opportunity.
Mr Smith believes it will appeal to local, domestic and foreign buyers, particularly existing private operators seeking a bolt-on acquisition on Goondiwindi’s doorstep.
“The tightly held Border Rivers region is considered to be one of the premier irrigated and dryland cropping regions in Australia, representing a mature agricultural investment landscape underpinned by a large institutional footprint,” Mr Smith said.
Annual irrigation water entitlements exceed 15,000ML including 8399ML of supplemented and un-supplemented entitlements via the Yambocully Scheme, plus overland flow, and more than 10,500ML of on-farm storage.
The mostly flat, deep and fertile black self-mulching and cracking-clay loams typical to the vast floodplain are suited to growing a variety of summer crops including cotton and sorghum, and winter cereals, canola and chickpeas.
There is 1700ha of irrigation country consisting of flood, lateral-move, and centre-pivot irrigation, 8100ha of dryland farming, and 4110ha for grazing, infrastructure and support lands.
Improvements include multiple residences and sheds, elevated silos and modern livestock-handling facilities.
The Undabri and Yambocully Aggregation is being offered in one line or as separate assets via a two-stage expressions of interest campaign closing November 23.
Get our free news straight to your inbox – Click here