Property

WALT Portfolio among latest WA listings

Linda Rowley July 19, 2024

The WALT Portfolio has been aggregated in recent years and features quality improvements including 562t of grain storage. Photo: Elders

THREE listings in diverse regions of Western Australia are on the market, with offers now being invited for the 5595ha WALT Portfolio in the Great Southern.

Asking $12.5 million is the combined offering of Flora Downs and Marri Valley, west of New Norcia, while Tankhill, north of Lake Grace, has listed at $4.9M.

Flora Downs and Marri Valley

An aggregation spanning close to 3000ha in a renowned 500mm rainfall area has been listed for sale for $12.5M.

The adjoining 1467ha Flora Downs and the 1512ha Marri Valley are located 18km from Mogumber and 135km north of Perth.

Peter Storch from Westcoast Rural Real Estate trading as Raine & Horne Rural said the two properties offer scale and diversity.

“The aggregation is ideal for cropping, cattle and sheep breeding and backgrounding, and/or carbon farming.”

Mr Storch has already fielded good eastern states inquiry.

“The high rainfall and soil types are a drawcard for existing farmers, but are also attracting interest from South Australia and those looking to invest.”

Flora Downs and Marri Valley is well developed and located for mixed farming. Photo: Westcoast Rural Real Estate

Growing rich perennial pastures to fatten livestock, around 70-75 percent of the high undulating country is arable and could be converted to cropping.

The versatile soils include mainly medium to light gravel, white clay, sand and yellow types suitable for growing wheat, canola, oats and hay.

Offering three road frontages and close to the Muchea Livestock Centre and major feedlots, Flora Downs and Marri Valley are watered by soaks and dams.

Improvements include two homes, numerous sheds, cattle and sheep yards, a three-stand shearing shed, silos and excellent fencing.

Tankhill

After three decades of ownership, the versatile 1365ha mixed-farming and grazing country in the eastern wheatbelt region, Tankhill, is being sold.

Located near Kuender, 27km north of Lake Grace and 280km north of Albany, it is being offered to the market by Raymond Bushby, who is retiring to the south coast.

The property has been listed with a $4.9M price tag by Zephyr Real Estate agents Neville Tutt and Peter Hassell.

Featuring an elevated position, the wide-open, gently undulating country has a mix of soils including sandy duplexes and gravels, clays and loams.

The 2024 cropping program includes 1100ha of mostly canola, with the balance supporting 1200 ewes and lambs.

Tankhill is well watered and features a range of soil types. Photo: Zephyr Real Estate

Situated in a 330mm rainfall region, Tankhill is abundantly watered by 11 dams, two soaks, two scheme water connections and two 10,000-litre water tanks.

Mr Tutt described the water supply as excellent.

“It is extremely reliable for the district,” Mr Tutt said.

“The scheme water makes Tankhill drought-proof, with early rains setting up the property for a good to above-average year.”

Infrastructure includes a four-bedroom home, numerous sheds, a four-stand shearing shed, sheep yards and four grain silos with 5200 tonnes of storage.

WALT Portfolio

A portfolio of cropping and grazing farms in a sought-after, high-rainfall region has been listed for sale after failing to sell via an expressions-of-interest campaign.

Aggregated over 11 years by European-owned and Melbourne-managed First Australian Farmland, the 5595ha WALT Portfolio is being offloaded to allow the vendors to focus on other investments.

Considered a large-scale offering for the region, the holding is located 65km south-west of Albany in the Great Southern region, and is suited to canola and cereal cropping and cattle and sheep production.

The WALT Portfolio comprises two operational hubs around 12km apart – the 1017ha Gidget and 1035ha Range Montana near South Stirling and the 999ha Wimbush, 978ha Tagliaferri and 1564ha Goodhope near Green Range.

Arable area is estimated at 3937ha, and the 2024 cropping program consists of 1162ha of canola, 1035ha of barley and 575ha of wheat.

Also suited to livestock production, the vendors have been running 9000 sheep.

The WALT Portfolio has been running 9000 sheep as well as growing canola and cereals. Photo: Elders

Elders agent Simon Cheetham said as a result of their close proximity to the South Coast and 620mm of average annual rainfall, the farms benefit from a mild climate, with a very low frost risk and minimal days of heat stress.

“It is an ideal acquisition for farmers or investors looking to increase their footprint in a reliable, tightly held, generational farming location.”

Across the aggregation, water is supplied by three bores, dams and rainwater tanks holding 275,000 litres.

Infrastructure includes two homes, a five-stand shearing shed, modern steel sheep yards, confinement feeding facilities, numerous sheds, meticulous fencing and 562 tonnes of grain storage.

 

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