Two agricultural properties spanning close to 7,000ha and home to the heritage-listed One Ton Post survey marker in Queensland’s Border Rivers region have been listed for sale.
Carnarvon totals 4,356ha, comprising approximately 988ha developed to flood irrigation, 406ha of dryland cultivation and 2,962ha of grazing and support land.
The property benefits from fertile soil types underpinning high cotton and grain yields, as well as on-farm storage totaling 11,370mL and water entitlements of 2,600mL Barwon Zone Nominal Volume and 3,666mL of Barwon-Darling water.
The heritage-listed One Ton Survey Post - Australia’s largest wooden survey peg - is also located on the property. Established in 1882, the peg marks the 29th parallel of latitude – the straight section of the Queensland/New South Wales border, from Cameron Corner to the Barwon River.
The second property, Garrawilla & Belmore, is a 2,316ha property, comprising 1,398ha developed to flood irrigation, 362ha of dryland cultivation and an additional 556ha of grazing and support land.
The property benefits from on-farm storage capacity, totaling 6,700mL in addition to water allocations of 7,293mL of Barwon Zone Nominal Volume.
The two properties are being offered for sale separately. CBRE’s Josh Ledingham and Simon Cudmore have been appointed to sell Garrawilla & Belmore via Expressions of Interest. The pair are also selling Carnarvon, conjunctionally with Moree Real Estate’s Cliff Brown and Paul Kelly, via Expression of Interest.
The properties are each expected to generate buyer interest of around $22 million.
Mr Cudmore commented on the sale campaigns: “These properties represent an outstanding opportunity to acquire scale and quality in one of Queensland’s most renowned agricultural regions. We expect they will receive buyer interest from corporates and large local land owners – attracted to the significant water entitlements and storage, coupled with the future development potential the asset provides.
Carnarvon totals 4,356ha, comprising approximately 988ha developed to flood irrigation, 406ha of dryland cultivation and 2,962ha of grazing and support land.
The property benefits from fertile soil types underpinning high cotton and grain yields, as well as on-farm storage totaling 11,370mL and water entitlements of 2,600mL Barwon Zone Nominal Volume and 3,666mL of Barwon-Darling water.
The heritage-listed One Ton Survey Post - Australia’s largest wooden survey peg - is also located on the property. Established in 1882, the peg marks the 29th parallel of latitude – the straight section of the Queensland/New South Wales border, from Cameron Corner to the Barwon River.
The second property, Garrawilla & Belmore, is a 2,316ha property, comprising 1,398ha developed to flood irrigation, 362ha of dryland cultivation and an additional 556ha of grazing and support land.
The property benefits from on-farm storage capacity, totaling 6,700mL in addition to water allocations of 7,293mL of Barwon Zone Nominal Volume.
The two properties are being offered for sale separately. CBRE’s Josh Ledingham and Simon Cudmore have been appointed to sell Garrawilla & Belmore via Expressions of Interest. The pair are also selling Carnarvon, conjunctionally with Moree Real Estate’s Cliff Brown and Paul Kelly, via Expression of Interest.
The properties are each expected to generate buyer interest of around $22 million.
Mr Cudmore commented on the sale campaigns: “These properties represent an outstanding opportunity to acquire scale and quality in one of Queensland’s most renowned agricultural regions. We expect they will receive buyer interest from corporates and large local land owners – attracted to the significant water entitlements and storage, coupled with the future development potential the asset provides.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
