A freeholding irrigation enterprise spanning almost 5,000 hectares in Queensland’s south west has been listed for sale.
CBRE Agribusiness has been appointed to steer the marketing campaign for Hortonvale – a 4,815 hectare irrigation landholding underpinned by extensive water resources from the Warrego River.
Positioned approximately 15 kilometres from Cunnamulla, Hortonvale includes a 36,500 megalitre water allocation and irrigated areas totalling 1,271 hectares.
Historically, the property has produced a range of conventional and organic crops, including wheat, sorghum, chickpea, mung beans, oaten hay and cotton.
CBRE’s Danny Thomas said the property’s substantial water resources would attract strong buyer interest from a range of groups.
“Hortonvale will appeal to a range of industry participants, from graziers to farmers seeking production and geographic diversity with scale,” Mr Thomas said.
“This is highlighted from the historic cropping rotation and the ability to background prime lambs. Cropping has also exhibited high yielding crops.”
Hortonvale also includes organically certified irrigation fields totalling 110 hectares, in addition to high quality fit-for-purpose infrastructure.
“The organic certification is also a key feature, with it enabling the property to be integrated within an organic supply chain and providing the ability to capture organic premiums,” Mr Thomas added.
The landholding, which benefits from dual frontage to the Mitchell Highway, also offers significant scope for expansion, with potential to increase water storage from 12,330 megalitres to 20,430 megalitres.
There is also potential to increase development of irrigation areas from 1,271 hectares to 2,682 hectares.
Hortonvale is being offered for sale by Expression of Interest closing December 2 at 4pm.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), 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 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.