A large scale irrigated and dryland cropping property with significant development upside in Queensland’s south-west farming region is being offered to the market.
CBRE Agribusiness has been appointed to steer the sale campaign for the enterprise, Clyde, which adjoins the well-known Cubbie Station and is 90 lineal kilometres south-west of major rural township St George.
The property has a combined land area circa 18,418 hectares, including 3,904 hectares of highly developed flood irrigation, of which circa 1,721 hectares has been developed to bankless channel.
Clyde has historically operated as a mixed irrigated and dryland cotton production and grain growing enterprise. There is 7,743 hectares of arable land, currently used for grazing and support, that is steadily being developed to dryland cropping.
CBRE’s Danny Thomas, who has been appointed to market the property with Duncan McCulloch, said the sale was an exciting opportunity for an astute buyer and existing industry participant looking to capitalise on the substantial development upside.
“Given the scale of the offering, and its scope for further development of dryland cropping, we expect Clyde to attract strong interest from both domestic and international buyers who recognise the opportunity to unlock the property’s greater potential,” Mr Thomas said.
“The property is underpinned by outstanding soil types, which support high cotton and grain yields, as well as ‘best working practice’ operations and infrastructure, and we expect this will further encourage interest in this opportunity.”
The property further benefits from its significant on-farm water storage capacity of 39,090 megalitres.
Clyde is for sale via Expression of Interest, closing April 12, 2018, at 4pm. It is available on a ‘Walk In, Walk Out’ basis inclusive of all land, structures, water allocations, planted crops and equipment.
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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.
