This article is from the Australian Property Journal archive
A LOCAL cattle grazing family has acquired the specialised cattle enterprise Acacia, situated in Queensland’s tightly held Theodore region, for more than $6.8 million after it was passed in at auction.
Encompassing 1,076.4 hectares, the highly developed property was marketed as a viable standalone operation or a logical addition to an established supply chain providing a tangible hedge against seasonal risks, by TopX and JLL.
They acted on behalf of Rob and Kate McGavin. The property was initially offered via expressions of interest earlier this year before a second campaign was launched for the auction.
The intensive cattle enterprise combines beef production and irrigated farming, and 204 hectares for flood irrigation, 216 and 161 hectares for irrigated and dryland Leucaena respectively, and 427 hectares for grazing, and benefits from significant water licences, by district standard. Some water was sold to a third party.
The irrigated farming areas have the ability to grow a range of summer and winter crops including forage, cereals and cotton.
Situated on the banks of the Dawson River, approximately 15 lineal kilometres south of Theodore, 180 lineal kilometres south west of Rockhampton and 260 kilometres north of Dalby, Acacia is accessed via the sealed Eidsvold-Theodore Rd that forms the northern boundary of the property.
