This article is from the Australian Property Journal archive
MORE than $22 million is expected for the Carnarvon station, home to the heritage-listed One Ton Post survey marker that signifies the 29th parallel of latitude – or, the straight section of the Queensland and New South Wales border, from Cameron Corner to the Barwon River.
The 4,356-hectare property is being offered at the same time as another Borders Rivers region property, the 2,316-hectare Garrawilla & Belmore, which also has expectations of $22 million-plus.
CBRE’s Josh Ledingham and Simon Cudmore have been appointed to sell Garrawilla & Belmore via expressions of interest, and are separately marketing Carnarvon in conjunction with Moree Real Estate’s Cliff Brown and Paul Kelly, also via expressions of interest.
Carnarvon has around approximately 988 hectares developed to flood irrigation, 406 hectares of dryland cultivation and 2,962 hectares of grazing and support land. The property has fertile soil types underpinning high cotton and grain yields, as well as on-farm storage of 11,370mL and water entitlements of 2,600mL Barwon Zone nominal volume, and 3,666mL of Barwon-Darling water.
The One Ton Survey Post is Australia’s largest wooden survey peg, and was erected by John Cameron in 1881 following more than two years of surveying the 29th parallel from Cameron’s Corner to the Barwon River.
Garrawilla & Belmore has 1,398 hectares developed to flood irrigation, 362 hectares of dryland cultivation and 556 hectares of grazing and support land.
On-farm storage capacity totals 6,700mL in addition to water allocations of 7,293mL of Barwon Zone nominal volume.
Cudmore said the 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,” he said.
