This article is from the Australian Property Journal archive
GIMWADE and Gordon is offloading two southern Queensland agricultural properties, including 12,053-hectare mixed grazing property Oinmurra.
The partnership between former Rich Lister Michael Gordon and George Grimwade, son graziers Jane and Martin Grimwade, is also offering the 1,520-hectare irrigation asset Melrose, in the Paroo Shire region.
Both are being offered for sale by Colliers Agribusiness agents Rawdon Briggs, Phillip Kelly and Nicholas Warmington in conjunction with LAWD agents Danny Thomas, Elizabeth Doyle and Simon Cudmore on behalf of Grimwade and Gordon both properties offer a great opportunity in a tightly held region.
Strategically positioned northwest of Dirranbandi and southwest of St George, Oinmurra currently carries circa 20,000 goats and has proven scope to operate as a beef cattle, sheep or goat breeding enterprise, with historical information suggesting running up to 1,000 breeders plus weaners and calves.
An assessment indicates a carrying capacity of approximately 17,000 dry sheep equivalents (DSE), which translates to 1 DSE per 0.71 hectares, or 2,000 adult equivalents (AE), equivalent to 1 AE per 6.03 hectares.
Kelly said Oinmurra is notable for its abundant water resources, and features a highly productive artesian controlled flow bore feeding two stock dams and seven poly header tanks which connect to 31 watering troughs around the property.
Oinmurra offers established buffel grass pastures and is completely enclosed by exclusion fencing around the perimeter, featuring internal fencing that is utilised for sheep and goat proofing. Cattle fences on the property can be utilised for additional grazing paddocks.
Melrose is an aggregation of two separate properties combined to create a significant Warrego River irrigation asset producing in excess of 6,300 megalitres of highly reliable water sourced from the Cunnamulla Weir, plus a 300-megalitre underground licence.
Melrose was an aggregation of two separate properties with the first purchased in 2019 and then added to in 2022, and supported Grimwade and Gordon’s broader pastoral operations with a livestock depot and hay production asset.
Under previous ownership it focused on table grapes plus small crop production with fixed infrastructure remaining in place.
Briggs said the offerings were purchased by the vendors over the space of 5 years, at the time aligned with their northern aggregations but in recent times the business had increased focus on southern market access, logistics and additional landholdings.
“These properties now fall outside of the business operation requirements of the vendor presenting a great opportunity for a buyer to purchase property in this tightly held region,” Rawdon Briggs said.
Expressions of interest for both properties close on 12th December.
Earlier this year, Grimwade and Gordon acquired two western NSW land leases off-market for $26 million. They comprised the well-improved 41,067-hectare Ellavale Station and 29,200-hectare Congararra, both with carbon contracts in place.
Ellavale is suited to a Dorper sheep, goat or cattle operation and was bought backgrounding 20,000 goats, and can background 25,000 head, while Congararra has a Dorper sheep and goat enterprise running between 8,000 and 10,000 head.
Grimwade and Gordon then tipped two adjoining Riverina farms near Deniliquin to the market, with expectations of $16 million to $17 million as a whole for irrigated cropping and grazing property South Studleigh and dryland operation Letona.
