CBRE Agribusiness is delighted to have been appointed to present the three very large Australian properties owned by Packhorse Pastoral Company (the Portfolio) for sale, a highly productive mixed-use landholding opportunity located within Southern Queensland’s Maranoa and Western Downs regions and Northern NSW’s Inverell region.

The Maranoa, Western Downs and Inverell regions are collectively recognised as one of Australia’s premium livestock trading regions due to the area’s ability to feasibly draw cattle from established northern, western and southern cattle breeding regions, grow out those cattle on perennial and annual pastures and fodder crops grown on a range of productive soils supported by statistically proven reliable rainfall, and then deliver those cattle to a very wide range of both domestic and international markets accessed from this region. Rarely are portfolios of this calibre offered for sale within this iconic part of Australia. The Portfolio comprises approximately 26,944 hectares* (66,579 acres*) in three landholdings including “Stuart’s Creek” (8,344 hectares*) 45 kilometres* north-west of Roma in The Maranoa region of southern Queensland, “Moolan Downs” (10,029 hectares*) 200 kilometres* south-east of Roma in the Western Downs region of southern Queensland and “Ottley Station” (8,571 hectares*) 50 kilometres* west of Inverell in the Inverell LGA region in northern New South Wales.

A key feature is the broad range of land use and production opportunities the Portfolio can support, including annual row cropping of cotton, cereal grains, oil seeds and a wide variety of fodder crops, plus introduced perennial pastures for high performance and low risk cattle breeding and fattening as well as native grasslands managed carefully through rotational grazing strategies plus some areas that have been committed to nature conservation and natural revegetation. Currently, the Portfolio is sustainably carrying approximately 15,000 cattle, mostly weaners, equivalent to 13,600 AE’s.

Since its establishment and the subsequent acquisition of each of these properties, Packhorse Pastoral Company has been fully committed to optimising the use of carbon sequestration initiatives, particularly focusing on soil carbon management through the introduction of perennial grasses, legumes and rotational grazing strategies in the cleared and semi-cleared grazing areas. All existing mature native trees on the properties are protected. Each of the properties in the Portfolio has a current Carbon Base Line in place so that the benefits of effective management practices can be confidently measured. Carbon sequestration projects already registered with The clean energy regulator and are estimated to deliver approximately 35,000 ACCU’s per annum over the 25- year life span.



Key features of Stuart’s Creek include:

Total land area 8,344 hectares* (20,618 acres*)
Total arable area 370 hectares* (914 acres*) noting that a much larger area could be converted to arable land
Total area currently cropped 370 hectares* (914 acres*), approximately 4%
Total area protected from deforestation 223 hectares* (551 acres*)
Soils are predominantly brown and yellow Duplex soils
Topography is generally rolling plains with gentle slopes/undulations intersected by creeks and streams
Direct frontages to Sleepy Creek, Frosty Creek, Bungeworgorai Creek and Stuart’s Creek
Temperate Climate, characterised by mild Winters and warm-wet Summers
Average Annual Rainfall of 568millimetres* (Bureau of Meteorology – Roma)
Rainfall Reliability Index of 64% (Bureau of Meteorology – Roma)
Estimated average productivity 3,500 AE’s – ie 1,500 breeders plus 1,280 calves, plus 640 steers, 640 heifers and 50 bulls
Two cattle yards, each with cooling yards, undercover working areas and loading facilities
Water supplied by 5 equipped sub-artesian groundwater bores to pressurised water reticulation system plus 15 catchment dams
Machinery sheds, workshops, general storage sheds and aircraft hangar (1,132sqm)
Accommodation comprising one significant 5-bedroom homestead (440sqm) with external office and guest quarters. Second 5-bedroom home (235sqm) plus two workers’ cottages.

Key features of Moolan Downs include:

Total land area 10,029 hectares* (24,781 acres*)
Total arable area 6,794 hectares* (16,781 acres*), approximately 68%
Total area currently cropped 2,000 hectares* (4,942 acres*)
Total area protected from deforestation 605 hectares* (1,495 acres*)
Soils are predominantly Clay versitol soils
Topography is generally level with some areas of rich flood plains soils
Direct frontages to Moonie River and Parrie-Moolan Creek
Temperate Climate, characterised by mild Winters and warm-wet Summers
Average Annual Rainfall of 606 millimetres* (Bureau of Meteorology – Southwood)
Rainfall Reliability Index of 72% (Bureau of Meteorology – Southwood)
Estimated average productivity 5,600 AE’s – ie 2,360 breeders plus 2,010 calves, plus 1,010 steers, 1,010 heifers and 70 bulls
Two cattle yards, each with cooling yards, undercover working areas and loading facilities plus 400 SCU feedlot (disused)
Water supplied via direct access to the river and creek plus 21 catchment dams with one connected to pressurised water reticulation system
Machinery sheds, workshops and general storage sheds (3,367sqm) plus 1,240 tones grain storage
Accommodation comprising four dwellings of various conditions


Key features of Ottley include:

Total land area 8,571 hectares* (21,179 acres*)
Total arable area 4,485 hectares* (11,082 acres*), approximately 51%
Total area currently cropped 1,309 hectares* (3,235 acres*)
Soils are predominantly red and brown Chromosols and Ferrosols plus some deep alluvial soils adjacent to creeks
Topography includes small areas of alluvial river flats yet is predominantly rolling slopes with undulating rises
Temperate Climate, characterised by mild Winters and warm-wet Summers
Average Annual Rainfall of 683 millimetres* (Bureau of Meteorology – Warialda)
Rainfall Reliability Index of 65% (Bureau of Meteorology – Warialda)
Estimated average productivity 4,500 AE’s – ie 1,940 breeders plus 1,650 calves, plus 830 steers, 830 heifers and 60 bulls
Two cattle yards, each with cooling yards, undercover working areas and loading facilities
Water supplied by direct access to Ottley Creek and Jardine’s Creek plus approximately 40 dams and two bores linked to reticulated and troughed water system
6 machinery sheds, workshops, general storage sheds (1,565sqm)
Accommodation comprising one significant 5-bedroom homestead (653sqm) with office, laundry and verandah area. Second 3-bedroom cottage plus one separate workers’ cottages.

CBRE expects genuine interest in these properties, either as a whole portfolio or as individual properties, from a combination of local farmers looking to expand and/or set up their next generation for their careers in farming, high net worth individuals looking to invest in a highly profitable business with different characteristics to other investment sectors and the larger domestic and international corporations who both recognise the hard work that goes into building these large-scale aggregations and particularly those that are looking to invest into well-established carbon sequestration projects and opportunities.

INFORMATION MEMORANDUM AND DATAROOM AVAILABLE UPON REQUEST

*Approximately