Not your average property
Balonne stunner set to attract $18m price tag
IT’S not every day a multi-million dollar property with Balonne River frontage hits the market.
The Camm Agricultural Group’s Morocco is up for sale on the back of the family’s recent decision to divest its northern cattle properties to Rural Funds Group.
Experts believe the combined irrigation and dryland property, north of St George, will attract a price tag of about $18 million.
CBRE Agribusiness Senior Managers Thomas Warriner and Simon Cudmore were appointed to undertake a campaign to seek out prospective buyers for the riverside gem.
The 5939 hectare farming property is located along the renowned Balonne River and accessed via the Carnarvon Hwy.
Morocco has historically grown cotton, corn, wheat, sorghum, chickpea, barley and mungbean and supplies offtake to both the family owned feedlot near Dalby and nearby end markets.
A key feature is the 5340 megalitre water allocation which, coupled with a reliable river system and ample on-farm water storages, completes a productive irrigation enterprise.
The Camm family acquired Morocco in 2006, understanding the significant potential to supply grains to a feedlotting operation and secured feedlot development plans for the property.
Morocco has planning approval for a state-of-the-art feedlot with a proposed 26,320 head capacity.
The property’s location is well-suited to irrigated and dryland cropping, with multiple end markets within proximity of the property.
There are eight cotton gins and multiple grain handling facilities within a 250 kilometre radius, all linked by major regional arterial roads.
“The market for quality irrigated and dryland cropping
❝Morocco
benefits from significant water licenses and ample scope for expansion...
— Thomas Warriner
properties is highly competitive in today’s climate, with very few offerings available – the opportunity to acquire Morocco presents an exciting opportunity for investors to acquire land along the Balonne River,” Mr
Warriner said.
“Morocco benefits from significant water licenses and ample scope for expansion, and we believe the sale process will be highly contested for these reasons.”
The property boasts more
than 900 hectares of irrigation fields, a 5430 megalitre water allocation and 19,000 megalitres of storage, coupled with overland flow water licenses allowing opportunistic water harvesting.
The operation is benefitted by 3000 hectares of dryland cultivation.
Morocco is being offered for sale via International Expression of Interest, inclusive of land and water entitlements.