Institutional-scale Carpendale Portfolio, situated in the highly regarded Border Rivers region of southern Queensland, offers a remarkable dryland cropping opportunity complete with grain receival site and transportation enterprise, and options for significant growth in other markets.

The Portfolio comprises 13,740 hectares across five individual holdings, with 12,259 hectares, or 89%, of the land arable. A reliable annual rainfall of 600 millimetres supports production of winter (wheat, barley and canola) and summer (sorghum) crops, with the potential to produce chickpeas and corn. Average crop yields for the region are 2-4t/ha for cereals, 1.5-2.5t/ha for canola, and 3-5t/ha for sorghum.

A significant grain receival site on Carpendale supports grain production, with a total capacity of 175,000 tonnes across 14 grain bunkers and 6,230 tonnes of elevated grain silos, and offers grain testing and segregation for drying, grading and fumigation options.

The site is also an Australian Quarantine Inspection Service registered facility, authorised to inspect and export grains, with the capacity to pack 750 tonnes per day or 15,000 tonnes per month into containers for export.

A transportation enterprise, including nine prime mover/trailer combinations and extensive equipment, will also be offered for sale with the Portfolio.

LAWD Senior Director, Danny Thomas, said the Portfolio’s track record as a highly productive enterprise made it an attractive proposition to large-scale investors seeking a solid investment with significant growth potential in other markets.

“Carpendale is a standout performer as a large-scale dryland cropping opportunity, however there are opportunities to diversify and grow the enterprise with renewable energy projects, carbon, lot feeding and growing crops for aviation fuel,” Mr Thomas said.

“Nomby, one of the properties within the aggregation, has a development approval for a 20,000 standard cattle unit (SCU) feedlot, which is expected to add operational synergies to the Carpendale storage and handling business, and the vendor has also been approached by a global wind farm developer to conduct feasibility studies to connect to a major transmission line.

“The vendor is also engaging with a soil carbon project delivery firm to implement a carbon enhancing seed treatment, potentially allowing for additional revenue through ACCUs, and has 108 hectares planted with Nuseed Carinata, a canola-like, non-food feedstock crop, as part of an on-farm trial for Sustainable Aviation Fuel.”

Since FY21, significant capital has been invested to level and improve 1,611 hectares of melonhole cropping land, convert and level 1,272 hectares of grazing and convert 482 hectares of shadeline. The acquisition of neighbouring properties, coupled with the removal of internal fencing, has resulted in developing longer runs across the Portfolio to maximise cropping efficiencies. Further scale and operational efficiency is provided by four separate lease agreements that provide access to another 5,627 hectares adjacent to the Portfolio properties.

Spray water for the aggregation is primarily supplied through 10 equipped groundwater bores which reticulate water to numerous polythene tanks throughout, however Nomby benefits from access to a licensed bore for livestock that will also support the proposed feedlot operations.

The Portfolio features machinery/storage sheds, workshops, offices, an airstrip and hangar, staff accommodation and multiple residences, including a 476sqm, eight-bedroom, two-bathroom homestead on Manus and a 382sqm, four-bedroom, one-bathroom homestead on Mayfair.

The Carpendale Portfolio is being offered for sale by Expression of Interest (EOI) in partnership with Nutrien Harcourts, with EOIs closing at 12pm (AEST) Thursday, 5 September 2024.

For more information, contact LAWD Senior Directors, Danny Thomas, on +61 439 349 977 or Jaclyn Hope on +61 424 596 858, or Nutrien Harcourts Real Estate Specialist, Andrew Jakins, on +61 427 374 441.