ON THE MARKET: Mount Margaret was set aside at $15 million at an Elders auction in Brisbane this morning.LARGE scale Eromanga property Mount Margaret was set aside at $15 million at an Elders auction in Brisbane on Fridaymorning.
Mount Margaret, which includes Berellem, covers 470,504hectares (1.16 million acres), is described as“naturally organic” countryfenced into43 main paddocks and 15 holding paddocks. It is estimated to run7000 cows, selling the weaners, andhas theability to fatten cattle seasonally. It is also estimated to run60,000 sheep including20,000 ewes and2000 cows.
Marketing agent Dick Allpass, Elders, said two parties had registered to bid and negotiations were currently underway.
The country is described as astrong balance of flooded water course, open and shaded plains, red rolling pebbly country and strong red mulga. The predominant grasses areMitchell,Flinders, buffel, bluebush, lignum with an abundance of herbages, legumes, burrs and salines in season.About 70 per cent of the area receives beneficial flooding.
Mount Margaret features a large station homestead.
Water is supplied from 31bores, 58 dams and large water holes.
Improvements include a large station homestead,guest quarters, two staff homes, staffquarters and a recreational building, sheds, fourshearing sheds,and a sealed airstrip and hangar. Mount Margaret has two setsof cattle yards and a large set of portable yards.
The buyer of Mount Margaret also has the option to lease/buy Kihee Station.
Kihee covers 164,255ha (405,874 acres) is located adjacent toMount Margaret and surrounds the Jackson oil township. It is described as about 40pc pebbly red rolling downswith prolific Mitchell grass, shaded with gidyea and coolibah. A further30pc is soft red grazing country with the balance being red, stony hills, with good grazing.
The634,745ha (1.57m acre) aggregation is estimated to run 18,000 dry cattle,10,000 cows or 60,000 sheep and 6000 cows.
About 70 per cent of Mount Margaret receives beneficial flooding.
Kihee is fenced into four main paddocks and holding paddocks. It is estimated to run 3000 cows, selling the weaners. It also has the option to fatten cattle seasonally.
Water is supplied from seven bores, nine dams and the Brolga ponds.
Marketing agent Dick Allpass, Elders, said the soft Euro and Euro-cross cattle produced were indicative of the quality of the country. Weight gains of better than 1kg/day were achieved seasonally and 80pc-pluscalving rates had been achieved.
Contact Dick Allpass, 0417 070 418, Elders.
The country is noted for its Euro and Euro-cross cattle.
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