Toobeah QLD 4498

LAWD is pleased to present for sale Boongargil, a large-scale irrigated and dryland cropping opportunity, underpinned by significant water entitlements, located on the northern side of the Macintyre River, approximately 60* linear kilometres west of Goondiwindi.

KEY INVESTMENT HIGHLIGHTS
• Comprising a total land area of 4,256* hectares, of which 1,586* hectares (37%*) is extensively developed to irrigation, including centre pivot irrigation (258* hectares) and flood irrigation (1,328* hectares), as well as dryland cropping (1,814* hectares) with the balance comprising grazing and support land.
• Currently utilised for the production of cotton, wheat and sorghum in rotation.
• Leased until June 2026 with 2 x 5-year renewal options.
• Substantial water allocations include 650* megalitres nominal volume of Border Rivers Zone B supplemented water and 1,060* megalitres nominal volume of Macintyre Zone Unsupplemented water, underpinned by additional overland flow water harvesting capabilities following high rainfall/river flow events. Collectively supported by significant on-farm water storage, comprising three main storages (9,032* megalitres combined) and various connected supply channel systems (723* megalitres).
• Benefitted by productive soil types, the majority of which are self-mulching black/grey cracking clays with areas of red soil types, an excellent climate and reliable rainfall (average annual rainfall of 505* millimetres), supported by a combination of natural and engineered drainage.
• Predominantly open and level topography with a gradual slope from east to west, offering economies of scale and operating efficiencies.
• Structural improvements and operational infrastructure includes machinery shedding, workshop, grain shed (800* tonne), silo storage (600* tonnes combined), a shearing shed and sundry rural shedding, as well as substantial residential infrastructure (three main residences and staff accommodation).
• Close to cotton gins at Goondiwindi and Mungindi (Namoi Cotton), Moree (North West), St George (Queensland Cotton) and Dirranbandi (Cubbie) as well as grain receival sites at Bungunya, North Talwood, Toobeah, Goondiwindi and Moree (GrainCorp).
• Strategically located on the northern side of the Macintyre River, in the well-regarded Border Rivers region, close to Toobeah (23* linear kilometres), Goondiwindi (60* linear kilometres), Toowoomba (248* linear kilometres) and Brisbane (351* linear kilometres).

FOR SALE BY EXPRESSION OF INTEREST CLOSING AT 12PM (AEST) THURSDAY 29 AUGUST 2024

*Approximately