Strategically located rural property portfolio up for sale
March 14, 2012
A portfolio consisting of 44 rural properties in north Queensland is being offered for sale in a national campaign marketed by Rawdon Briggs of Colliers International Brisbane and Stacey Quaid of Colliers International Cairns.
The massive portfolio, which is arguably one of the most strategically located rural property portfolios in north Queensland, consists of 44 separate prime farming properties with a total land area of 3965 hectares.
It is understood buyer interest has prompted the early return of these properties to the market after global asset manager GMO Renewable Resources purchased the portfolio only last year.
Mr Briggs said the properties in the portfolio were located across North Queensland’s richest farming areas – the high rainfall areas of Innisfail, Tully/Cardwell and Ingham.
“While teak trees have been planted on some of this land, most of it consists of former sugarcane farming areas and given that all boast rich volcanic soils, so it would be ideal to return the land to that purpose,” he said.
“Especially considering the current strength of the sugarcane industry in Queensland, we do envisage that much of this land will again be used for sugarcane production.
“Now not only do we have prime farming land that has been rested from sugarcane growing for several years, but we also have additional soil carbon and additional nutrients. The farming potential for new owners is outstanding.”
Mr Briggs said buyers had been invited to submit tenders for one, several or all of the properties before the closing date of March 26. Offers are able to be submitted on three separate regional tenders.
He said the level of enquiry for the rural portfolio had already been enormous.
“Individual properties in the portfolio range in size from around 14 hectares to a huge 339 hectares,” he said. “Some offer sought-after creek or river frontages, while some have houses and others offer sheds, bores and other infrastructure.
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