LARGE scale Eromanga property Mount Margaret was set aside at $15 million at an Elders auction in Brisbane on Friday morning.
Mount Margaret, which includes Berellem, covers 470,504 hectares (1.16 million acres), is described as “naturally organic” country fenced into 43 main paddocks and 15 holding paddocks. It is estimated to run 7000 cows, selling the weaners, and has the ability to fatten cattle seasonally. It is also estimated to run 60,000 sheep including 20,000 ewes and 2000 cows.
Marketing agent Dick Allpass, Elders, said two parties had registered to bid and negotiations were currently underway.
The country is described as a strong balance of flooded water course, open and shaded plains, red rolling pebbly country and strong red mulga. The predominant grasses are Mitchell, 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.
Water is supplied from 31 bores, 58 dams and large water holes.
Improvements include a large station homestead, guest quarters, two staff homes, staff quarters and a recreational building, sheds, four shearing sheds, and a sealed airstrip and hangar. Mount Margaret has two sets of 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 to Mount Margaret and surrounds the Jackson oil township. It is described as about 40pc pebbly red rolling downs with prolific Mitchell grass, shaded with gidyea and coolibah. A further 30pc is soft red grazing country with the balance being red, stony hills, with good grazing.
The 634,745ha (1.57m acre) aggregation is estimated to run 18,000 dry cattle, 10,000 cows or 60,000 sheep and 6000 cows.
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-plus calving rates had been achieved.
Contact Dick Allpass, 0417 070 418, Elders.
