Monday, April 29, 2024

Timaru breeding station sells for $5m

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Vendors of North Queensland’s Timaru have netted the $5 million asking price for the 16,596-hectare breeding operation.

A producer from Springsure, in the state’s Central Highlands, bought the property, with the sale including 740 crossbred cows, 350 calves, 30 bulls, up to 50 heifers, and some plant.

Timaru is in a tick-free area in the Desert Uplands and has flat to gently undulating country, sandy and heavier clay soils, and a variety of established pastures.

It has eight kilometres of Torrens Creek frontage country, areas of buffel and forest Mitchell, and is watered by a shared bore and 13 seasonal dams.

Charlie Phillott from Slaney & Co managed the sale for vendor David Bode, who had held Timaru for nearly half a century.

It was offered with access to another 2,000 hectares of useable stock route.

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