SOLD

'Timber Downs'

Kings Plains, NSW (Inverell/Glen Innes)

Agent: Bob Jamieson

Mobile: 0428 669 313

Email: bob@bjassa.com.au


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'Timber Downs' is a 1422* acre (575.46* hectares) farm situated on the tightly held Kings Plains plateau with multiple potential income streams.

Although currently run as a cow/calf operation, the stated arable area allows for conversion to prime steer production or alternatively, the vendors have offered a farm leaseback. Additionally, the vendors have identified and initiated green, long term “passive investment” models through soil carbon, wind potential and timber biodiversity carbon projects.

The multiple income opportunities, through either production or leaseback and including long term green “passive investments” make ‘Timber Downs’ a unique opportunity.

LOCATION

‘Timber Downs’ is situated half way between Inverell (48km) and Glen Innes (48km) via the Jindalee Road on the heights of the tightly held Kings Plains plateau. The long term average rainfall is 864* mm or 34* inches (60 year records from nearby ‘Croye’ ). The farm is located in the Inverell Shire with a recent notice indicating rates of $4,626.15* per annum.

Inverell, the “Sapphire City”, is part of a thriving district of 16,000* people with outstanding schools and regular air services to Brisbane and Sydney and is home base for Bindaree Beef Abattoir and the IRLX Inverell Livestock Exchange. Additionally, ‘Timber Downs’ is in close proximity to Nullamana, Gunnee, Rangers Valley and Whyalla Beef feedlots. Glen Innes, the ‘Celtic capital of Australia’ is situated on the New England Highway and is less than 100* kilometres from historic Armidale and the University of New England.

WATER

Water is a feature of ‘Timber Downs’. The farm has a two kilometre double frontage to the Kings Plains creek, and 14 additional dams. Included is a newly constructed 15ML dam that will be serviced by a Lorentz solar submersible system which will pump to a 150,000* litre Pioneer galvanised tank (bladder) and reticulate to a further eight troughs through seven kilometres of “blue line” pipe.

SOILS & TIMBER

The soils of ‘Timber Downs’ are approximately an even mix of granite and basalt. The granite portion is primarily on the Eastern portion of the farm while the basalts are situated on the Western side of the Kings Plains creek. The vendors advise approximately 800 acres of existing pastures have been cultivated in the past. Oats, Phalaris and Lucerne all thrive in this country. The timber is primarily Ironbark and includes Box, Peppermint and Stringy Bark. The vendors have fenced and isolated approximately 300 acres of mature timber.

INFRASTRUCTURE

The majority of fencing on ‘Timber Downs’ is good to excellent. The farm is fenced to 14 paddocks and includes over six kilometres of new fencing (completed Aug, 21). 50%* of the internal fencing is new, the external boundary is stock-proof and the gateways are in excellent order with cattle rail steel assemblies. There are no houses or sheds, but the farm has two sets of cattle yards, one timber and one steel.

CARRYING CAPACITY

The vendors advise a long term 200* cow operation with calves taken off as weaners.

We consider 'Timber Downs' unique because it presents both active and passive investment opportunities. A purchaser may choose a traditional income referenced through carrying capacity, or they may wish to pursue a lower risk, long-term, passive investment strategy. The Vivers family have established pathways for passive strategies on 'Timber Downs' by offering a leaseback proposal and further initiating carbon farming, renewable energy (wind potential) and timber biodiversity pathways.

LEASEBACK

The Vivers family offer a purchaser a vendor leaseback. The family offer to lease ‘Timber Downs’ for a minimum of 3 years @ 4% of the purchase price.

AUSTRALIAN CARBON CREDITS

The vendors of ‘Timber Downs’ have commissioned Precision Pastures (Armidale) to conduct a preliminary assessment of the farms ability to sustainably and profitably deliver a soil carbon project registered by the Australian Clean Energy Regulator. The Carbon Starter Report (Feb, 2021) indicates that the farm may be able to generate 1,875 Australian Carbon Credits per year. This report, and subsequent information is available to potential purchasers.

RENEWABLE ENERGY

The Kings Plains district has demonstrated itself as an important region for renewable energy developments. There are many nearby wind and solar generators as well as significant future project opportunities. The Vivers family have approved for the ‘Timber Downs’ property to be investigated to understand the wind energy potential for the site. This potential may be discussed with a purchaser as Wind farms offer a long term significant annual income and coexist well with other rural activities.

TIMBER BIODIVERSITY

The vendors have fenced approximately 300 acres of mature timber as an exclusion zone for consideration for a biodiversity or vegetation fund project.


BJA is inviting offers for Timber Downs by Expressions of Interest (EOI) closing Friday April 8th, 2022 at 10am (AEST).


For more Information please contact:

Bob Jamieson

Director | BJA Stock and Station Agents

Mobile: 0428 669 313

Email: bob@bjassa.com.au




Disclaimer: The information in full and extract form has been furnished to us by the vendor of the property listed. We have not verified whether of not said information is accurate and do not have any belief one way or another in its accuracy. BJA do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own enquiries in order to determine whether or not this information is, infact, accurate.

*Approximately