Felton Valley property Prestbury sold at auction

McCreath’s Prestbury sold at auction


Property
RAY WHITE RURAL: Rob and Sally McCreagh’s stand-out property Prestbury in the famed Felton Valley sold under the hammer for $6 million.

RAY WHITE RURAL: Rob and Sally McCreagh’s stand-out property Prestbury in the famed Felton Valley sold under the hammer for $6 million.

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Rob and Sally McCreagh’s stand-out property Prestbury in the famed Felton Valley sold under the hammer for $6 million.

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ROB and Sally McCreagh’s stand-out Felton Valley property Prestbury has sold at a Ray White Rural auction for $6 million this morning. 

Located about 40km south west of Toowoomba, the 1042 hectares (2574 acres) property is in 17 freehold lots and is recognised as one of the best properties on the inner-Darling Downs.

The sale price is equal to about $5758/ha ($2331/acre). Bidding opened at $5m before hitting the sale price offered an undisclosed Western Downs family.

Marketing agent Matt Cleary, Ray White Rural Pittsworth, said there had been particularly strong interest in the property with more than 50 inquiries resulting in 17 inspections.  

Prestbury features 375ha of soft alluvial Hodgson Creek flats and sloping cultivation country. There is also 180ha of improved pastures with the balance being apple tree hollows, creek flats and shaded coolibah grazing country.

The property also has a five-bedroom, split-level spacious home in a private garden setting plus three additional homes. Other improvements include a craftsman built two story stable complex and day yards, which were build after WWII, a large machinery shed/workshop, and substantial machinery and hay shedding plus silos.

Prestbury was orginally part of James Tyson’s Felton Station. Prestbury was later used by the Counsell family for its Thoroughbred breeding operation. 

The McCreaths relocated from a dairy farm in the south west of Scotland 23 years ago. In that time they have the farming enterprise as a zero till, controlled traffic farming operation on a 3m and 9m systems. In addition to farming there has been a significant amount of pasture improvement work.

Prestbury is recognised as one of the best properties on the inner-Darling Downs.

Prestbury has six equipped bores and a 4km frontage to Hodgson Creek.

Fenced into 27 paddocks with excellent steel cattle yards, the property is described as being suited to grain production, cattle, horses, asa stud operation or for agri-tourism.

The McCreaths are relocating to the Deloraine region in the north of Tasmania.

The marketing of Prestbury was handled by James Croft and Matt Cleary from Ray White Rural Pittsworth. 

The story Felton Valley property Prestbury sold at auction first appeared on Queensland Country Life.

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