Golden Triangle grain machine makes $13.7 million at auction

Four of the seven registered parties were active at the auction, resulting in a sale price equal to about $9097/ha ($3682/acre).

Offered by Marcus and Charlotte Riddell, the property features quality, generally level to gently sloping brigalow, belah and wilga country with reddish loam soils that run onto predominantly self-mulching chocolate scrub country.

Belara is located on the eastern side of the Newell Highway, about 18km north east of North Star, 31km south of Goondiwindi and 100km north of Moree.

The soils and climate are proven to be well suited to growing both winter and summer cereal crops.

The property is considered 100 per cent developed for broadacre cultivation with cereal, oil seed and pulses planted in rotation.

About 85pc or 1280ha (3163 acres) of the property is currently cultivated, with A 370ha sorghum crop is included in the sale. The balance comprises of roads, open grazing country plus timber clumps and shade lines.

Water is a feature. There are two equipped bores that are strategically placed for spray water plus four dams.

There is 2925 tonnes of grain storage, including four new 275t Denny's silos. There are also six other silos, a 600t Tiger cage, and a 700t grain shed with electric roof auger plus four seed silos.

Other structural improvements include a 36x18m drive through machinery shed, a second machinery shed, and a workshop.

There is also a four bedroom, two bathroom homestead, a granny flat, and a four bedroom, two bathroom cottage.

Marketing was handled by Tim Gleeson, Ray White Rural, and Rob Tweedy, Goondiwindi Rural & Residential.