Deltroit, Mundarlo listed by APG

Deltroit, Mundarlo listed by APG
Deltroit, Mundarlo listed by APG

Mundarlo's Deltroit Station, one of the standout pastoral holdings of the Eastern Riverina, has been listed for sale.

It is less than three years since it was bought by the Brisbane-based investment company, Australian Pastoral Group (APG).

The 2548 hectare (6296ac) grazing and cropping property, with 1902 homestead situated 33 kilometres south of Gundagai in the Hillas Creek valley, was bought by APG in 2012.

It became the administrative flagship of APG, a company established by Alan Hayes, who was previously the founding chief executive of Paraway Pastoral Company for Macquarie Bank.

APG’s two other stations, the 141,000ha Neumayer Valley in the Gulf of Carpentaria, and the 6000ha “Kinbeachie” at Goondiwindi in south-west Queensland are also for sale through Inglis Rural Property.

Offers are closing May 19, with Inglis’ sales manager, Sam Triggs, suggesting in the $18-$20 million range, given the property’s proven productivity and high standard of improvements.

Taken up as a selection in 1866 by William and John Richardson, Deltroit Station remained in Richardson descendants’ ownership for nearly a century.

Subsequent owners included US-based King Ranch principal Robert Kleberg, the Adelaide-based Barr-Smith family, and former Lumley Insurance chairman Anthony Crichton-Brown who was the 2012 vendor.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Homestead Rural Sale

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