North Toolburra sells for $10m+
IN what local real estate sources believe is a record rural property sale for the region, the historic property North Toolburra between Warwick and Allora has been sold for in excess of $10 million.
Harcourts Toowoomba completed the sale to business and grazing identities Jim Wedge and Jackie Chard, who will relocate their Ascot Charolais beef cattle stud to the signature 1000-hectare aggregation.
Harcourts Toowoomba business owner Mark Abra said the selling price “although significant by any definition” was “realistic” due to the quality of the property.
“The productivity, geographical position, climate and of course lifestyle offered by the area were contributing factors to the worth of the property,” Mr Abra said.
“The property boasts secure water with irrigation, productive river flats for cultivation or pasture, 11 kilometre Condamine River frontage, bitumen road frontage and only 10 minutes to Warwick and 50 minutes to Toowoomba.
He said North Toolburra also had significant historical value, being the first property settled on the Darling Downs by the Leslie Brothers in 1840.
“New owners, Jim Wedge and Jackie Chard are excited about their new venture and are looking to moving in once they have sold their existing holdings at ‘Ascot', East Greenmount and ‘Goodwood', Felton,” he said.
“As ‘Goodwood' has been sold, only ‘Ascot' remains.”
New owner Jim Wedge said after selling his business, McCracken's Water Services Group, he had taken on a new challenge.
“My goal is to build one of the most elite Charolais studs in Queensland,” he said.
“The Ascot Charolais stud is still in the growth stage at present, with approximately 50 Charolais breeders based at ‘Ascot'.”