Cat­tle run sells for $ 10.25m

Townsville Bulletin - - NEWS -

AN 8615ha land­hold­ing in the heart of one of Aus­tralia’s pre­mium cat­tle re­gions has sold un­der the ham­mer in Rock­hamp­ton for $ 10.25 mil­lion.

CBRE Agribusi­ness con­cluded the sale of the prop­erty, Seloh Nolem, on be­half of Pe­abody Energy Aus­tralia and Bowen Basin Pty Ltd.

The buyer is a Queens­land- based in­vestor with in­ter­ests in the cat­tle in­dus­try.

Seloh Nolem com­prises na­tive and im­proved pas­ture, in­clud­ing Buf­fel, Green Panic and Rhodes Grasses, sup­port­ing a car­ry­ing ca­pac­ity of about 2800 cat­tle.

The prop­erty ben­e­fits from high qual­ity struc­tural and an­cil­lary im­prove­ments, as well as se­cure wa­ter re­sources com­pris­ing nu­mer­ous bores, dams and frontage to the Isaac River.

CBRE selling agent Ge­off War­riner said the prop­erty’s cen­tral po­si­tion in renowned beef re­gion was a key fac­tor un­der­pin­ning the sale.

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