Cloncurry cattle station sells for $35 million at auction

THE 97,500ha Nardoo (above) cattle station north west of Cloncurry has sold under the hammer for $35 million through Ray White Queensland.

Ray White Longreach and Rural Barcaldine Principal Bill Seeney and Ray White Rural Queensland Principal Bruce Douglas facilitated the sale while the online auction was conducted by Ray White Queensland Chief Auctioneer Mitch Peereboom. The sale represents the highest under the hammer price across Ray White this year.

The bidding opened at $20m with the property selling to a local Cloncurry grazier family as 11 registered bidders tuned in.

Mr Douglas said it was a strong campaign with a lot of interest all the way through.

“Interest came almost exclusively from larger grazier families around Queensland,” Mr Douglas said.

“It’s good cattle country and very tightly held, properties don’t come up very often in the area so buyers jumped on it.”

The rural property was sold by Peter and Ann Wollett with cattle and plant included.

Nardoo's estimated carrying capacity is 8000 breeders with progeny to weaning. Located 280km north west of Cloncurry and 95km west of the Burke and Wills Roadhouse, the property has excellent access via the bitumen Wills Development Road.

Backing it up with another outstanding sale was fellow Ray White Rural Queensland Principal Jez McNamara who sold a macadamia farm at 309 Sahara Rd, Glass House Mountains (above) for $2,140,000.

The auction attracted 14 registered bidders including several watching online from interstate. The Glass House Mountains property eventually went to a Brisbane family looking for a tree change in the hinterlands.

The sellers Bruce and Pamela Lilly are now planning to retire to the beach.

Mr McNamara said he received interest from a diverse range of buyers.

“It was a good, solid campaign with an excess of 100 enquiries,” Mr McNamara said.

“We had interest from local farmers, neighbours, Brisbane families, graziers and even some families from Victoria and Sydney including one bidder from Melbourne who had never seen the property but was eager to relocate.”

The apartment at 359/420 Queen St, Brisbane City, selling through Ray White Brisbane City, also went under the hammer in the same session conducted by Mr Peereboom. The total sales amount for the three properties was $37,550,000.