This article is from the Australian Property Journal archive
CATTLE producer, the Australian Agricultural Company Limited, will sell two noncore properties, Brighton Downs and Adelong in Queensland.
Managing director David Farley said the sale was part of the company’s strategy to refocus its assets and capital in northern Australia. The Brighton Downs sale will be conducted by Dick Allpass of Elders Real Estate with an auction on May 22.
Brighton Downs is a 420,000ha (1.04 million acres) station situated on the channels of the Diamantina River near Winton and is principally used for grass feeding cattle. The station currently accounts for approximately 5.5% of AACo’s total land holdings. AACo is in negotiations for a selling agent for Adelong.
Farley said Brighton Downs was put on the market in 2010 but despite strong interest the offers did not reach AACo’s requirements.
Adelong is a 5,200 ha (12,800 acres) dryland farming and grazing property within the 28,000 ha Goonoo aggregation at Comet, Queensland.
“Brighton Downs is a very productive station and has been owned by AACo for more than 60 years. It is an ideal location for fattening grassfed cattle and has good water supply from the Diamantina River.
“With our strategy of growing our south east Asian supply chain through our proposed Darwin abattoir, now is the right time to be refocusing on northern Australia. We are continually assessing which of our assets are appropriate for a business whose operations are increasingly focused in the north,”
“We anticipate there will be considerable interest in one of Queensland’s best cattle stations,” he concluded.
Property Review
