Prime land attracting big interest
A CENTRAL Queensland cattle fattening property on the market for $35 million has already attracted interest from buyers in Asia, Europe and the United States.
The Bauhinia Valley aggregation of the Comely and Mapala properties has been offered by Rockhampton-based cattle, racehorse and hotel industry player Bill Reid.
Mr Reid said he was hoping to downsize and sell the aggregation of 23,159ha of fattening country for “health reasons”.
He said he has already sold one of his hotels.
The property has attracted interest from overseas investment and equity funds.
Options have also been offered to buy 7000 head of cattle in addition to the property, which can run up to 12,000 head depending on seasonal conditions.
In one of Central Queensland’s most attractive rural areas, the property also has the advantage of four flowing bores, three equipped bores, and more than 37 dams.
Mr Reid said he was surprised by the overseas interest, due partly to the high Australian dollar, but said the property had a top location to take advantage of economies of scale due to the close location to several CQ saleyards, it’s own air strip and some 40,000 acres of softwood scrub country with improved pastures.