The northern cattle industry is abuzz with speculation after the sale of “Esmeralda Station.” The large scale, northern breeder property that has been in the ownership of Mick & Trisha Sheahan since 2001 was sold to Gunn Agri trading as Cunningham Cattle Company. The property area covers approximately 406,000 hectares (985,939 acres).
“Esmeralda Station” was due to go to Auction in March 2015 with Queensland Rural’s Troy Trevor and Peter MacPherson, however, due to seasonal conditions, the sale was postponed and the property was offered for private sale. Interest for the property came from overseas investors with an appetite to participate in the Australian Beef Industry, due mostly to the inclusion of 30,000 high grade Brahman Cattle in the offering.
“Esmeralda Station” is located approximately 280 kilometres North of Richmond in the lower gulf with access to northern and southern markets. The property is renowned as a calf factory, with an ability to carry 20,000 breeders, and with the further development plans the purchasers have in place, this will be increased significantly.
The property features largely level frontage country along the main watercourses of the Yappar and Clara Rivers and Esmeralda Creek; plus, numerous tributaries with open plains running back to sandy forest type country. The style of the country and the opportunity to wean a large number of calves from the quality herd of Brahman Cattle on “Esmeralda Station”, as well the level of improvements and water infrastructure was the attraction for the purchasers. The price for the transaction is not being released. Queensland Rural had the property listed for private sale at $40M on a walk-in-walk-out basis.
For further information please contact: Queensland Rural / Ruralco Property Troy Trevor 0408 502 576 Peter MacPherson 0447 941 110