Limbunya and Maryfield stations up for grabs

ONE of the country’s biggest landowners has put two of his most prized properties up for sale. SEE WHICH PROPERTIES HERE

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ONE of the country’s biggest landowners has put two of his most prized properties up for sale.

Expressions of interest are open for Limbunya and Maryfield stations, which span across 670,000ha of prime grazing land.

Included in the sale is more than 60,000 head of mainly Brahman cattle.

The properties are owned by Colin Ross of North Star Pastoral and it is understood price expectations are in excess of $150 million combined.

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Limbunya is 650km southwest of Katherine along the Buntine Highway and Maryfield is 200km south of Katherine on the Stuart Highway.

The properties are considered to be among the best in Australia following significant investment by North Star.

Infrastructure investments at both properties over the past decade include solar-power, low-maintenance bores, hundreds of kilometres of new fences and aerial seeding of pastures.

According to industry professionals this has resulted in a low-cost, highly productive and turnkey beef production operation capable of operating and growing for the next 100 years.

North Star’s improvement investments are understood to be one of the largest by a private landowner in the Northern Territory.

Limbunya Station is 650km south west of Katherine, and is currently owned by North Star Pastoral. Picture: SUPPLIED

The purchasing opportunity follows renewed attention on Australia’s beef industry and high-quality, environmentally sustainable cattle properties in stable jurisdictions such as Australia.

Expressions of interest are being managed through joint selling agents CBRE and Nutrien Harcourts.

CBRE Agribusiness regional director Danny Thomas said the assets would allow the buyer to take a leading role in Australia’s beef market and a significant player in the global protein supply chain.

“There are many high quality stations in the Territory, but none that I have observed have had this level of capital expenditure, executed with fastidious attention to detail, operating a meticulous and well thought out production system which seeks to maximise returns at all levels,” he said.

Maryfield Station is 200km south of Katherine, and is currently owned by North Star Pastoral. Picture: SUPPLIED

“Maryfield and Limbunya are testament to Colin Ross’ vision and drive to develop a best in class beef business that can operate year-round.”

Nutrien Harcourts Katherine agent Olivia Thompson said the opportunity was one of the most rare in recent history.

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“The offering of the Maryfield and Limbunya aggregation provides the astute investor with a rare opportunity to acquire a large scale, turnkey cattle breeding, backgrounding and finishing business which captures increased profitability by marketing into premium markets all year round,” she said.

Expressions of interest close at 4pm on January 14, 2021.

It is anticipated inspections will commence early February.

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