Businessman swoops on Lighthouse agri holding

Lighthouse is a quality agricultural landholding that has a long run production history.

Situated between the regional centres of Roma and Taroom, approximately 420 kilometres west of Brisbane, Lighthouse is a quality agricultural landholding that has a long run production history.

AUSSIE businessman Tom Strachan has secured a 7,300 hectare footprint within arguably Australia's most well regarded grass-fed beef producing region.

Situated between the regional centres of Roma and Taroom, approximately 420 kilometres west of Brisbane, Lighthouse is a quality agricultural landholding that has a long run production history.

The  property, which was being offered for sale with neighbouring property Meeleebee Downs, has been progressively developed to a well formulated plan, offering high productivity, excellent stock water and high quality structural improvements.

CBRE Agribusiness Regional Director Danny Thomas, Manager Chris Holgar and Senior Consultant Geoff Warriner sold Lighthouse via a two-stage Expression of Interest Campaign on behalf of the Estate of the late Dr James (Jim) Baker. Meeleebee Downs is still on the market.

Mr Thomas said the offering represented an outstanding opportunity to establish a strategic footprint within Australia's red meat supply chain.

"Lighthouse has undergone significant development over the past four decades, resulting in the establishment of one of the most well regarded holdings in the district," Mr Thomas said.

"This property presented an appealing investment opportunity to invest capital in Australia's increasingly attractive agricultural market."

In addition to expanding the livestock operation, Mr Thomas said there was also scope to further develop the land for a variety of uses.

He commented: "The further development of current and potential cultivation land including large scale irrigation infrastructure is one future possibility that exists, as well as the potential establishment of a feedlot."

The landholding benefits from highly secure stock water infrastructure comprising numerous bores, dams and turkey nests reticulated to a network of concrete stock troughs, which ensure outstanding pasture utilisation.

Mr Thomas went on to say Lighthouse had 36 coal seam gas wells and was covered by a Conduct and Compensation Agreement, which provided significant annual cash flow for the term of the coal seam gas operations.

"The development of these facilities and the working relationship between Origin Energy/APLNG is a good example of how agricultural activities and coal seam gas operations can coexist in a way which is mutually rewarding," he explained.