Clark and Tait Sale – Outstanding Result
Outstanding result achieved for all parties in the recent Clark and Tait sale. There was strong interest reported for all properties.
Well done to Ben and the team at Bentleys International Advisory.
DETAILS have emerged on the sale six of the seven Clark and Tait properties, including Mantuan Downs, which sold for a stunning $92.6 million on a walk in, walk out basis. Put to the market in August by Bentleys International Advisory, the sales include:
Mantuan Downs, which sold to the North Australian Pastoral Company for a remarkable $92.6 million, including close to 12,000 cattle. The price is estimated to be $79.6m bare.
That makes the sale price of the 133,744 hectare (330,489) Springsure aggregation about $595/hectare ($241/acres).
NAPCo chief executive officer Richard Brimblecombe said Mantuan would be used primarily as a backgrounding operation, and was a ready replacement for leased country NAPCo had previously held in Central Queensland.
Mr Brimblecombe said he was particularly pleased the five full-time staff at Mantuan including manager Dennis Allpass and his wife Natalie had joined the NAPCo team…..
Excerpt from the Queensland Country Life story published 17 Feb 2020, 4 p.m. written by SALLY GALL and MARK PHELPS
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