Clifton, a 16,000-hectare cattle grazing property in the Rockhampton region of Queensland is back on the market with expectations of between $11 million to $12 million.
The property, which also has a 4122-hectare forestry lease, was passed in for $11.5 million at a CBRE auction in Rockhampton in April.
It comes to market this time with greener pastures following 7 inches of rainfall.
"Recent significant rainfall events have transformed the property, providing an outstanding opportunity for new entrants into the beef industry through to existing industry participants," said CBRE's Geoff Warriner who is marketing Clifton alongside colleagues Chris Holgar and Thomas Warriner.
He added that recent transactions had been "buoyed by the presence of green grass" with a 4187-hectare Deepbank Station at Mundubbera sold within three weeks of the campaign launch.
Located 82 kilometres north-west of Rockhampton, Australia's beef capital, Clifton is being sold by Ross and Nat Olive from Olive Brahmans who have owned the property since 1994.
"Clifton represents size, scale, diversification and affordability in close proximity to Rockhampton," Mr Warriner said.
Clifton has a combined cattle carrying capacity of approximately 4000 adult equivalents. It comprises a mix of land and soil types conducive to a diverse range of uses, as well as extensive native and improved pastures including Buffel, Green Panic, Rhodes Grass, Secca and Verano Stylos.
This story was first published on The Australian Financial Review