CHARTERS Towers breeding property Rocky Downs Station has sold immediately after auction for $3.2 million.
The 19,400 hectare (47,938 acre) property located about 100km south of Charters Towers on the Belyando Road was initially passed in at the Landmark Harcourts auction for $3.1m. However, the property went to contract at the higher figure almost immediately after the auction concluded.
Rocky Downs was bought by Stirling and Gail O'Sullivan, Jumba Station, Charters Towers, who own adjoining country.
The sale price is equal to about $165/ha ($67/acre).
Marketing agent David Woodhouse said the auction had four registered bidders and attracted a crowd of about 40 people.
“We received very good interest in the property during marketing campaign from a broad base of areas,” Mr Woodhouse said.
“The property presented well with its location and available grass being both strong features.”
Rocky Downs had been destocked and was offered with a good body of feed. It was estimated the property would carry 1250 to 1500 breeders or adult equivalents for the remainder of the year. Rocky Downs is estimated to have a long term carrying capacity of 2000 breeders or adult equivalents with the removal of weaners from the property.
Under the Birchmore’s ownership Rocky Downs benefited from fencing and water improvements. The country is described as flat to undulating with both timbered to open areas.