THE outstanding 3543ha (8755 acre) Taroom property Coo-ee Downs was passed in for $5 million at an auction in Toowoomba this morning.
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Bidding reached $4.75m from the floor before it was subsequently passed in on a vendor bid of $5m.
Marketing agent Bruce Douglas, Ray White Rural, told Queensland Country Life that there had been strong intrest in the property and negotiations were continuing.
Located 62km south of Taroom and 95km west of Wandoan, Coo-ee Downs has consistently run 800 Hereford and Hereford/Angus-cross cows plus progeny.
Owned by the Waugh family for the past 29 years, the property has been developed with extensive vegetation management.
The property has a certified PMAV from the Department of Environment and Resource Management.
Coo-ee Downs is located in prime cattle country and is described as having an excellent balance of country with brigalow and box country, plus loamy country along the river and creek flats.
About 80pc of the property has been blade-ploughed and is growing prolific stands of buffel grass.
There is also about 154ha of cultivation country that is utilised for growing oats crops in the winter months.
The property is exceptionally suited to backgrounding, breeding and fattening.
The property is very well watered with four bores, seven dams, six turkey nests, a 1km frontage to the Dawson
River and a 1km frontage to Scotts Creek. There are 24 watering points strategically placed in the 24 paddocks on the property. The average annual rainfall is 665mm.
Coo-ee Downs also has the advantage of a 40-megalitre storage permit for overland flow, as well as a 20ha irrigation licence from the Dawson River.
A set of 500-head capacity steel cattle yards is located on the southern end of the property, close to the main road.
There are also adjacent weaning yards and holding paddocks.
A second set of cattle yards is located in the centre of the property.
Other improvements include a main homestead, a second home, a machinery shed, a workshop, horse yards and two stables.
There are also laneway systems running throughout the property for ease of management.
? Contact Bruce Douglas, 0417 602 603, or Mark Schwerin, 0488 735 896, Ray White Rural.