MAJOR Northern Territory property Legune Station is on the market.
Seafarms Group is offering for sale the novation of the option to purchase the 285,270 hectare (704,918 acre) station. The offering includes all land and a cattle herd totalling 27,000 Brahman cattle.
Legune Station is described as having a combined carrying capacity of 31,000 adult equivalents.
Approvals are also in place for a major prawn operation involving 10,000ha of production ponds.
Industry sources suggest the holding could be in the $60 million range. Expressions of interest close on December 18.
Marketing agent Geoff Warriner said Legune represented an unparalleled agricultural investment opportunity.
“Seafarms Group has received key regulatory approvals to commence development of Project Sea Dragon on Legune Station - Australia’s largest aquaculture project,” Mr Warriner said.
Following implementation of Project Sea Dragon significant annual lease payments are proposed to commence over the project area providing diversified income to the successful purchaser of Legune Station.
“Legune has unique land and soil types comprising more than 50,000ha of coastal flood plain which has been progressively developed with levee banks and established to improved pasture.
“There are also high quality structural and ancillary improvements including an established homestead complex providing a high degree of amenity.”
The property property also has significant agricultural development opportunities underpinned by a 35,000 megalitre dam and proximity to Ord River Irrigation Area
Legune is located 130km north east of Kununurra with all-weather access to be established in accordance with development of Project Sea Dragon.
Contact Geoff Warriner, 0408 687 880, or Chris Holgar, 0411 177 167, CBRE.