Reedybrook sold at auction

Greenvale's Reedybrook sold at auction


Property
UNDER THE HAMMER: Greenvale property Reedybrook has sold at an Elders auction for $5.67 million.

UNDER THE HAMMER: Greenvale property Reedybrook has sold at an Elders auction for $5.67 million.

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Greenvale property Reedybrook has sold at an Elders auction for $5.67 million.

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FATHER and son team Pat and Tom Sheahan, Valley of Lagoons, Ingham, have bought the adjoining Greenvale property Reedybrook for $5.67 million.

Offered by George and Joan Harriman, the 9387 hectare (23,196 acre) freehold property with 1380 cattle and station plant made the equivalent of about $604/ha ($244/acre).

Attractions of Burdekin River frontage property included a 144 megalitre water licence and a 511ha leased reserve.

Reedybrook is estimated to run 2000 mixed cattle.

Reedybrook is estimated to run 2000 mixed cattle.

Five of the eight parties that registered to bid were active at the auction, reflecting the ongoing strong demand for northern cattle country.

The marketing of Reedybrook was handled by Lorin Bishop from Elders in Charters Towers.

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