Property

Property: $11.5m buys quality ‘Namatjira Country’ Alice Springs aggregation

Jon Condon, 20/08/2015

TWO well-known grazing properties near Alice Springs have sold for a total of $11.5 million with stock, continuing a remarkable sequence of land transactions across the Northern Territory this year.

The Derwent and Glen Helen Station aggregation due west of Alice Springs totals 3080sq km (308,000ha), in spectacular ‘Namatjira Country’ butting up against the McDonnell Ranges. The pastoral lease holdings boundary the old Glen Helen homestead, and National Park now used a Central Australian tourist destination.

Derwent 4

The Derwent sale came with 8000 Droughtmaster x Shorthorn cattle and ‘Namatjira’ backdrops like these. Click image for larger view

Vendors were Ian and Chris Morton, whose family has owned and operated Derwent for generations, before adding the adjoining Glen Helen lease in the late 1980s, to add scale. Both properties have breeding and fattening potential.

Buyers were Tony and Pam Davis, who recently sold Moroak, east of Katherine, for a price said to be around $17 million, including 18,000 cattle (see earlier Beef Central report).

Beef Central understands the Davis family has also recently bought Delny and/or Delmore Downs, smaller properties (by local standards) to the northwest of Alice Springs.

It appears the Glen Helen lease, mostly good quality buffel fattening country, will be used to grow-out steers bred on the other Davis family holdings further north. Both properties will also be used for breeding.

The sale was on a walk-in, walk-out basis, including 8000 head mixed Droughtmaster x Shorthorn cattle plus plant & equipment.

Derwent/Glen Helen were put to market earlier this year, with expressions of interest closing late April.

The transaction follows several other recent property sales in the Alice Springs district. In addition to Delny/Delmore Downs (total 382 sq km) mentioned above, Beef Central understands another noted district holding, Aileron (4082sq km) has recently changed hands, after private negotiations.

Aileron, understood to have settled last month, has been owned by Gary Dann. Rumours suggested the buyer was a Chinese interest.

  • Click gallery below to view more Derwent/Glen Helen images.
  • Agents for the Derwent/Glen Helen sale were Landmark Harcourts, Katherine and Alice Springs.

 

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