Sturt Downs Station
Northern Territory Sturt Downs Sell in excess $6.8 million
Sturt Downs Sold
In excess $6.8 million
Elders agent Alison Ross said Sturt Downs' crown lease tenure was a rarity in the Northern Territory, which had made it attractive to purchasers.
"Crown lease allows for other uses of hay, pasture development or other forms of agriculture, so it does make it a lot easier to do different uses," Ms Ross said.
"Obviously non-pastoral uses have come in over the past few years, making pastoral leases more flexible … however the length of time to get your non-pastoral use agreements can take a [while].
"The owners have run up to around 5,000 head of cattle there over the past few years, so there is certainly scope for further development for anyone coming in wanting to expand their herd or further development."
An investor who knows 'a hell of a lot about farming'
Cattle industry David Warriner, who is a director of Cross Pacific Investments, said the Buratovich family was looking across the world for opportunities to "buy land, develop it and farm it".
He said there was still a lot of work to be done, but the company felt there were opportunities to grow crops on all three of its NT stations.
"I think we have an investor here who knows a hell of a lot about farming in difficult environments," Mr Warriner said.
"The NT [is] maybe about to learn a lot. They are patient, will learn the local nuances, and have the capacity to do stuff.
"The NT must positively support good quality large scale developments for our own economic well being."
Cross Pacific Investments has now spent more than $43 million on Top End land in the last few months, totalling just over 540,000 hectares, according to documents from the NT Land Titles Office.
HIGHWAY FRONTAGE - Range of Uses - 67, 840ha - 70km from Katherine
"With all the conveniences of town, the homestead area has 3 phase mains power, landlines, Telstra mobile phone & internet service. All just 40 minutes from Katherine"
• Unique combination of size, access and convenience
• Area 678.4km2 - 67,840 hectares - 167, 636 acres
• Year round road train access
• Approximately 11 kms of Stuart Highway frontage
• Comfortable homestead complex & staff accommodation
• 35ha cleared, suitable land systems to expand
• Developed for cattle grazing
• 7 bores & wide range of good seasonal surface water
• May suit: Depot, Agistment, Trading block, Export Yards, Alternate Development site
• Variety of land systems, good water and connected to the world
• Endless opportunities
• Reliable annual rainfall - average 1000 mm
• Main phone / fax lines. 10-pair phone lines available
STURT DOWNS provides a unique opportunity to secure a larger portion of land, on the main Stuart Hwy, and within close range of Katherine and cattle markets.
