LEGUNE Station in Northern Territory, once owned by real estate legend Sir Leslie Joseph Hooker, has hit the market with expectations of about $60 million.
The current owners, who include the families behind Sunny Queen Farms, want to focus on their core business of poultry and pig farming.
The chairman of Legune's board, Brian McLean, said the 180,000-hectare property, which neighbours the Ord irrigation project in Western Australia's east Kimberley, had enormous development potential.
He said cattle, horticulture, aquaculture and permanent tree plantations could all be developed.
"We see it as property with a huge amount of potential, especially with its proximity to the Ord irrigation project," Mr McLean said.
"We have developed the property and it has been a long hard slog and now we want to come back and concentrate on our own poultry and pig business in Queensland," he said.
The station already has a 55,000 megalitre dam and has a carrying capacity of 32,000 head of cattle at present.
The current owners have also investigated the feasibility of a new dam with an estimated storage capacity of 250,000 megalitres.
Colliers International's Rawdon Briggs and Thomas Warriner are marketing the property.
Chinese groups such as Shanghai Zhongfu, which was chosen to develop the next stage of the Ord irrigation project, will be targeted in the selling campaign.