Legune Station hopes for $60m

27 Mar, 2014 02:34 AM
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Legune features floodplain country.
The current owners include the families behind Sunny Queen Farms
Legune features floodplain country.

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.

AFR

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NO ships with live animals should be leaving Australia. This industry is animal abuse and animal
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we are happy to have Aldi in katanning doing business with WAMCO we also wanted and in great
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This is a disgrace but what can you expect from a Liberal Government that insists on making