UK investor seeking to sell NT properties

Tanumbirini, Forrest Hill: UK investor seeking to sell NT properties

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ON THE MARKET: Thames Pastoral Company is selling its Northern Territory properties Tanumbirini Station and Forrest Hill.

ON THE MARKET: Thames Pastoral Company is selling its Northern Territory properties Tanumbirini Station and Forrest Hill.

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Tanumbirini Station and Forrest Hill Station are being put to the market by the UK-based Thames Pastoral Company.

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UK-based Thames Pastoral Company is selling its two major cattle properties in the Northern Territory. 

Tanumbirini Station and Forrest Hill Station are being offered on a walk in, walk out basis. The properties have a carrying capacity of about 42,000 adult equivalents.

Tanumbirini Station, covers some 500,000 hectares (1.24 million acres) east of Daly Waters, 800km south of Darwin. Tanumbirini was sold by from Sterling Buntine to Thames for about $33 million in 2012.

The properties have a carrying capacity of about 42,000 adult equivalents.

The properties have a carrying capacity of about 42,000 adult equivalents.

Forrest Hill Station, covers 53,800ha (132,943 acres) on the Stuart Highway, 220km south east of Katherine. Forest Hill was bought for $6.4m WIWO in 2013. 

It is understood significant capital works have been completed since the properties were bought by Thames. This includes an increased number of watering points and fencing as well as improvements to the cattle herd.

Marketing agent Ben Forrest, Colliers International, said the properties complemented one and other.

“Their locations, respective scale, reliable rainfall and consistently increasing cattle turn-off weights all contribute to the overall offering’s performance,” Mr Forrest said. 

Tanumbirini and Forrest Hill are being sold through an expressions of interest campaign conducted by Colliers International.

The story UK investor seeking to sell NT properties first appeared on Queensland Country Life.

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