Saturday, March 30, 2024

Owners selling Cape York pastoral station after 20 years

Recent stories

Bramwell Station
Photo: Australian Property Journal

Australia’s northernmost pastoral property, Bramwell Station, has been put up for sale amid heightened demand for domestic travel and some of the best seasonal and market conditions seen in living memory.

Located 240 kilometres south of the tip of Cape York, Bramwell Station spans 131,900 hectares and is the last stop before the tip of Cape York and at the start of the famous Old Telegraph Line four-wheel-drive track.

It is being offered by Wendy Kozicka and Vince Bowyer, who have owned Bramwell for 20 years. The couple has bought the 90,000 hectare Strathleven Station, some 350 kilometres north west of Mareeba.

Bramwell can carry up to 7,500 adult equivalents and is offered with long-term rolling pastoral leases and features a popular tourist park and roadhouse that is about 12 kilometres north of its homestead, and the last fuel stop before the Jardine River Crossing.

The tourist park has 28 accommodation rooms, kitchen-style bar and restaurant, open camping and a caravan park area with amenities.

The beef market can expect further record prices, according to Rabobank, while almost 90% of farmers across the country expecting the strong business conditions to either continue or improve over the year ahead.

The conditions have prompted major multiple offerings recently. New York-based investment firm The Rohatyn Group is hoping for more than $55 million from the sale of the Kaiuroo Aggregation in Central Queensland, while mining magnate Gina Rinehart is shopping around a $300 portfolio of cattle stations and livestock spanning 1.876 million hectares in Western Australia and the Northern Territory, and prominent retail real estate player Brett Blundy has offered a pair of NT stations with expectations of around $230 million.

The 438,000-hectare Miranda Downs in Queensland’s Gulf of Carpentaria has just set a new price record of more than $180 million for a single pastoral holding, tens of millions of dollars above initial expectations.

More than $150,000 a year in additional income can be generated from Bramwell’s carbon credit scheme.

It is being offered via online auction on 11th August. Geoff Warriner of JLL Agribusiness and Andrew Adcock of Adcock Partners are handling the campaign.

Related stories: Bramwell sold at auction but state could withdraw; Could the state buy Bramwell station?

KEEP IN TOUCH

Sign up for updates from Australian Rural & Regional News

Manage your subscription

We don’t spam! Read our privacy policy for more info.