North Queensland grazing and farming property Inkerman Station has been sold for over $30 million, with the cattle price boom propelling its value to almost triple what it was less than five years ago.

The 16,666-hectare lower Burdekin station comprises 15 freehold titles and sold in 2016 to Russell and Janelle Dobe of Bowen for $11.125 million.

They have netted a handsome profit with the sale – the price could reportedly be as much as $32 million – to Tim and Megan Atkinson from Lucky Downs, Greenvale.

The sale included 3,000 females, 100 Brangus bulls, the entire 2021 calf drop, plant and equipment, and about 800 tonnes of irrigated and fertilised forage and lablab silage. The land comprises circa 11,730 hectares of grazing country and 4,935 hectares of quality black soil.

The vendors had aerial seeded some 12,000 kilograms of seca, omega and verano stylo as part of a major pasture improvement program, with investment made in prickly acacia woody weed control.

The Burdekin Region is known for its high annual rainfall levels and long growing season.

As well as larger cattle herd offered with the land, strong seasonal conditions and record beef prices that are expected to rise further have made the agricultural investment market notably competitive.

David Buckley from Nutrien Harcourts Queensland Rural was the selling agent.

About 1, 200 hectares of farming country has been sown down to Rhodes grass pastures.

Improvements include fencing, and a large, new set of ProWay cattle yards connected to a new laneway system. All internal roads have been upgraded, with stock grids installed on all the major water run routes.

Its watering system has seen new tanks and troughs introduced, and all existing bores have been upgraded with submersible solar pumps.

Inkerman also includes a 50-hectare cane farm supported by a 393 megalitre water licence.