OFF MARKET

8540 Buntine Highway
Buchanan NT 0852

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Property Details for 8540 Buntine Hwy, Buchanan

Building Type
Commercial
Local Government
Victoria - Daly
Lot/Plan
Loc 000 Lot 2092/CP 005009

Last Listing description (July 2024)

LAWD is pleased to present for sale Limbunya Station, a significant approved Carbon Project and institutional scale beef breeding, backgrounding and finishing operation, located in the Victoria River District of the Northern Territory.

KEY INVESTMENT HIGHLIGHTS INCLUDE:

- Approval to create carbon credits under the Victoria River Carbon Project utilising the Human Induced Regeneration (HIR) Methodology, forecast to generate 5,800,000* Australian Carbon Credit Units (ACCUs) over a 25-year crediting period, with a 100-year permanency period.

- Currently leased to an A-grade agricultural tenant pursuant to a long-term lease agreement.
- Comprising 521,883* hectares in total and currently utilised as a beef cattle breeding, backgrounding and finishing operation with an assessed carrying capacity of 40,000* Adult Equivalents (AE), reflecting 1 AE per 13.05 hectares.
- Secure water supply via 54 permanent groundwater bores equipped with solar powered submersible pumps (powered by solar arrays) and reticulated throughout to header tanks and turkeys' nests to a network of concrete troughs, supported by a further 14 catchment dams.
- Stirling Creek and its associated tributaries provide further permanent and seasonal waterholes.
- An extensive paddock and laneway system divided into 34 main paddocks and ten further holding paddocks, enabling the efficient transfer of cattle throughout, reducing helicopter mustering hours.
- Excellent structural improvements and operational infrastructure including machinery shedding, hay shedding, workshops, hangar, cattle yards (7) and substantial residential infrastructure including two main residences as well as staff and seasonal worker accommodation.
- Located in the Northern Territory's Victoria River District, in proximity to Kununurra (205* linear kilometres), Katherine (400* linear kilometres) and Darwin (540* linear kilometres).

*approximately

FOR SALE BY EXPRESSION OF INTEREST CLOSING AT 12PM (ACST) THURSDAY 11 APRIL 2024

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Property History for 8540 Buntine Hwy, Buchanan, NT 0852

A timeline of how this property has performed in the market
Last Sold
$65,250,000
26 Sep 2022
  • 17 May 2024
    Listed for Sale EOI
  • 26 Sep 2022
    Sold for $65,250,000
  • 22 Dec 2009
    Sold for $46,300,000

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About Buchanan 0852

The size of Buchanan is approximately 24,254.3 square kilometres. It has 3 parks. The population of Buchanan in 2011 was 106 people. By 2016 the population was 43 showing a population decline of 59.4% in the area during that time. The predominant age group in Buchanan is 20-29 years. Households in Buchanan are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Buchanan work in a labourer occupation..

Buchanan has 11 properties.

    There are currently no properties listed for sale, and no properties listed for rent in Buchanan on OnTheHouse. According to CoreLogic's data, no properties were sold in the past 12 months in Buchanan.

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