PATRICK and Edwina Hick from Julia creek-based Argyle Pastoral Co bought Glendower in Northwest Queensland for $39.6 million under the hammer at an auction on Friday.
The highly regarded breeding and finishing property was offered to the market for the first time in 36 years by vendors Clive and Larine Poole, as they head towards retirement.
Spanning 32,250ha, Glendower is 22km north-west of Prairie and 40km north-east of Hughenden.
Estimated to carry 4000 adult equivalents, Glendower was offered with around 3675 head of branded composite and Angus cross cattle. The lazy P8Y brand was also included in the sale.
More than 80 people attended the auction in Townsville with eight registered bidders from Qld and the Northern Territory “making for spirited bidding” according to the auctioneers.
Stockplace Marketing agent Ashley Naclerio said inquiries came from across Qld, NT and New South Wales and numerous inspections were held.
“It is great to see a fabulous result for our vendors Clive and Larine Poole,” Mr Naclerio said.
“It was a well-supported auction which highlights the strength in the rural property market and the calibre of this property.”
With seven main land types, Glendower is underpinned by a broad range of native and improved grasses and herbages including buffel, Mitchell grass, blue grass and forest Mitchell.
Diverse timber species include ironbark, bloodwood, whitewood, ghost gum and river gum.
In the wet season, Glendower is benefited by multiple creeks including 34km of double frontage to the Flinders River. During the dry, it is watered by five solar equipped artesian and sub-artesian bores and eight dams.
Glendower has a renovated homestead, staff quarters, a cottage, four cattle yards and numerous sheds.
Glendower is also the host property for the fully approved Prairie Wind Farm project.
“We are thrilled with the outcome of the sale,” said Larine Poole.
“Glendower is a unique property and is a wonderful home. We wish all the success to the new owners.”
Ashley Naclerio, Stockplace Marketing, vendors Clive & Larine Poole, buyers Edwina & Patrick Hick and Luke Westaway, Stockplace Marketing.