Camm Agricultural Group is believed to have paid more than $40m for Myra, a well-developed breeding, backgrounding and finishing opportunity that neighbours its other Central Queensland holdings.

Offered by the Jones family, the 14,574ha Myra is located 84km west of Moranbah and 126km north of Clermont in the Isaac region.

Camm Agricultural Group owns the adjoining 22,500ha Nungaroo and Marracoonda aggregation which comprises three highly productive backgrounding and finishing properties. Myra will now expand the company’s CQ footprint to more than 37,000ha.

LAWD agent Grant Veivers was unable to disclose the sale price, however it was anticipated to make upwards of $40 million with the nearby 7915ha Pasha selling earlier this year to a local expanding their existing holdings for $30m ($3790/ha).

It is understood Myra’s ability to run 4500 adult equivalents attracted good interest from both corporates and local families.

During the marketing campaign Mr Veivers described Myra as a powerhouse property in a region renowned for its quality cattle.

“Over the past 20 years, significant capital has been invested in land class development including 3237ha of blade ploughing, and clearing and re-pulling the majority of unrestricted vegetation, which make up 91 percent of the property.”

The country comprises 11,897ha of developed gidgee and brigalow with melon holes, 1110ha of alluvial flats, 1060ha of poplar box and 507ha of ironbark and rosewood.

The productive mix of soils are growing dense buffel stands, with areas of improved pastures.

Myra has abundant natural water including dual frontage to the Myra, Nibbereena and Sullivan Creeks, numerous waterholes plus nine dams in a 587mm average annual rainfall region.

Infrastructure includes two four-bedroom homes, two sets of quarters, two cattle yards, an extensive laneway system and numerous sheds.

Kennedy Livestock & Property agent Jake Kennedy and LAWD agents Grant Veivers and Simon Cudmore handled the sale.