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 Posté le: Dim Oct 06, 2013 5:22 pm Sujet du message: Buy |
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Buy Rent Share Find an agent Sold Reports Auction Results You are here: Home Domain News Article What next for Chinese investors? Real Estate News Date September 24, 2013 (0) Read later Lucy Macken Prestige Property Reporter View more articles from Lucy Macken Follow Lucy on Twitter Email Lucy $40 million worth of prime land and a sheikh's horse stud go on the market. Tweet Pin It submit to reddit Email article Print Reprints & permissions Belmont Park stud at North Richmond which is set to go to auction on October 29. Photo: Supplied They've invested in multimillion-dollar Point Piper and Toorak mansions and even Australia's largest cotton farm, Cubbie Station, for about $240 million. Could $40 million worth of prime agricultural land in northern NSW also be snapped up by a Chinese buyer? Or, for those with a penchant for horse breeding, the ruler of Dubai is set to sell his stud at North Richmond on the outskirts of Sydney. Sheikh Mohammed bin Rashid al-Maktoum. Photo: Reuters No price guide has been put forward ahead of the October 29 auction of the Belmont Park stud, but recent comparable sales of $40,000 per acre would equate to $11.92 million for the 119-hectare property. Advertisement Sheikh Mohammed bin Rashid al-Maktoum's global racing company, Darley, bought the stud in 2008 for just over $93 million in a deal that included a handful of properties and thoroughbred horses from billionaire racehorse owner-breeder Bob Ingham. That stud is now redundant to its global racing empire following Darley Australia's purchase of another stud across the Hawkesbury River in Agnes Banks for $5.5 million in 2010. Myall Creek Station. Photo: Supplied Cutcliffe Real Estate's Neville Rava said Belmont Park includes five homes, an office complex, 150 stables,[url=http://www.michael-good.ca]Michael Kors Purses[/url], 130 paddocks and yards and equine swimming pools. Meanwhile, succession planning has prompted former TNT chairman Fred Millar to simultaneously sell the family's Myall Creek Station and Macintyre Station in Inverell. "These are very well known and highly efficient properties and all the cattle that come off these attract premium prices," said agent David Nolan, of Webster Nolan. Myall Creek Station is often better known as the scene of a massacre in 1838 when stockmen murdered 28 unarmed Aboriginal children, women and elderly men. It was settled in 1835 by Henry Dangar and the two-storey homestead was built in 1895. Mr Millar bought the property for $2.2 million in 1994. The almost 8000-hectare Macintyre Station is one of New England's largest cattle and cropping holdings, and the Millars are only its fifth owners since it was settled in 1839 by the Wynham family. Among the handful of homes on the property is the original homestead, which was built in 1862. The home's oak panelling was by Captain Francis de Groot (who rose to fame when he cut the ribbon to open the Harbour Bridge). Mr Millar, now retired, bought what was then 3795 hectares of Macintyre Station in 1974 to combine it with his adjoining property,[url=http://www.michael-good.ca]Michael Kors Outlet[/url], Kooron.
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