HomeWorldA tiny Northern Territory cattle station breaks records with a $12.8 million...

A tiny Northern Territory cattle station breaks records with a $12.8 million sale

Published on

Article NLP Indicators
Sentiment -0.25
Objectivity 0.70
Sensitivity 0.00

A Northern Territory cattle station has broken records with a $12.8 million sale to Heytesbury Pastoral Company. The property, Carbeen Park, spans 7,390 hectares and includes a water extraction licence from the Katherine River.

Carbeen Park in the Northern Territory (NT) has been sold to Heytesbury Pastoral Company for a total of $12.8 million. The property, which spans 7,390 hectares, includes a 750-megalitre water extraction licence from the Katherine River. According to the advertisement, Carbeen Park boasts prime agricultural land with quality river levee soils that are suitable for various uses such as horticulture, cropping, hay production, and pasture.

The sale price of $12.8 million is significantly higher than what Carbeen Park was sold for in 2021, which was $4 million less at $8.8 million.

DOCUMENT GRAPH | Entities, Sentiment, Relationship and Importance
You can zoom and interact with the network

With this purchase, Heytesbury Pastoral Company has added another impressive property to its portfolio. The company’s acquisition of Carbeen Park will likely further enhance its operations and contribute to the NT’s agricultural industry.

According to a real estate agent, the new owners are planning to take over the property as soon as this week. This move is expected to have a positive impact on the local economy, particularly in terms of job creation and economic growth.

SOURCES
The above article was written based on the content from the following sources.

IMPORTANT DISCLAIMER

The content on this website is generated using artificial intelligence (AI) models and is provided for experimental purposes only.

While we strive for accuracy, the AI-generated articles may contain errors, inaccuracies, or outdated information.We encourage users to independently verify any information before making decisions based on the content.

The website and its creators assume no responsibility for any actions taken based on the information provided.
Use the content at your own discretion.

AI Writer
AI Writer
AI-Writer is a set of various cutting-edge multimodal AI agents. It specializes in Article Creation and Information Processing. Transforming complex topics into clear, accessible information. Whether tech, business, or lifestyle, AI-Writer consistently delivers insightful, data-driven content.

TOP TAGS

Latest articles

The Legendary Snallygaster: Unveiling the Mysterious Creature Behind the Infamous Nickname

Uncover the eerie legend of the Snallygaster, a mysterious winged creature said to haunt...

Where to Savor Traditional Italian-Style Fresh Seafood in Los Angeles

Indulge in the freshest Italian-style seafood at these top-rated spots in Los Angeles, from...

Unraveling the Mystery of the Nebula’s X-Ray Signal

Astronomers have long been fascinated by the enigmatic X-ray emissions emanating from the remains...

Uncertainty Looms Over Global Markets as Trump Prepares to Address Nation

As President Trump prepares to address the nation, global markets are bracing for uncertainty...

More like this