THE remote NT cattle operation Suplejack Downs Station has been sold - for the first time in its 55 year history.
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Originally settled in 1964 by the late Robert and Lilian Savage, Suplejack is a single pastoral lease over 381,700 hectares in the Tanami region.
Suplejack Station sold for $21 million.
Suplejack was offered via an unreserved auction. It was acquired by Robert Savage and his family, who outbid his sister, Lettie Cook and her family.
Suplejack was put on the market by the estate of Bob and Lillian Savage, the parents of Mr Savage and Ms Cook.
Geoff Warriner and Chris Holgar from JLL Agribusiness handled the marketing of the property, offered at an unreserved auction in Alice Springs last week.
The property is located 560km south west of Katherine and 610km north west of Alice Springs.
Bidding started at $14 million and progressed between the parties before the hammer fell. About 50 people attended the auction at the Alice Springs Convention Centre.
"Suplejack is part of Australian pastoral pioneering history and is an efficient enterprise supplying livestock to primarily northern export markets," Mr Warriner said.
"It has been thoughtfully developed to represent a productive holding underpinned by practical operational infrastructure, secure water resources and diverse land and soil types.
Suplejack has a fenced area of about 130,000ha. About 65 per cent of the holding towards the southern and western boundary remains undeveloped.
The property was offered on a walk-in, walk-out basis with more than 19,002 cattle and the 12 month natural increase in calves, as well as plant and equipment.
Suplejack has three sets of yards as well as Suplejack Homestead, one of multiple residences, are located on the developed portion of the landholding. Ancillary shedding includes a hangar adjacent to a 1200m airstrip.
Water infrastructure includes 17 bores and six operational dams complementing the Wilson, Goat and Birthday creeks, which traverse the landholding and provide semi-permanent sources of water.
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