The final three Queensland rural properties, once earmarked for the former Glendowner Dam project around Beaudesert, sold at auction yesterday for almost $15.8 million.
The final three Queensland rural properties, once earmarked for the former Glendowner Dam project around Beaudesert, sold at auction yesterday (November 23) for almost $15.8 million.
About 200 people watched on as Ray White Rural sold all three properties to a Gold Coast family who bought all three lots for $15.8 million to create one big landholding.
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Ray White Rural Queensland agent Peter Douglas said he wrapped up the campaign of 14 properties that kicked off in June by selling the last three lots.
Mr Douglas said the total campaign was worth more than $30 million in sales for the Queensland Government — with a 100 per cent auction clearance rate.
“I am simply ecstatic with the result,” Mr Douglas said.
“There was keen interest from the 45 registered bidders.
“It’s so brilliant to get every property sold under the hammer.
“We sold like a train today.”
Property 12 – a 556 hectare holding sold with very solid interest for $11.5M in a fast and entertaining auction with 14 registered bidders.
He said property 12, a 556ha holding, sold with for $11.5 million, in a “fast and entertaining auction”, with 14 registered bidders.
Property 13 sold for $3.1 million.
“Property 13 then sold for $3.1 million and property 14 for $1.2 million,” he said.
“I knew we’d have plenty of interest as these were genuine sales of good country which is very rarely available so close to the Gold Coast.
“The State Government had shown itself to be genuine market seller and continued it to meet the market through stages two and three.
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“Throughout the campaign we had buyers come from interstate, but today all three sold to one Gold Coast based family who have bought them to turn into a farm.”
Property 14 for $1.2 million.
Ray White Rural Beaudesert principal Ed Dalton and sales agent Andrew Thomson, marketed the properties along side Ray White Rural Queensland agent Peter Douglas.