Lachlan Downs makes $917/acre

The $3.76 million sale price is equal to about $3241/ha ($917/acre). The buyer's name has not been disclosed.

Offered by Macquarie Downs, the adjoining country was sold to allow for further investment in Macquarie Downs's breeding and genetics program.

The property in two titles is located at Tummaville near Leyburn, about a 60 minute drive from Toowoomba.

Lachlan Downs is described as being balance of open to scattered timbered grazing country with soils ranging from heavier grey to lighter sandy loams.

Pastures comprise of improved grasses including Rhodes grass and digit as well as natural species.

The elevated south eastern corner of the property is mainly heavier timbered grazing country.

A significant amount of timber treatment has previously been undertaken and is part of the ongoing management of the property.

Water is supplied from 10 dams and an extended frontage to Spiers Creek, which has seasonal waterholes.

Lachlan Downs is fenced into nine paddocks and there is an older set of timber holding yards.

Structural improvements include a 6x9m lockable shed.

Marketing was handled by James Arthur and James Croft, Ray White Rural, Millmerran.

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