Welltree

Welltree Station
Location in Northern Territory

Coordinates: 13°12′22″S 130°32′02″E / 13.206°S 130.534°E / -13.206; 130.534 (Welltree)

Welltree Station is a pastoral lease that operates as a cattle station in Northern Territory.

Location

The property is situated approximately 57 kilometres (35 mi) west of Batchelor and 90 kilometres (56 mi) south west of Darwin. It is located adjacent to Litchfield National Park.[1] Part of the Anson Bay, Daly and Reynolds River Floodplains, an Important Bird and Biodiversity Area is found within the station boundaries.[2]

History

In 1961 Welltree was bought by Bob Townshend for A$9 million. He put the property on the market in 2001 when it was stocked with 9,000 head of Brahman cattle and comprised 391 square kilometres (151 sq mi), of which 60 percent is made up of floodplain country.[3] The floodplain supports a mixture of olive hymenachne, para and rice grasses. The higher country has been planted with various grasses and legumes. The property has been divided into 29 separate paddocks which are well watered by two large permanent lagoons and six bores.[3]

R. M. Williams Agricultural holdings acquired both Labelle Downs and Welltree aggregation at the top of the market in 2009 from cattleman Peter Camm in 2009.[4] The company went into receivership in 2013 with PPB Advisory being appointed as the receiver and manager of all the properties in the companies portfolio.[5]

R. M. Williams Agricultural holdings sold the property, along with Labelle Downs, to Australian Agricultural Company in 2013 for A$27 million.[6]

See also

References

  1. ↑ Caddie Brain (3 September 2013). "Northern cattle stations placed in receivership". Australian Broadcasting Corporation. Retrieved 31 May 2014.
  2. ↑ "Anson Bay, Daly and Reynolds River Floodplains". Birdlife International. Retrieved 28 March 2015.
  3. 1 2 "Welltree for sale at $9m". Queensland Country Life. Fairfax Media. 31 May 2001. Retrieved 30 May 2014.
  4. ↑ Fiona Cameron (6 November 2008). "Land worth $450m on sale across northern Australia". The Australian. News Limited. Retrieved 9 June 2014.
  5. ↑ Julian Luke (16 July 2013). "Labelle, Welltree placed into receivership". The Land. Fairfax Media. Retrieved 31 May 2014.
  6. ↑ Matthew Cranston (24 October 2013). "AACo buys RMW stations". The Land. Fairfax Media. Retrieved 30 May 2014.
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