Claravale pastoral lease and freehold title sold to Queensland businessmen for $8.5 million

The Northern Territory’s Claravale pastoral lease and an adjoining freedhold block has sold for $8.5 million, to two Queensland businessmen involved in earthmoving and construction. 

Top End Pastoral Company, owned by Michael Simmich and Clayton Coleman both from Dalby in Queensland’s Darling Downs, bought the property walk-in-walk-out with around 200 head of cattle.

Claravale Station is a 61,380-hectare property south of Pine Creek, and its adjoining Claravale Farm is a 6,310-hectare freehold block that fronts the Daly…