Australian Doctor Sells Portion of Historic Mt Bundy Station for Undisclosed Amount

Dr. John Cooper, a medical doctor and aid worker, is selling a 120,000-acre property in Australia's Northern Territory, attracting interest from diverse industries. The sale could set a precedent for future land transactions in the region.

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Geeta Pillai
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Australian Doctor Sells Portion of Historic Mt Bundy Station for Undisclosed Amount

Australian Doctor Sells Portion of Historic Mt Bundy Station for Undisclosed Amount

Dr. John Cooper, a medical doctor and international aid worker, has put up for sale a 120,000-acre portion of the historic Mt Bundy station in Australia's Northern Territory. The property, now known as Silkwood, was originally purchased by Cooper in the early 1990s for $505,000.

Cooper has appointed LAWD agents to handle the sale of Silkwood, which is being offered as three separate lots: the 28,897-hectare Adelaide River Downs, the 1,299-hectare Spitfire Creek, and the 5,570-hectare Grand Plateau. The properties are expected to attract interest from buyers in various industries, including tourism, pastoral, agriculture, carbon farming, conservation, and development.

Over the years, Cooper has subdivided and sold off portions of the original 180,000-acre holding, reducing it by about 60,000 acres. He also developed a resort on the property, which he has since sold. The current offering represents a significant portion of the remaining land.

Silkwood showcases picturesque outback landscapes and is situated in a region recognized for its natural beauty. The property's potential for diverse uses makes it an appealing prospect for investors and developers alike.

Why this matters: The sale of such a large and historic property in Australia's Northern Territory emphasizes the ongoing interest in the region's land and its potential for various industries. The outcome of this sale may establish a precedent for future land transactions and development in the area.

Cooper, who helped the late humanitarian Fred Hollows establish his blindness treatment charity, feels it is time to pass the property on to someone else who can explore and develop its potential. The international expressions of interest campaign is expected to draw attention from a wide range of prospective buyers, both within Australia and abroad. The final sale price remains undisclosed at this time.

Key Takeaways

  • 120,000-acre Mt Bundy station in NT, Australia, listed for sale
  • Property subdivided into 3 lots: Adelaide River Downs, Spitfire Creek, Grand Plateau
  • Originally purchased by Dr. John Cooper in 1990s for $505,000
  • Property offers potential for tourism, agriculture, carbon farming, conservation
  • Sale may set precedent for future land transactions in the region