NT's Bunda Station sells to Consolidated Pastoral Company

The Bunda Station, of the Victoria River District, in the Northern Territory, is being sold for about $15 million through Ruralco Property.

The 178,800-hectare station owned by the Underwood family sits adjacent to the buyer, Consolidated Pastoral Company's Kirkimbie Station.

"We are in the final stages of due diligence and it is under contract," CPC chief executive Troy Setter confirmed to Fairfax Media.

CPC controls 19 properties across Australia's top end covering more than 5.6 million hectares.

Bunda Station was passed in at 2012 Elders auction with just a $10 million vendor bid.

Bunda was offered with 13,500 Brahman and Charbray infused cattle.

The herd includes 2,000 purebred Brahman bulls and breeders. 

Bunda has been developed with 22 bores.