Roma Lighthouse station farm sold to Tom Strachan

Roma Lighthouse station farm sold to Tom Strachan
Roma Lighthouse station farm sold to Tom Strachan

Some $14 million has been paid for a Roma farm by Tom Strachan, the owner of Australia's largest privately owned labour hire company AUX.

The 7300-hectare Lighthouse station borders his current rural property holding, Lorraine.

"It's champagne country that you can't get enough of," Mr Strachan told The Australian Financial Review.

The new cattle station purchase was made through his Australian Pastoral Land Company, which is separate from the labour hire business.

The Lighthouse property was formerly owned by the estate of Dr Jim Baker who acquired it in 1975 during the "Beef Depression".

Mr Strachan's wealth is estimated by the BRW Young Rich List at $47 million.

The property, was offered to the market alongside the neighbouring Meeleebee Downs, which is in due diligence with a separate buyer.

CBRE's Danny Thomas, Chris Holgar and Geoff Warriner negotiated the sale.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Cattle Station Rural Sale

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