The sale of one of the largest parcels of agricultural land in the East Kimberley is unlikely to be finalised until after the current growing season, according to real estate agent Landmark.
Landmark WA rural property manager Glenn McTaggart said although there had been strong interest from Australian and international investors in the 1379ha Manbajim farm (formerly known as Green Swamp), the timing of the sale period had made it difficult for interested parties to finalise finance and settlement before this year’s planting period.
“It was quite a compact marketing period and that was needed because of the timing of the growing seasons,” Mr McTaggart said.
“We are still negotiating with a couple of interested parties, however, it is likely the current owners will crop the land this season and look for a settlement date later this year.”
The farm, about 20km north of Kununurra, is expected to fetch between $12 and $13 million.
By NATHAN DYER
