MELBOURNE, April 29 – A cattle station in Northern Territory (NT) owned by the Sultan of Brunei failed to sell at an auction last week.
The property, Willeroo, located about 130 kilometres southwest of Katherine, includes 17,000 head of cattle and 170,000 hectares of land, the Australian Associated Press (AAP) reports.
Real estate agent Russell Wolff has led efforts to sell the property at an auction for A$ 12 million on Friday.
Four people bid on Willeroo and they were all Australians who wanted to keep the cattle station open, Wolff told AAP.
He said a deal to sell the station was close.
"We are expecting it will sell, or at least have an agreement, in the next few weeks," he said.
The Sultan of Brunei bought Willeroo in 1981 but Wolff said that in recent years he had been divesting himself of NT cattle stations, although he still owned the Opium Creek property, 100km east of Darwin.(PNA/Bernama)