Property passed in at $1.4m
HISTORIC property ‘The Glen’ failed to sell under the hammer yesterday.
The auction, which attracted about a dozen interested parties, was held on-site at the homestead, which was passed in at $1.4 million.
The sole bidder said he was representing an interested buyer from Brisbane who, if they became the successful purchaser, would use the property to run cattle.
Agent Robert Koremans, principal of PRD Nationwide, said he was disappointed a sale wasn’t reached yesterday.
“There are four other solid inquiries though,” Mr Koremans said.
“At this stage we’re in negotiations with those interested and we’ll continue that until we reach a conclusion.”
The property was originally established on 1133 acres in 1890 and run as a sheep property.
It now sits on a 202ha parcel, on the New England Highway 15km south of Warwick.
Current owner of The Glen, Ben Tapp, comes from a well-known pastoral family and has had the property for five years.
He resides at Maryfield Station in the Northern Territory.