Monster truck-loving sheikh to offload Aussie cattle station

In June, one of Australia’s most remote cattle properties, the 381,000-hectare Suplejack Station 700 kilometres north-west of Alice Springs, sold for $21 million.

The sheikh, who is from one of the six ruling families of the United Arab Emirates, has an estimated net worth of $US20 billion ($29 billion) and is renowned for his love of cars.

Often referred to as the rainbow sheik because he reportedly owns a collection of luxury Mercedes Benz cars in a variety of colours, the sheikh most recently unveiled his own monster truck creation, which he says is the largest SUV in the world.

The property he is selling is 187 kilometres south of Alice Springs and covered by a single pastoral lease. It’s being offered for sale for just the second time since 1952.

The cattle station has a carrying capacity of 7500 adult equivalent and is being offered on a walk-in-walk-out basis, with approximately 3000 head of cattle as well as plant and equipment included.

JLL’s directors of agribusiness Geoff Warriner and Chris Holgar have been appointed to sell the property.

“This substantial landholding is situated within the heart of Central Australia and has been progressively developed to represent an efficient, low-cost pastoral enterprise supplying livestock to primarily southern (domestic) markets,” Mr Holgar said.

“Notwithstanding the current level of development, large portions of the landholding towards the southern and eastern boundary remain undeveloped. As such, a tangible opportunity exists for future development resulting in expansion of the current grazing operation,” he added.

It’s not the only property the sheikh has owned in Australia.