The house that mining built
CQ House and land package with sea views - $30 million?
Wednesday 25 May 2016
So called “real estate experts” have left themselves plenty of wiggle room with their forecast that a 80 hectare lifestyle property at Emu Park near Rockhampton will sell for between $10 and $30 million when it goes to auction.
The “Mount Haven” property is owned by Ex-Queensland mining executive Ian Howard-Smith and his wife Margaret, the daughter of Queensland coal mining magnate Sir Leslie Thiess.
The Howard-Smiths bought Mount Haven more than a decade ago and built two homes on it after relocating from Brisbane: a two bedroom luxury home and a three-bedroom family home overlooking landscaped gardens and the ocean.
The property is spread over two freehold lots with the second lot having a permit for an eight-lot subdivision which could allow for the development of boutique accommodation or a retirement village.
"It's been fantastic living here, but we kept a house in Brisbane and we are reluctantly shifting back so our entire family can be closer together," Mr Howard-Smith told Fairfax media.
"The views to the east are spectacular and then the view to the west and over the hills has been lovely and calming.
“The harbour is only 10 minutes away and you can walk straight down to the beach."
Mr Howard-Smith discovered the giant Kunwarara magnesite deposit in the mid-1980s north of Rockhampton and founded Queensland Metals Corporation, which later became the ill-fated listed vehicle, the Australian Magnesium Corporation.
Ms Howard-Smith's father, Sir Leslie, is considered the father of Queensland's coal industry having founded mining contractor Thiess which is now part of global businesses CIMIC (formerly Leighton Holdings).
The sale is being handled by Ray White Rural Queensland's Peter Douglas and Dan White. Mr Douglas described the offering as "superb" but said it was hard to put a value on it."There's nothing else like it," he said.