715 Maria Creek Road, Eskdale, Qld 4312

QUEENSLAND rishlister Jim Gorman has made a tidy $3.32 million profit on two major grazing properties he’d held for four years.

Mr Gorman is no stranger to multi-million dollar deals, having made a $270 million fortune in 2007 when he sold a 23.3 per cent stake in Jellinbah Mine – a property whose other shareholders included Macarthur Coal founder Ken Talbot.

Mr Gorman has sold this Eskdale estate as part of a package deal. Picture: Realestate.com.au

The properties, two hours northwest of Brisbane, involved 21 titles spread across two properties that were sold as package deal for $9.8 million. Mr Gorman had paid $6.47 million for both in April 2013.

The larger of the two properties Eskdale West – made up of 2,566.55 hectares of cattle breeding and farm land – was bought for $2.588 million by Mr Gorman in 2013.

He owned 21 titles across two Eskdale estates. Picture: Realestate.com.au

The property was marketed as including a “grand circa 1930s homestead” with the major of the land cleared, and “well watered by Maria, Middle, Maronghy and James creeks plus 20 stock water dams”.

The second part of the sale was a property made up of 1,750.52 hectares of land spread across eight titles, also in Eskdale.

He sold the two Eskdale properties for $9.8m. Picture: Realestate.com.au

Though smaller in size, Mr Gorman had paid more for this property in April 2013 at $3.883 million.

Though the properties were large, they are not the biggest in Mr Gorman’s properties property stable, with properties listed under his name in CoreLogic including over 4,000 hectares in a single estate in Isla – six hours northwest of Brisbane and over 2,000 hectares in neighbouring Glenmoral. He also owns two premium properties in blue chip Hamilton.