A 678-hectare landholding on a mixed-used farm in the Booborowie District within South Australia's renowned mid-north region is going to market.
The segment of the Old North Bungaree farm is offered for sale in one line or as two or three separate land parcels utilising five certificates of title.
Located four kilometres west of Booborowie, 38km north-east of Clare and 200km north of Adelaide.
A total of 639ha of the offering is arable, with the property well suited to a successful cropping program.
It is also ideal for running livestock, with a small percentage of lucerne, excellent shelter belts and permanent water from two creeks.
The property is underpinned by red and brown loam soil over red clay.
The township of Booborowie receives a substantial annual average rainfall of 437mm.
Improvements include a home (currently rented), hay shed, sheep holding yards and two bores.
CBRE Agribusiness's Phil Schell and Angus Bills are managing the sale campaign, with expressions of interest invited before April 14.
"This is a quality offering in the tightly-held mid-north," Mr Schell said.
"We're expecting prices to approach $19,500 per hectare.
"The property features the characteristics of a highly-productive broadacre cropping platform, benefiting from scale, operational efficiency, fertile soils, idyllic climate and a desirable location."
South Australia's mid-north is home to a diverse agricultural sector.
Strong demand from local families looking to grow their existing operations is helping to drive prices up in the area.
"We're expecting interest from local land owners looking to expand their presence, producers seeking geographic diversity and corporate entities," Mr Bills said.
"Buyer confidence in the state is on the rise.
"Demand is currently outstripping supply when you combine the family and corporate interest."
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