The segment of the Old North Bungaree farm is offered for sale in one line or as two or three separate land parcels utilising the five Certificates of Title, and is located 4km 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 suited to cropping or 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, while the township of Booborowie receives annual average rainfall of 437mm.
Improvements include a currently rented home, a hay shed, sheep holding yards and two bores.
CBRE Agribusiness’s Phil Schell and Angus Bills are managing the sale campaign on behalf of the London-based vendor.
“This is a quality offering in the tightly held Mid-North, and we’re expecting prices to approach $19,500 per hectare,” Mr Schell said.
“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, with demand from local families looking to grow their existing operations helping to drive prices up.
“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, and demand is currently outstripping supply when you combine the family and corporate interest.”