Fancy world's biggest farm?
Published 21/06/2011 | 05:00
Close to one million acres of land in Argentina has come on the market in what is believed to be the biggest single freehold farm sale in the world.
The Estancia Punta del Agua is a 989,000ac property in the San Juan province in the northwest of the country and it is being sold through London-based estate agents Savills and joint agents Gateway to South America in Buenos Aires.
Visualising such a vast estate is difficult, but to put it in context, the estancia is about the size of Co Cork or the total of all Coillte land in Ireland.
As for the price? A bargain at €7.10/ac ($10/ac), which equates to Â¤7m in total.
The property is being sold on behalf of a family-owned company, which has owned the land since the 1980s and now wishes to concentrate on other projects.
Ken Jones, head of international farmland sales at Savills, said that given the current interest in farmland from international investors, he expected the Estancia to appeal to a number of potential buyers.
Estancia Punta del Agua is situated in a semi-arid region, characterised by mountain ranges and fertile valleys and the soils on the property vary from naturally fertile silt soils in the north and centre to more sandy soils in the south.
Soil reports carried out throughout the vast estate show areas of silt soils, and the potential to tap into one of the largest aquifers in Argentina. It is crossed by three major rivers in the Andean Valle del Rio Bermejo.