Riverina farm Mayfield at Bungowannah in the Riverina for sale for more than $6 million

A grazing property in the Riverina has hit the market with a price tag of more than $6 million. The farm has private access to the Murray River.

Riverina grazing farm Mayfield has been listed for sale.

A GRAZING property in the Riverina has been listed for sale with a price tag of more than $6 million.

The 274ha property, Mayfield at Bungowannah in NSW, will go under the hammer in May and is asking for more than $22,140 per hectare.

Potential buyers are expected to be tempted not only by 2.75km of private access to the Murray River and 274ha of productive land but also the 1865-homestead which has been extensively renovated.

It comes as a cropping and grazing property in the Riverna sold for $8.4 million under the hammer recently.

The property, Karbarook at Milbrulong, NSW sprawls across 954ha and was sold by Richard Simpson.

The land was first purchased by Mr Simpson’s mother’s family in 1930.

Elders Real Estate agent David Gittoes described Mayfield as “a blue-ribbon livestock property with the potential to crop or grow fodder”.

“With all due respect to people further downstream, we think the land with frontage to the Murray between Albury and Howlong is some of the most productive you can find,” Mr Gittoes said.

“Add to that the higher rainfall closer to Albury and it is an impressive package.”

The country is described as river flats and undulating areas with red loam soils. About 95 per cent of the property is arable.

Pastures include perennials and lucerne and they have received regular additions of lime and fertilisers to boost productivity.

Mayfield will be auctioned on May 14 by Elders.

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