A 773-ACRE Fiery Flat farm has been passed at an online auction last Thursday.
But while the property did not sell after a vendor bid of $3.15 million, agent James Nevins said an offer had since been made and negotiations continued.
“It was the first online farm auction for our Inglewood office and the platform certainly opened up wider interest for The River Farm,” he said.
“There were inquiries from New South Wales and Queensland along with considerable interest among potential buyers.
“Our Rochester office has previously offered a number of irrigation property for sale through the online auction platform.”
The vendor bid of $4010 an acre was similar to recent northern Loddon sales.
The River Farm has been described as having extensive frontage of the Loddon River with a mixture of strong black and grey loam, with red loam pockets.
“The farm has fertile soils, is in four paddocks with Access to Loddon River and Hope Creek and, 2 Meg/Ltr HR water right.”
The Auctionsplus platform runs multiple land and livestock auctions each day.
The River Farm is one of several agricultural properties currently for sale in the Loddon.