Productive Lower Lakes estate offered for first time in over 35 years

‘Mill Farm’, a productive Lower Lakes holding near Meningie, offering both commercial farming capability and lifestyle-driven investment appeal has hit the market with a price guide of $4 million.

The 233-hectare property is being offered for sale for the first time in more than three decades, highlighting the scarcity of quality agricultural assets in tightly held regions. 

CBRE Head of Agribusiness John Harrison, the exclusive selling agent, said the asset is expected to attract a diverse buyer pool of both domestic investors and high-net-worth individuals seeking lifestyle assets with underlying agricultural productivity.

“Mill Farm presents a compelling opportunity for investors seeking exposure to the agricultural sector and offers a strong balance of grazing capability with fodder production, underpinned by reliable rainfall and established pastures, which will resonate with local producers as well as investors,” Mr Harrison added.

Located approximately three kilometres north-east of Meningie and approximately 150 kilometres south-east of Adelaide, the property combines established grazing operations with integrated fodder production, supported by productive sandy loam over limestone soils with established Lucerne pastures and a reliable rainfall profile, positioning it as a low-cost, scalable platform for livestock or fodder production. 

In addition to its operational capability, the property features a renovated circa 1910s built three-bedroom stone homestead overlooking Lake Albert, along with a modernised three-bedroom cottage and a self-contained two-bedroom quarters, providing flexibility for multi-generational living or workforce accommodation

“The property’s accommodation offering also introduces optionality, whether for owner-occupation, workforce housing or supplementary short stay accommodation income streams,” Mr Harrison added.

Operational infrastructure includes a large hay shed, workshop and a network of all-weather internal roadways suitable for heavy vehicle access year-round, supported by three-phase power, stock and domestic mains water, rainwater catchment tanks and the capability to irrigate the property via a 10” high pressure pipeline from Lake Albert, the farm has previously irrigated up to 140 hectares (350 acres) for Lucerne hay production.

Mill Farm is being offered for sale via Expressions of Interest closing Thursday, 6 August 2026.