Bulgary Station, as the aggregation has been badged, is operated now as a mixed grain/oilseed growing and cattle breeding/finishing operation, but offers scope also for large-scale dairying.

Covering 4400 hectares (10,874 acres) including 1000ha of developed irrigation with nearly 6000 megalitres of water licences, Bulgary Station is a rare package for its prime location.

The sheer scale and production potential of the complex and the high standard of its related infrastructure has attracted inquiry from Europe and New Zealand as well as local corporate investors.

Bulgary Station is an integrated aggregation of eight adjoining properties put together since 1988 by John Waring following the sale of the Melbourne trading business he founded in 1965.

The Warings also have interests in horticultural activities in Queensland and South East Asia, and they want to channel more investment into those vertically integrated operations.

Bulgary Station has accordingly been listed for sale by tender through Hore and Davies Rural, Wagga Wagga, and PGG Wrightson Real Estate, Melbourne.

Although held under 52 titles, it is being offered as a whole (water entitlements included), with bids expected on the high side of $26 million. Livestock and plant will be available by negotiation.

Situated 49 kilometres west of Wagga Wagga just north of the village of Galore, Bulgary Station is bounded on the north by a 25km frontage to the Murrumbidgee River.

* Don't miss our spring property analysis series which continues in The land on Thursday.