Estancia Punta del Agua is a million acre estate (989,000 acres) in San Juan in north west Argentina, on the National Route 150 which connects the major ports of the Pacific in Chile and the Atlantic in Brazil.

Situated in an Andean valley known as the Valle del Rio Bermejo, this area provides more than 25% of the national GDP of Argentina and in terms of wine production is second only to Medoza. The estate is characterised by mountain ranges and fertile valleys and offers tremendous potential for modern agriculture including growing sugar beet, alfafa, olives, vineyards and sunflowers. At its peak the estate supported about 400 people farming a large area, and the current owners are an internationally based family who have owned the estate since 1983.  

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Other potential development opportunities centre around alternative energy production in the form of bio mass; the land has favourable conditions for this and there is a surplus of readily available labour and solar panels are another option – the area gets around 300 days of sun per year.

The estate is offered freehold and it may also be possible to purchase the company which owns the Estancia.

The guide is around US $10 per acre. For further information please contact Savills on +44 (0)1522 508 933 or visit www.savills.co.uk/abroad

* Luxury properties overseas