Aberfeldy, located north of Holbrook, is selling for the second time in seven years after being owned by six generations of the Ross family before they sold to First Australian Farmland in 2012.

It was originally passed in at auction for $6.4 million before selling for an undisclosed amount of more than $7 million.

But, based on recent sales of properties in the area, which have fetched more than $4000 per acre, Aberfeldy could sell for close to $20 million.

In addition to the 1771 hectares of grazing and cropping country, the property also boasts a 50 square homestead and three-bedroom staff residence.

The original homestead, which was built in the late 1800s, was destroyed by fire.

Aberfeldy is also located an area with annual rainfall of between 650mm to 700mm.

Albury Elders agent David Gittoes is selling the property on behalf of its present owners for the second time.

"It really is a top-shelf grazing and cropping property," he said.

"It is highly productive and already attracting strong interest."

Mr Gittoes sold the next door property Forest Vale late last year.

Forest Vale changed hands for only the third time.

It was sold by the Watson family which then bought Kensal Green on the Murray River with the combined sales of both properties being in the vicinity of $30 million.

Abereldy and Forest Vale both formed part of the original Kinross Station with its original shearing shed being transported to Thurgoona in the late 1980s and becoming the Kinross Woolshed pub.

It is presently on the market after being shut suddenly last October.

Agents CRE Brokers are presently assessing offers which came from an expression of interest process which concluded in mid-April.

Meanwhile, a clearing sale at Sandy Mount at Oaklands will be held on June 14 with it and an adjoining property also owned by the Kerr family selling recently for $12 million.