The massive Grianan Estate in Burt could be sold shortly.
Donegal Investments Group plc has confirmed it has received an offer for sprawling estate which is being guided at €17m.
The board of the compnay confirmed the sales process continues for the property and that an offer has been received which it says “may or may not result in a completed sale”.
Savills has been retained to secure a buyer for property which is one of Europe’s largest organic farms.
The almost one-of-a-kind property has gone on the market with a guide price of €17m.
Owned by the Donegal Investment Group, The Grianan Estate is situated at Speenoge, Burt, on the shores of Lough Swilly.
The 2,400 acre property, which includes a 500 acre lake, consists mainly of land reclaimed from Lough Swilly.
Savills say this makes it particularly fertile and suitable for all farming enterprises.
For the past 10 years, the farm has been producing over 3,000 tonnes of organic produce per year including milk, vegetables and cereals.
Donegal Investment Group has a number of leases in operation across The Grianan Estate including to conventional producers of potatoes, wheat, oats and barley.