CBRE Agribusiness is delighted to be exclusively appointed to present For Sale, "Moricom Orchards".
The opportunity comprises 502.50* hectares across 8 titles and is situated approximately 18 kilometres north of Leeton and 41 kilometres south-east of Griffith in the Riverina region of New South Wales.
The property is well developed to a large-scale mature and juvenile mandarin and avocado orchard planted from 2007 to 2023, with additional plantable areas suitable for expansion.
The mandarin plantings have been developed to a best-in-class standard with 54.93* hectares trained on single wire or six wire trellis systems with 51* hectares of the mandarin plantings under permanent netting which provide protection from wind and hail.
Irrigation water is provided via the main Murrumbidgee Irrigation canal which borders the western boundary with 635 Murrumbidgee Irrigation Delivery Entitlements and a Murrumbidgee Irrigation General Security entitlement of 25 megalitres.
This offering presents a unique and advantageous opportunity for investors, with the orchard developed to a best-in-class standard offering diversification, young weighted average tree age and further expansion potential.
Key investment highlights include:
- Total land area of 502.50* hectares contained within 8 titles.
- Afourer Mandarins 81.42* Hectares (2007 2023 planted).
- Sumo Mandarins 11.16* hectares (2014 2016 planted).
- Hass Avocados 15.70* hectares (2019 planted).
- Approximately 54.93* hectares of Mandarin plantings trained on either a single or six wire trellis system.
- Permanent netting covering 51* hectares of Mandarin plantings.
- First class irrigation development with water delivered to each tree through a dripline irrigation system and installed filtration to ensure efficient and trouble-free operation of the drip irrigation system as well as an integrated fertigation system providing efficient management of plant nutrition.
- Opportunity for further expansion with 167.89* hectares of plantable land.
- Excellent climatic conditions and ideal soil profiles ranging from red clay-loam and red sandy loam soils.
- Elevated undulating topography ranging from 136* metres to 205* metres above sea level (ASL). The elevation of the site provides frost protection and less flood risk.
- Services connected include three phase electricity with an onsite 1,000kVA transformer, 100KW solar system, satellite and 4G/5G mobile network.
- Working improvements include a workshop/irrigation shed, machinery/hay shed, three stand shearing shed and 40* megalitres of on-site water storage across two dams.
- Plant and equipment and management options available (by negotiation).
Moricom Orchards features the characteristics of a highly productive horticultural enterprise, benefiting from scale, diversity, fertile soils, operational efficiency and a desirable location.
A comprehensive Information Memorandum is available upon request.
For Sale via Expressions of Interest (EOI) closing Thursday 21 March 2024 at 4:00PM (AEDT).
*Approx.
For further information, please contact the below personnel:
Boo Harvey
+61 498 990 075
John Harrison
+61 404 335 267
