Colliers is pleased to present an outstanding opportunity that offers potential purchasers exposure to immediate cashflow and the ability to develop a sizeable permanent tree-crop operation.
The premium Riverina opportunity comprises two standalone holdings that complement each other. The properties consist of an exciting large scale shovel ready development parcel of approx. 374ha and an existing premium vineyard (Woods Vineyard) of approx. 41ha, with both having access to the Murrumbidgee Irrigation supply channel.
The 374ha development opportunity has some of the most productive free draining red loamy soils in the area with deep strong A horizons. Of the 374ha, approximately 340ha is shovel ready for development.
The development land has direct access to Murrumbidgee Irrigation's Lakes View Branch Canal near New Farms Road making it a prime large-scale irrigation holding that would be ideally suited to permanent horticultural plantings e.g. Nuts, Citrus, Grapes etc. (subject to agronomic due diligence). Quarry Road runs along the entire Eastern and Southern boundaries and part of the Northern boundary providing excellent accessibility, with access also available from New Farms Road to the West.
Woods is planted to approx. 37 hectares of wine grapes ranging from Shiraz planted in 1991 to Durif planted in 2017 which are currently under a supply contract. The vineyard is watered via drip irrigation. The location of the vineyard allows for its existing infrastructure to be extended and utilised by the development holding if purchased together.
The properties are not to be sold contingent on one or the other, however it does offer cashflow through the vineyard while establishing the development site. The vendor has advised that they may be interested in leasing back the vineyard and surplus land for cropping during the development stage.
Being located some 15 kilometres north from the CBD of Griffith and in addition to different sector processing facilities makes this offering an exceptional opportunity to capitalise on an expanding sector with strong growth and results being experienced across most agricultural sectors.
For Sale by Negotiation
For more information to discuss the opportunity and receive a detailed Information Memorandum please contact the agents
