A 49ha stone-fruit-growing operation in Bookpurnong in South Australia’s renowned Riverland horticulture and viticulture region has been listed for sale.
The Bookpurnong Fruits property is primarily planted to nectarines (16.65ha) and apricots (5.28ha), along with peaches, apriums, plums and pluots.
Lot 50 Nitschke Road is 3km north of the Bookpurnong township on the Murray River in SA’s east, 16km north of Loxton and 248km north-east of Adelaide.
Loxton receives 256mm of annual rainfall, while the undulating Bookpurnong site is underpinned by sandy and brown clay loam soils.
Equipment and improvements including river-pumping infrastructure, water storage tanks and shedding are part of the sale, accompanied by a 7.03ML water licence.
CBRE Agribusiness’ Angus Bills and Phil Schell are managing the campaign on behalf of Bookpurnong Fruits and Brand & Co., with Expressions of Interest sought before 4pm ACST on August 27.
“The Bookpurnong Fruits operation is ideally located in South Australia’s Riverland Region, which is well-suited to horticulture and viticulture,” Mr Bills said.
“We’re expecting interest from existing stone fruit producers, horticulture producers seeking crop diversity and investors from Adelaide.”
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.