An irrigated grape and citrus enterprise in Queensland’s St George has been listed for sale amid strengthening interest in high value agriculture.
CBRE Agribusiness has been appointed to market Bounty Farms – a 230 hectare table grape and citrus farm situated along the banks of the Balonne River in St George.
Bounty Farms currently operates as a mixed horticultural enterprise with table grapes and citrus covering approximately 43 hectares. The table grape varieties (27 hectares) consist of Menindee Seedless, Red Globe, Midnight Beauty with the balance (16 hectares) currently being planted to 1,000 Tahitian Lime and 5,000 Afourer Mandarin trees.
The property also includes a packing shed, two cool rooms, ample shedding and onsite staff accommodation for up to 25 people.
CBRE’s Thomas Warriner and Chris Holgar have been exclusively appointed to sell the property via an Expression of Interest campaign on behalf of Nick and Lissette Bligh.
Mr Warriner said the property’s position in the productive farming region within the Balonne Shire would be a key selling factor.
“The surrounding area is well-known for horticulture and irrigated and dryland farming, with crops including table grapes, citrus, cotton, wheat and a variety of cash crops,” Mr Warriner said.
“Located along the Balonne River, with access to the Sunwater-owned irrigation channel Bounty Farms offers an excellent opportunity to secure a modern farming enterprise with secure water entitlements in a renowned agricultural location.”
Mr Holgar said a key component of the offering is more than 75 hectares of land with underground mainlines ready for development. The area is currently utilised for cash crops, and there is ample water allocated to support additional permanent plantings.
Expressions of Interest close Wednesday 21 June at 4:00pm (AEST).
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), 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 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), 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 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.
