Institutional grade almond aggregation for sale

The 635ha Yarrum Agriculture Almond Aggregation in Victoria has been listed for sale, providing an incoming purchaser with a substantial early-stage horticulture opportunity.

Located in Red Cliffs, the aggregation has a price expectation in excess of $22 million and includes two separate landholdings with a combined planted area of 317ha and a further 200ha well suited for further development.

The aggregations, Wilga Road Farm at 971 Wilga Road and Ballinger Farm at 469 Wilga Road, were planted over 2021 and 2022 with a mix of Nonpareil, Carmel and Shasta.

CBRE Agribusiness’s Angus Bills, Matt Childs and John Harrison are managing the sale via an Expression of Interest campaign closing on 14 March 2024.

The aggregation is being offered for sale on a walk-in walk-out basis with plant and equipment to be negotiated throughout the sale process.

“Due to the recently developed orchard and quality irrigation and fertigation systems as well as the potential to further develop unplanted land, this aggregation will be well received by incoming purchasers. The trees planted in 2021 are currently being harvested with an expected yield of approximately 500-750kg per hectare,” Mr Bills said.

“We’re expecting interest from current industry participants seeking to increase their scale and corporate agribusiness companies.”

Ballinger Farm has a new irrigation and fertigation infrastructure, supplying both Ballinger Farm and Wilga Road Farm via a 575mm mainline along Wilga Road. The irrigation system is completely automated and is currently irrigating as a single shift, with an output of 0.6mm per hour.