Opportunity to secure 106.6ha organic almond aggregation spread across two states

Two of Australia’s major organic almond producers have teamed to sell a 290.2ha aggregation in New South Wales and South Australia along with the associated Yunis almond business.

The CBRE Agribusiness team of Angus Bills and John Harrison are managing the sale, which involves two Certified Organic Almond properties: Ron Gol at Wentworth in NSW owned by Andrew and Marina Rix as well as Tulunka at Taylorville in South Australia owned by John Maragozidis.

Ron Gol has been in the Rix family since 1999 while John Maragozidis has owned the Tulunka property since 2011.

The properties are for sale in line-line or as individual assets along with plant and equipment, goodwill, Mr Maragozidis’ Yunis business and a South Australian processing/storage facility in Sailsbury North, which is available for sale or lease.

The aggregation has a price expectation of approximately $15 million inclusive of associated water entitlements and features 30ha of NSW land suited for further development.

“The properties have been well managed and offer an opportunity to enter the organic almond sector with scale and secure water entitlements while also benefitting from higher pricing per tonne compared with conventional growing methods,” Mr Bills said.

“We expect interest from current industry participants seeking to increase their footprint alongside local producers.”

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.

Ron Gol comprises a total land area of 253.81ha with 80ha planted to Carina (28ha of which was planted in 2020), Carmel (26ha of which was planted in 2005/2006) and Nonpareil (26ha of which was planted 2005/2006).

The property features secure water licences and will be offered inclusive of 400ML high security NSW Zone 11 and 124ML general security NSW Zone 11. Property improvements include two homes, a 1,200sqm machinery shed and a 180kW solar system plus sundry shedding.

Tulunka in Taylorville SA features a total land area of 36.15ha with 26.63ha planted to Carina (11.57ha of which was planted in 2018 and 2023), Nonpareil (7.59ha of which was planted between 1993 and 2013), Carmel (6.24ha of which was planted between 1993 and 2013) and NePlus (1.23ha of which was planted between 1986 and 1994).

A 341.23ML water licence will be included in the sale whilst the property has a Site Use Approval of 467ML. Improvements include a house, workshop/implement shed and a 55T bulk storage shed.

The processing facility in Salisbury North comprises 1,000sqm of warehouse and office space situated on 2,459sqm site. The property benefits from three-phase power, a secure gated yard, 12 designated car parks and is zoned strategic employment with an option to purchase various plant and equipment.

The facility will only be offered for sale or lease if the aggregation is sold in one-line.

Stage one of the Expression of Interest campaign closes September 5, 2024.