A LARGE-scale generational opportunity in commercial table grapes at Koorlong, about 15 kilometres southwest of Mildura, is for sale by expression of interest.
After more than 30 years in the same family, the enterprise known as 888 Produce at 3784 Walnut Ave is a rare opportunity to step straight into an established business with export potential.
With 64.31ha – which includes 52.1ha planted to premium table grape varieties – there is also extensive infrastructure and modern facilities while the plant and equipment are available by negotiation. \Services include three-phase power and a 100kW supporting solar system
CBRE’s Angus Bills and James Auty are managing and say the property’s infrastructure includes worker accommodation for 25 people, three machinery sheds, a site office, packing and storage facilities, four cool rooms (576sqm), a fumigation area (98sqm), and dam storage of 35ML supported by Lower Murray Water’s Benetook system.
It also has a water use licence (WUL) of 504.6ML with water also being supplied via Lower Murray Water and supporting the dam storage.
“888 Produce has been trading in excess of 30 years and offers a genuine turnkey opportunity to enter the table grape industry at scale with sought-after plantings, enabling an incoming purchaser the benefit of instant production and penetration to export markets,” Mr Bills said.
“The property’s location means it also benefits from early harvesting, capturing optimum pricing for domestic and export markets.”
The other advantage of 888 Produce’s location on the edge of the irrigation district means it lends itself to further expansion opportunities with neighbouring land parcels suited for development.
The vineyard includes strategic plantings to suit the domestic and export markets including Ralli Seedless (8.9ha), Midnight Beauty (3.2ha), Sweet Globe (20.3ha), Sweet Sapphire (9.4ha), Autumn Crisp (3.1ha), and Bebop (7.2ha), spread across three titles.
“Due to the family’s reputation of producing high-quality grapes, they currently have an exclusive licensing and marketing agreement with Bloom Fresh,” Mr Auty said.
Stage one of the sale by expression of interest closes on Thursday, July 24 unless sold beforehand.
Further details from Mr Bills on 0400 859 634, or Mr Auty on 0407 053 367.
