CBRE Agribusiness is delighted to be exclusively appointed to present For Sale and Leaseback, "Cherry Creek Estate Orchard". The opportunity comprises 673.59* hectares across 10 titles and is situated adjacent to the Blackbutt township in south-east Queensland approximately 155* kilometres north-west by road to Brisbane.
The property is developed to a large-scale mature and juvenile avocado orchard, with additional plantable areas suitable for expansion.
This sale & leaseback offering presents a unique and advantageous opportunity for investors. The asset offers a stable income stream, diversification, environmental benefits, and access to a healthy commodity. As the demand for avocados and avocado oil continues to rise, the long-term growth potential for "Cherry Creek Estate Orchard" is promising.
For those seeking to combine an agricultural real estate investment, with a long-term strategic partner dedicated to health and sustainability, "Cherry Creek Estate Orchard" should be strongly considered.
Key investment highlights include:
10-year lease with proposed commencement rent of $3.15M (triple net) and two 10-year options.
Total land area of 673.59* hectares contained within 10 titles
Established mature (4+ year) avocado orchards comprising a total planted area of 246* hectares
Juvenile (<4 years) avocado orchards comprising a total planted area of 20* hectares
High rainfall region, approximately 825* millimetres per annum average, with a Rainfall Reliability Index Scale (annual) of > 70% to 75%.
Arable / Plantable area of 94* hectares
Further supported by schemed water entitlements, large on-farm dams and groundwater bores .
Average production over the past three years has been in excess of 1,657,000* kg with production forecast to increase to 2,390,000* kg by 2028.
Favourable soil profiles ranging from deep reddish brown gradational clay loams, with areas of shallower red earths to deep red clay loams and brown non-cracking clays.
Quality structures including 4 dwellings, staff quarters/accommodation, 2 packing sheds, cool rooms, workshops, machinery shedding, storage sheds and cattle yards.
Strategically located within close proximity to Brisbane domestic market as well as Toowoomba (Wellcamp) export airport.
Cherry Creek Estate Orchard features the characteristics of a highly productive horticultural enterprise, benefiting from scale, fertile soils, operational efficiency, idyllic climate and desirable location.
For Sale via a Single Stage Expressions of Interest (EOI) Closing on Thursday 14 December 2023 at 4PM (AEST).
For further information, please contact the agents:
Edward O'Dwyer
0409 160 576
John Harrison
0404 335 267
*approx
