ESTABLISHED enterprise Bowraville Blueberries is a fully leased horticulture operation on the Mid North Coast of NSW.
Presented with a land area of just under 12 hectares (30 acres), the property has historically produced a mixture of summer and winter varietal blueberries for domestic markets.
Bowraville Blueberries is leased until 2032 on a triple net basis (with a starting rent of $400,000 a year). The tenant is partnered with the established grower co-operative Oz-Group, through which a partnership with the international marketing group Driscoll's Berries exists.
The property features a spring-fed 12 megalitre water storage, which has a well-developed overland flow catchment design with associated overland flow licence, and a bore allocation.
JLL's Chris Holgar said the sale was an opportunity to acquire an established permanent horticulture enterprise, with a long-term lease agreement in place.
"Bowraville Blueberries has been thoughtfully developed to a high standard, representing a mature permanent horticulture enterprise with a committed lease till 2032," Mr Holgar said.
Purchased in 2015, the property was developed as a horticultural asset with significant capital invested in the development of a higher value crop base.
The operation has some 21,500 established blueberry plants under netting, with the capacity to produce about 50,000-60,000 trays annually. All of the plants are now producing at a commercial capacity.
An agreement is also in place with a local beekeeper to have 30 beehives throughout the property to enhance pollination.
Bowraville Blueberries is being sold by JLL Agribusiness through an expression of interest process, closing on November 25.
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