This article is from the Australian Property Journal archive
WATERMELON growers Lunar Produce has lobbed productive horticultural crop enterprise Copi Station to the market with expectations of $12 million to $15 million.
The 1,738.9-hectare station at 340 West Wilcannia Road in Menindee, south west of Broken Hill, a productive horticultural crop enterprise, with Lunar Produce producing more than 9,000 tonne of seedless watermelons in their first year’s crop.
The station is situated across both freehold and a NSW Water land lease, with 15 years remaining and five-year extensions following.
Lunar Produce has developed the station over the past two years with new irrigation infrastructure, 28-person staff quarters and facilities, three houses, a packing shed, two machinery sheds and sundry improvements.
CBRE Agribusiness’ Phil Schell and Angus Bills are managing the expressions of interest campaign, which closes 8th June.
The property has existing approvals to irrigate over 178 hectares, with plant and equipment available through negotiation and the sale includes a 180 megalitre high-security water licence via the Lower Darling Regulated River Water source, Bills said.
“We are expecting interest from corporate groups and parties looking to expand their current holdings in sectors such as irrigated food production, horticulture, hay, fodder and silage production as well as feed lotting opportunities,” Schell said.
