Sunmar & Pomona - Prime Value Citrus

290 Sculthorpe Road, Nangiloc, VIC, 3494, AU

Description

JLL Agribusiness, as exclusive agent, is pleased to present for sale "Sunmar & Pomona" (the Aggregation). Ideally situated in the renowned Sunraysia region, 60*km northwest of Mildura on the Darling River. The Aggregation offers a significant production platform primarily focused on oranges and mandarins. The Aggregation is underpinned by an attractive tree age profile, a balanced varietal mix, high quality operational infrastructure, suitable soil types and secure water culminating in a productive horticulture enterprise.

Sunmar

Sunmar is a productive horticultural holding with a largely established age profile supporting strong production capabilities. Comprising a total land area of 141.28* hectares, of which 120.64* hectares is planted to citrus varieties, Sunmar represents a turnkey operation underpinned by a range of fit-for-purpose infrastructure and suitable soil types.

Pomona

Pomona represents more recently developed property with excellent infrastructure and a larger concentration of young plantings, providing an attractive age profile. A total land area of 297.35 hectares, of which 107.24* hectares is planted to a range of citrus varieties and a further 8.77* hectares of netting (currently leased).

Sunmar & Pomona are offered for sale in one-line or as separate assets by Forthcoming Expression of Interest. To obtain further information or to discuss the opportunity, please do not hesitate to contact the exclusively appointed agents.

...

Attributes

Land area gross

1,211 ha

Media

Investment Highlights

Sunmar

Location & Scale | Sunmar is a fully developed citrus operation with over 120.54* hectares of planted area (85%), offering a turnkey production platform in New South Wales’s Sunraysia region

Secure Water Resources | Underpinned by significant water entitlements totalling 563 megalitres and direct access to the Darling River via multiple pump sites, and located within the Murray-Darling Weir Pool providing additional security over annual delivery

Immediate Age Profile | A largely mature age profile with around 10% of plantings under full production (aged under 9 years), supporting immediate operational returns for incoming investors

Balanced Varietal Mix | Under the guidance of Southern Cross Farms, a respected horticultural manager, Prime Value has implemented a balanced varietal mix focusing on consumer preferences and balancing/expanding production windows

Excellent Land & Soil Types | A favourable mix of highly suitable land & soil types, comprising of gently undulating topography and red sandy loams across the holdings

Recent Capex | Capital expenditure activities completed in recent years focused on tree health, including significant drainage and tree works

Pomona

Location & Scale | Sunmar is a fully developed citrus operation with over 120.54* hectares of planted area (85%), offering a turnkey production platform in New South Wales’s Sunraysia region

Attractive Age Profile | A youthful weighted average tree age (9.80 years) across the holding with a significant portion (approx. 73%) of plantings under 9 years of age, supporting a significant production uplift trend in the near term and long-term operational returns

Balanced Varietal Mix | Under the guidance of Southern Cross Farms, a respected horticultural manager, Prime Value has implemented a balanced varietal mix focusing on more recent consumer preferences and balancing/expanding production windows

Excellent Land & Soil Types | A favourable mix of highly suitable land & soil types, comprising of gently undulating topography and red sandy loams across the holdings

Tangible Growth Pipeline | Pomona offers a further 40* hectares of arable land suited to further plantings, of which 19* hectares is currently serviced providing tangible upside through further development

Approximately*