Horticulture opportunity for astute investors

Horticulture opportunity for astute investors

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This property has been thoughtfully developed, immaculately maintained and presents a rare opportunity to acquire a highly regarded horticultural business.

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GASCOYNE Tropical Nursery & Mango Plantation is being offered to the market for the first time since it was established by the Gibson family in 1980.

It provides an astute agricultural investor the opportunity to secure an established enterprise in one of WA's most recognised food producing regions.

The rich, alluvial soil, combined with the semi-arid to subtropical climate of the Gascoyne, allows for the production of a diverse range of high value horticultural crops.

This property has been thoughtfully developed, immaculately maintained and presents a rare opportunity to acquire a highly regarded horticultural business.

Production volumes are set to increase in coming years as younger trees realise their full potential, while the nursery business has scope to fully utilise the tourist trade and explore additional wholesale opportunities.

Gascoyne Tropical Nursery & Mango Plantation is in the thriving Carnarvon horticulture district, 990 kilometres from Perth and 475km from Geraldton.

Carnarvon is the primary service centre for the Gascoyne region and supports a diverse economy focussed on horticulture, fishing, tourism and pastoral leases.

These industries have enabled Carnarvon to develop into a vibrant and progressive town with a population of about 5000 people.

This property is conveniently located 300 metres from the North West Coastal Highway on the eastern edge of the established horticultural district and close to freight services and town amenities.

The property specialises in the supply of quality mango fruit to the WA market, consisting of 1400 Kensington Pride, 2300 Honey Gold and 350 R2E2 trees in varying levels of maturity.

The earliest plantings concentrated on Kensington Pride, with Honey Gold and R2E2 varieties established in more recent years.

Annual production levels are set to increase with about 1500 trees established since 2014.

This plantation is one of only two in the Carnarvon horticulture districts licenced to grow the Honey Gold variety.

All fruit is marketed under the 'G & K' brand and enjoys market recognition throughout the supply chain to the end consumer.

The wholesale and retail nursery business provides cashflow throughout the year, with scope to increase production scale and market awareness.

The retail business is immaculately presented with a nursery shop and shade houses open to the public.

Nine shade houses support the wholesale business with the structure in place to expand to 13.

Freight services operate daily utilising the North West Coastal Highway to connect directly with customers.

The three key elements of a successful, sustainable horticultural industry - climate, soil and abundant water - are present and perfectly balanced in this region.

The relative isolation from other horticultural regions allows Carnarvon growers greater levels of biosecurity, as well as mango fruit maturity timed perfectly between other key growing areas in WA.

The absence of winter frosts and the relatively high minimum temperatures create ideal growing conditions for a wide range of subtropical fruit and vegetables.

Buildings on the property are superbly presented and maintained and include a four-bedroom, one-bathroom brick homestead which is fully fenced with reticulated gardens, a two-bedroom, one-bathroom brick cottage with carports and a verandah and a 24m x 10m air-conditioned workshop and packing shed.

There is also an 11m x 8m utility shed, a 15m x 10m retail nursery shed, two retail nursery shade houses of 10m x 15m and 13m x 30m and nine wholesale nursery shade houses, that are each 16m x 7m.

Back-up power is supplied by a 25 kilovault Lister diesel generator.

The Department of Water and Environmental Regulation licences for the property provide a secure resource throughout the year.

Water is sourced from both Basin A and the Gascoyne Water Co-operative.

Price: $2.5m WIWO

Location: Carnarvon

Area: 21.8ha

Agent: Landmark Harcourts

Contact: Yves Beagley 0438 326 608

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