310 Yarraby Road

Nyah West, VIC

Information Memorandum



Prepared by Colliers International | October 2019


Executive Summary

Colliers International is pleased to offer '310 Yarraby Road' to the market. The asset represents a unique opportunity to secure 697.61* hectares of tightly held freehold land historically utilised as a dryland cropping and grazing enterprise which has significant potential to develop a large scale, profitable horticulture powerhouse. With growing global demand and commodity prices associated with permanent crops including almonds, citrus and table grapes, '310 Yarraby Road' offers a genuine opportunity to develop and secure scale and profitability.

Set in Nyah West, Victoria, approximately 30 km North West of Swan Hill, '310 Yarraby Road' comprises an amalgamation of eight land titles (details below). Approximately 93% or 650 ha of the property has been cleared. 530* hectares has been identified as ideal for future almond development following an extensive due diligence process (details available upon access to Data Room). The balance of uncleared country comprises native vegetation and curtilage areas.

With limited suitable almond development land available throughout the eastern seaboard this property offers a rare opportunity to create a large scale vertically integrated almond, citrus or table grape enterprise in a renowned and reliable area.

*Approximately















Location & Services

'310 Yarraby Road' is located 2 km North-West of Nyah Post Office, 30 km West of Swan Hill and 370 km from Melbourne.

River water, solar power, single phase power, septic system, and rural pipeline water are connected to the property.

The property has numerous road frontages including Murray Valley Highway, Yarraby Road, Cant Road and Pearce Lake Road.


Location Map

















Property Overview

Address:

'310 Yarraby Road'

Nyah West VIC

Area:

697.61* Hectares

1,723.83* Acres

Local Authority:

Swan Hill Rural City Council

Zoning:

FZ - Farming Zone

Tenure:

Freehold

Topography:

The property comprises slightly undulating dry land cropping land with sandy loam soils consistent within the surrounding districts. With the exception of 46 ha of native scrub the balance of the property being 650 ha* or 93%* is fully cleared. Soils are well suited to horticultural crops including almonds, citrus and grapes together with traditional cereal and legume crops.

Rainfall:

Average annual rainfall of 330 mm approx.

General:

Fencing can best be described as fair to good. The property is serviced by single phase power and modest structural improvements including a 4 bedroom weatherboard and shadow-line sheet home, workshop, machinery shed, store shed, 3 stand wool shed, sheep yards and other sundry buildings.


The property is currently leased until 31st December 2019, all available cropping land is sown to either wheat or vetch and crops are showing excellent potential. The lessee would be keen to renew the lease or part thereof should the incoming land owner be interested.


There are numerous horticultural developments either neighbouring or close neighbours producing almonds and table grapes.

*Approximately















Title Particulars

Description

Lot No

Plan

Title

Area (Ha)

Tenure

Highway

5 B Section 1

TP75622E

10084/751

96.44

Freehold

Home block

16

TP893230K

12026/740

216.80

Freehold


16 A

TP66384U

10084/756

3.19

Freehold


16 B

TP66385S

10084/757

2.95

Freehold

Reserve End R'way

1

PS410464U

10383/918

110.10

Freehold


2

PS410464U

10383/919

20.81

Freehold

West Railway

14

TP66383W

10084/754

194.80

Freehold

West Railway

15 A

TP893238S

10084/753

52.52

Freehold

Total




697.61




















Property Map




Rainfall & Climate
















310 Yarraby Road - Video




Production Capacity & Development Potential

The property is currently leased to a local farmer who is cropping all available land with predominantly wheat and vetch. The current lease expires 31 December 2019 however the lessee is keen to renew the lease with an incoming new owner and is flexible with both the term and the amount of land.

Historically the property was run as a mixed farming enterprise breeding sheep and cropping predominantly and would easily revert to that enterprise mix if desired.

Permanent crop is where the true potential lies with this property. Thorough due diligence has recently been conducted in regard to almond development and an area of approximately 520 Ha has been identified as suitable (details available in Data Room).

Crop Suitablilty Rating

Area (Ha)

% of total Area

Suitable for almonds, pistachios, grapes & stone fruit

368

54

Suitable for almonds provided the planting row is mounded.

Suitable for pistachios, grapes & stone fruit

144

21

Unsuitable for almonds. Marginal for

pistachios, grapes & stone fruit

174

25

Total

686

100

(Source: Sunraysia Reconnaissance Soil Survey - Data Room)



Water

Subject to approvals, irrigation water supply is available through the Nyah Irrigation District (NID) pipeline system in associated with Goulburn Murray Water (GMW).

Main irrigable section of the property commences approximately 1 km from the Murray River and adjoins the existing Nyah Irrigation Scheme pipeline system on its east boundary. It is generally accepted that land needs to be within 8 km of a water source in order to be economically feasible to develop as irrigated horticulture. The subject land to the west of the railway commences approximately 5 km from the Murray River.

The property does not currently have any irrigation however it does hold a 2.5 ML Water Use Licence No. WUR003563. Details below.

Item

Details

Delivery Share ID

DSE012846

Service Point Description

SH.9020

Volume

0.02

Delivery System

Nyah Irrigation District (Goulburn Murray Water)

Item

Details

Water Use Licence

WUR003563

Water Use Type

Use Registration

Holding Limit

5

Annual Use Limit

2.5

Purpose

General Purpose





















Infrastructure & Improvements

Homestead

  • 4 Bedroom weatherboard & shadow line with CGI roof;
  • 1 bathroom;
  • Ducted air-conditioning and slow combustion heating; and
  • 12 solar panels.

Machinery Shed

  • Steel frame and clad open front shed 357 sqm*.

Store Shed

  • Steel clad timber framed shed 73 sqm*.

Wool Shed

  • Older style 3 stand wool shed with sheep yards.

Silos

  • Several older style flat bottom silos.

Work shop

  • Very old weatherboard shed with CGI roof 72 sqm* concrete floor.














Sale Process


Colliers International on behalf of the Vendors are proud to present this unique opportunity to secure '310 Yarraby Road', Nyah West, Victoria.

Online Auction commencing 11.00 am (AEDT) Monday 4th November 2019 and closing 2.00 pm (AEDT) Wednesday 6th November 2019.

For Auction details and registration, please contact the agents listed below.
















Contact

Mike Clifton

DIRECTOR | TRANSACTION SERVICES | AGRIBUSINESS
+61 400 095 902
Mike.Clifton@colliers.com


Angus Macleod

DIRECTOR | TRANSACTION SERVICES | AGRIBUSINESS
+61 414 670 286
Angus.Macleod@colliers.com















Disclaimer

The opinions, estimates and information given herein or otherwise in relation hereto are made by Colliers International and affiliated companies in their best judgement, in good faith and as far as possible based on data or sources which are believed to be reliable. The material contained herein is not intended to substitute for obtaining individual advice from Colliers International or another advisor able to provide the services of a qualified professional person. Colliers International, its officers, employees and agents expressly disclaim any liability and responsibility to any person whether a reader of this publication or not in respect of anything and of the consequences of anything done or omitted to be done by any such person in reliance whether wholly or partially upon the whole or any part of the contents of this publication.

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