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 |
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Machinery Shed |
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Store Shed |
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Wool Shed |
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Silos |
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Work shop |
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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
[email protected]
Angus Macleod
DIRECTOR | TRANSACTION SERVICES | AGRIBUSINESS
+61 414 670 286
[email protected]
Disclaimer
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