A 321-hectare almond farm and vineyard just off the Murray River in Swan Reach east of Adelaide has been listed for sale.
Swan Produce, located at 2767 Hunter Road, dates back to the early-1970s and currently features a 129ha almond plantation, 24ha planted to wine grapes and 110ha suited to further horticultural development.
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The almonds are part of a supply agreement with South Australia-based Almondco Australia, while the vineyard plantings include Cabernet Sauvignon, Shiraz and Vermentino.
The property's extensive irrigation system was recently upgraded, incorporating modern plumbing and fertigation infrastructure, and is adaptable to suit future plantings.
Other improvements include operational infrastructure, three homes, workshop, machinery shed, fertigation shed, bin shed and an almond shed. Council approval is complete for a fourth dwelling.
CBRE Agribusiness's Phil Schell and Angus Bills are managing the sale campaign on behalf of Frank Condo, who has owned the property since 1981, with expressions of interest invited before April 21.
"Swan Produce represents an opportunity to secure a well-presented and mature almond and vineyard holding with significant expansion potential," Mr Schell said.
"With the property available on a walk-in, walk-out basis, we are expecting interest from existing horticulture participants and corporate groups, and offers around $8M."
The gently-undulating land comprises deep sandy loams over limestone, and is situated in a core horticultural location approximately two hours east of Adelaide.
It offers easy access to the Stott and Sturt Highways, Costa Bros almond-processing facility and Almondco in Renmark.
"The property occupies a prime position near the Murray River, and is well connected to the almond industry," Mr Bills added.
"The scope to expand while utilising existing irrigation infrastructure will appeal."
