Monday, November 28, 2022

Fruitshack ripe after three decades

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Entering the market after almost 30 years, an expansive citrus farm and vineyard in the New South Wales Riverina region is ripe for picking, in the country’s largest citrus-growing and NSW’s largest wine producing region.

Fruitshack Orchard
Debbie and Michael Ierano.

The 20-hectare Fruitshack Orchard and Vineyard, Farm 312 at 9 Henry Lawson Drive, sits within 10 minutes of the township of Leeton and less than an hour away from Griffith.

Boo Harvey, Phil Schell and Angus Bills from CBRE have been appointed to manage the sale on behalf of owners, Michael and Debbie Ierano, via an expressions of interest campaign.

“Fruitshack Orchard and Vineyard has been a big part of the Ierano family’s history over the past 65 years, becoming a highly-productive and well-known farm under their stewardship,” said Harvey.

The farm has been operating since 1913, is now a productive 10.28-hectare citrus farm, having won Grower of the Year Award for 2019.

“Now, it is being offered for sale for the first time, representing an opportunity to acquire a productive horticultural asset, with the scope for further plantings, and on-farm accommodation just minutes from Leeton,” said Harvey.

The farm grows Valencia, Summer and Winter Navel, Hamlin, Benyenda, Tangelos and Mandarin orange varieties and suppling farmers markets and Berri Juices.

Meanwhile the vineyard, which spans 5.52-hectares, was established in 1974 for the formation of Toorak Winery, a partnership that is still in perpetuity.

The vineyard is currently planted to Cabernet Sauvignon, Shiraz, Muscat Gordo Blanco and Trebbiano grapes, along with sultanas that have been produced on the site since 1913.

There is also an additional 3.69-hectares of underutilised land which is ripe for development by potential buyers.

The property is supported by rich red-brown clay loam soils and has a guaranteed water supply through 217 Murrumbidgee Irrigation delivery entitlements.

The site also features infrastructure such as a four-bedroom home, accommodation for seasonal labourers, as well as two large machinery and sundry storage sheds.

“We’re expecting interest from existing local operators as well as buyers seeking rural lifestyle in close proximity to services,” added Harvey,

The expressions of interest campaign for the Fruitshack Orchard and Vineyard is scheduled to close on 18 November 2021.



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