THE Tamborine Mountain development opportunity Sandy Creek Orchard remains on the market after being passed in for $7.4 million at a Ray White Rural auction in Brisbane this morning.
The 20ha (49 acres) property on Geissmann Street is made up of eight freehold titles. Three parties registered to bid on the property.
The managed orchard enjoys a cooler climate with rich, red volcanic topsoils. The average annual rainfall is 1525mm, with subsurface streams for irrigation supported by a 13ha licence. A new school and retirement village neighbour the parcel, which has six access points on three separate roads.
The headwater of Sandy Creek flows across the property as well as five bores and a well, and an 8ML dam, all supported by an irrigation system servicing the entire orchard. The orchard produces about 70,000 trays of Kiwifruit a year.
The 480sq m packhouse is equipped with a two-lane weight and size grader with a 27 pallet holding capacity, staff room, showers and toilets. An extensive inventory of plant, equipment, and crops are included in the sale.
The six bedroom, two bathroom Cape Cod style home is surrounded by giant fig trees. There are five other homes on the property, generating a healthy rental return.