176 Wandin Creek Road

Wandin East VIC 3139

Rare yet great opportunity for yourself to invest in one of Australia's rapidly growing premium fresh fruit industries. A family farm since 1999, laying itself on 6.8 hectares on pristine land in the Wandin East fruit growing district in the Dandenong Ranges. Only 49km or one hour's drive from the Melbourne CBD is a rare opportunity to invest in one of Australia's fastest growing premium fresh fruit industries. Progressively converted to a commercial hydroponic delicious raspberry farm over the past 3 years, the farm supplies fresh raspberries to two of the leading supermarkets in the nation, Coles and Woolworths through the local co-op. The farm has seen impressive revenue growth as each year goes by expected revenue this year of $1.2 million.
With the growing popularity of fruit, especially raspberries in Australia and internationally, the Australian fresh raspberry industry is experiencing rapid growth. Compound annual growth over the past 4 years has been in the excess of 41% per annum to AUD $149.5 million in 2016 and is expected to grow a further 40% by 2021. Australia relies exclusively on the local Australian fresh produce for its fresh raspberry supply due to their perishable nature and the local berries unconditional quality. Additionally, by 2021 it is expected that both current, and now premium and luxury export markets particularly in Asia, will grow significantly for fresh Australian raspberries due to their unparalleled taste, size, colour and texture. The Wandin area is renowned for its rich and fertile soil being the temperate rainforest area providing nutrient rich soil, ideal for high yield extending the crops seasons.
After significant investment by the current owners, the farm features an electronically operated hydroponic irrigation system, pick and packers operation, chill room, storage and all the farming equipment you possibly need to run the farm as efficiently as possible. All the farming equipment including tractors, pumps, generators and more are included in the price as for sale. There are also two dams and a bore on the property, plus rights to fresh water creek, hence the name. Further growth opportunities exist including increasing current plant yield and an additional vacant 1 hectare with views that can be utilized for either planning more crops or to build your ideal home/homestead if you wish to live on the farm.