Australia’s only commercial Achacha orchard is on the market, providing investors with an opportunity to secure a monopoly over the new sweet, tangy fruit. The Achacha (achachairú, Garcinia humilis) is originally a native of Bolivia.
Colliers International Head of Rural and Agriculture Rawdon Briggs, who is handling the sale, said the Achacha Fruit Group offering will see keen investor interest.
“Buyers from offshore are now being matched by strong local interest and competition for assets is still very solid, the upside in this offering is the post farm gate value add as the orchard is a proven production asset,” Mr Briggs said.
Ideally situated on the Bruce Highway 45km south of Townsville at Palm Creek, the property is on 123 ha, has been fully organic for six years and uses biodynamic methods.
“The Australian market for the Achacha has been established, with a network of agents in eastern states and WA supplying major fresh food chains as well as suburban greengrocers,” Mr Briggs said.
“The really interestesting advantage with this offering is the Achacha is densily packed full of vitamins and antioxidants, so much so that some south American’s consider this ‘a proven superfood” with supply orders coming from as far away as UK retail giant Marks & Spencer.
“It is also exported to the Europe, Middle East, Hong Kong, Vancouver, and Toronto.”
The property comes with plant breeders rights to commercialise the Achacha fruit in Australia until 2035, providing a monopoly on the product.
There are 16,000 trees expected to produce 250 tonnes of saleable fruit in 2019; some trees are already producing over 100kg of fruit. Retail prices for first-grade fruit generally vary from $10-$25/kg.
The downstream market using unsaleable fruit is now being pursued – jams, pulp for sorbets and desserts, drink mixes, honey etc. The fruit, which is very low in sugar, is regarded as having excellent health properties.
In addition to Achacha trees, the property has 60 mature mango trees and small numbers of a variety of other species including soursop and coconut. There are also 3,000 African mahogany trees planted across eight rows, running north to south to provide wind breaks and shelter for the Achacha trees.
A 25sq m concrete block pumping shed with a short underground pipeline to a nearby Sunwater channel provides irrigation water. The allocation is 535ml, of which only about 20 per cent is used with the remainder being sold on the market annually, plus 100ml from Palm Creek. The property is fully irrigated, each Achacha tree having its own micro sprinkler as part of a Toro system.
The property has two fully equipped dwellings in good condition – a high-set three bedroom 150sq m cottage, and a sturdy 368sq m concrete block guest house with four double bedrooms, three bathrooms, office and laboratory. An additional domestic bore also waters this complex.
Structural improvements on the farm include a 744sq m packing shed that holds an 80sq m cool room, a GP Graders fruit sorting and grading machine, tea area, and a separate area for farm tools and replacement parts; a five-basin Flowform; and a 720sq m shade cloth nursery.