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NSW almond orchard tipped to fetch $30m
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The Schembri family has put its almond orchard near Griffith in the NSW Riverina up for sale as it looks to expand its neighbouring melon operations into the Northern Territory.
Price expectations are understood to be around $30 million for the Greenview Farms almond orchard at 1648 Boorga Road in Tabbita, 16 kilometres north of Griffith.
The 584.59-hectare landholding has 430 hectares planted to various almond varieties, including Nonpareil, Monterey and Wood Colony – all planted in 2015 – and Nonpareil and Shasta, planted in 2019.
Almond trees take five to six years to reach full nut-bearing capacity.
The Schembri is selling its almond orchards to focus on melons.