After purchasing a 124 hectare cane farm in the Bundaberg region for $2 million, the Asian based buyer, is planning to convert the property for macadamia production.
Trenton Hindman from Colliers International marketed the property on behalf of Bucca Investments, which has owned the property since 2007. The property is described as a strategic land and water banking asset in addition to a turf enterprise at Canungra. Bucca has a 530.6 megalitre water allocation.
“This sale showcases a perfect mix of foreign capital investment, Australian horticultural expertise and management, and ultimately the export of the popular macadamia nut,” Mr Hindman said.
“Buyers were attracted by the property’s close proximity and access to Bundaberg, multiple freehold titles, infrastructure, climate, and soil and water quality.
source: northqueenslandregister.com.au
