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JUST SOLD: Inside $14 million farm with 14,000 avocado trees

·2-min read
(Source: LJ Hooker)
(Source: LJ Hooker)

It’s what every millennial is supposed to want: a property and an endless supply of smashed avocados.

Now, one lucky buyer has achieved this goal.

A 117-hectare avocado orchard in NSW’s far north coast recently sold for more than $14 million to a farming group, after heavy competition for the property.

(Source: LJ Hooker Lismore)
(Source: LJ Hooker Lismore)
(Source: LJ Hooker Lismore)
(Source: LJ Hooker Lismore)

The property contains two different residences on site, with five bedrooms in total, which can be used as accommodation for farm workers or pickers during harvest season.

The farm is based in Mountain Top near Lismore and is home to around 14,000 Hass avocado trees that are between six months to nine years of age.

That’s around $1,000 per avocado tree.

(Source: LJ Hooker Lismore)
(Source: LJ Hooker Lismore)

Listed by LJ Hooker Lismore, the property was snapped up by an “agricultural assets management and farming group,” according to News Corp.

(Source: LJ Hooker Lismore)
(Source: LJ Hooker Lismore)
(Source: LJ Hooker Lismore)
(Source: LJ Hooker Lismore)

The owner had no intentions of selling Mountain Top Avocado Orchard until a LJ Hooker Lismore real estate agent knocked on his door.

“We chatted for more than an hour … he wasn’t interested in selling,” Venn told News Corp. “A little while after that I received a phone call to come out – they had changed their minds.”

The property was sold after 160 different buyers expressed interest.

“We saw great interest across the board from mum and dad investors, other farmers and district buying groups to even those working in the food space industries wanting to secure their own supply of avocados,” said LJ Hooker Lismore real estate agent Geoff Venn.

The property also comes with a substantial list of machinery and equipment needed to maintain the farm, as well as additional trees functioning as an on-site nursery to graft avocados.

(Source: LJ Hooker Lismore)
(Source: LJ Hooker Lismore)

Venn said it was generally quite rare for avocado farms to be listed on the market.

“It is usually macadamia farms but avocados can be quite profitable,” he said.

“While they can be tougher to grow, and a bit more fickle, they certainly sell – we all like our smashed avocado.”

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