65 Mcdermids Road

Palmers Island NSW 2463

This unique commercial venture offers potential buyers an immediate entry into aquaculture. The market is extremely strong for any type of fish or prawn product, from both local and overseas interested buyers. Proven in its production methods and very well equipped, this business has all the current licensing requirements in place to begin immediate production, including experienced staff who are keen to stay on. Being close to the river mouth the water quality varies in salinity, which can offer a variety of readings to suit different species of marine produce. Access to water and pumping facilities are first class, and the positioning of the homestead offers great views across the river. Mulloway is not the only species included in their license - it includes prawns, crabs and almost any species endemic to this area. The farm has currently been concentrating on Mulloway production of over 100 tonnes per annum, as has been the case for over 8 years. The property is 17.8Ha in size (44 acres), consists of 12 x 0.9 Ha grow out ponds, 1.3 ha settlement pond, hatchery reservoir pond, nursery ponds, large insulated processing facility, a large hatchery shed which has been modified for producing fish or prawns and a 2 bedroom homestead with nice north east views of the river – 1 bathroom (shower/bath and toilet) with carport, air conditioning and a nice covered deck. The land and improvements are for sale, however the vendor will be retaining company title (Palmers Island Mulloway Pty Ltd). The remaining fish stocks will be harvested and are not included in the sale. There is an extensive equipment list, including, tractor, excavator, hatchery equipment, paddle wheels and harvesting equipment etc – a comprehensive list will be supplied to intending buyers. The current staff, who are extremely efficient at their job, are willing to stay on, subject to a negotiated remuneration package with the new owners. An exceptional, productive farm such as this, in a very special part of Australia, rarely comes on the market, and the current owners, who are leaders in their field for this type of aquaculture, are reluctantly selling for personal reasons. It offers potential buyers, a farm ready to go into immediate full scale production, with products that are highly sought after. Currently the product is being sold direct to major restaurants and caterers in major cities along the eastern seaboard in Australia, under an agreed pricing system. Full details of this farm are available to interested buyers by contacting Ian Dunbar, Yamba Iluka Real Estate on 0414 949 531.