Spring Creek Seedlings Pty Ltd (SCS) was established in 1998 and was the first nursery in Australia to produce strawberry plug plants in commercial quantities and continues to lead the industry today. Commencing in 2005, SCS began growing strawberry plants in a soilless system (what we now refer to as Plug Plants), and over the next 18 years SCS has fine-tuned the system to achieve scalability and consistently high-quality plants.

With the closure of one of the largest suppliers of soil-based strawberry runners last year, this property offers a rare opportunity to not only take over an established major plug supplier but also the potential for further expansion to take advantage of the supply shortfall.

The owners have now made the decision to retire from the business but will remain for a period, to ensure a smooth transition for the prospective purchaser.

Investment Highlights:

Currently SCS has a production capability ~8 million plants within the 3 growing facilities of 3.2Ha.

• Strong, established pricing terms – all production forward sold each year, with prepayment required to confirm orders and payment in full before delivery.
• Significant barriers to entry – Plant Breeding Rights, bio-security, low competition pressure, preserved pricing.
• Opportunity to expand further into other berries – raspberries, blackberries and also medicinal marihuana, micro herbs etc.
• Sufficient land and water to expand further and replicate multiple 2 hectare
• Highly efficient self-sustainable water collection infrastructure, with each greenhouse capable of harvesting 15ML of water from the concreate floor run-off area. Water required for 5 million plugs is only 12ML.
• In addition to water supplied via on farm water harvest, there is a Spring Creek water license and storage on farm with lined dam. An additional 48 ML has been purchased.
• Continual investment opportunity for scaled growth on current land with development of 2 hectare greenhouse modules, capable of producing 5 million plants each.
• Plug Plants enable supply security, reduce seasonal risks, extend the supply window and require less inputs
• The business operates on a relatively low staff level during the growing season with only a Nursery Manager, Supervisor and two Nursery hands required, with the help of casual staff in the peak periods, specifically the harvest and planting.

Land:

SCS is located over 2 sites

• Site 1 (Lot 20 SP 256400) has 8.122 HA consisting of 2 x growing facilities ( 1.5HA total ), sheds, dams, spring /bore hole and residential house.
• Site 2 (Lot 9 on SP332452) has 19.24Ha and consists of a 2 Ha growing facility, sheds, dams and residence.
  • Can be expanded with minimal earthworks required.
  • Option of constructing multiple 2 hectare greenhouses, as required.

Site 1    836 Texas Rd Broadwater, QLD – Lot 20 on SP256400 – Land area 8.122 HA

• 2 x fully enclosed insect screen rooms totalling 1.5Ha, with concrete floor and 5 KM of hydroponic gutter system. Fully automatic irrigation and injection system for both drip and overhead irrigation.
• 4 bedroom, 2 bathroom brick (1996 build) house with cinema room and tennis court
• Sheds (12m x12m, 9m x 9m, 12m x 25m, 9m x 9m, 6m x 9m, 6m x 3m).
• 500,000 litre water tank
• 5 x 5000L water tanks
• Lined irrigation / storage dam(4ML) and spring yielding 7ML per year
• Reverse osmosis water treatment plant
• 12KW solar system

Site 2    13 Nundubbermere Road Broadwater, QLD Lot 9 on SP332452 – Land area 19.24ha

• 2 Ha fully enclosed insect screen room with concrete floor and 11 KM of hydroponic gutter system. Fully automatic irrigation and injection system for both drip and overhead irrigation.
• Old 4 bedroom, 2 bathroom timber house
• Sheds (11m x 9m block shed, 21m x 9m open shed, 7m x 4m)
• 2 x 250,000 litre water tanks
• Lined dam (7ML) + 25 ML irrigation dam
• Land cleared ready for future construction, has the option of constructing an additional 10 Ha of growing facilities if required
• Ozone water treatment plant, 10KW solar system

If you require any further information, please contact:

TONY DAWES

ALLEGIANT AGRIBUSINESS

P.O. BOX 1056

NEW FARM QLD 4005

Ph: +61 411 351 953

Email: tony@allegiantagri.com.au