71,000 Tree SA Olive Grove listed for Sale
- By: "Farm Tender" News
- Agri Political News
- Oct 23, 2018
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A large-scale olive grove in South Australia’s upper south east has been listed for sale.
Coonalpyn Olives, situated about 16km from Coonalpyn and 169km from the Adelaide CBD, has a total land area of 1,232ha.
The asset offers approximately 71,000 mature olive trees planted across 214ha – including Barnea, Manzanillo, Leccino, Frantoio and Picqual varieties. With land available for livestock grazing.
Coonalpyn Olives’ operations are supported by a substantial 1,136 megalitre water entitlement and single-phase power.
The grove is well positioned to utilise the services of Coonalpyn’s Longridge Olive Mill and Tatiara Olives Processing, located at Keith.
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The property’s structural improvements include: shearing shed, ATCO office, three pump sheds, a machinery shed, hay shed, two rainwater tanks, three fertigation tanks and a new home residence.
CBRE’s Angus Bills and Phil Schell have been appointed to negotiate the sale.
Mr Bills said the property offered interested buyers the opportunity to purchase a large-scale olive grove.
“This property would ideally suit existing industry participants and investors seeking a footprint in the South Australian Olive Industry,” Mr Bills noted.
Mr Schell added that: “These buyers will be interested in Coonalpyn Olives’ home, shedding and water infrastructure improvements and proximity to processing facilities.”
The sale of the property, which is available on a walk-in-walk-out basis, includes management, if required.
The property is for sale by Expression of Interest, closing Thursday, December 6, 2018 at 4:00pm (ACDT).
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