Adelaide

Industry players' mouths water over Coonalpyn Olives

A large-scale olive grove in South Australia’s upper south east has been listed for sale.

23 Oct 2018

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.

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).For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at https://www.cbre.com.