Lundberg’s Olive Grove is an icon on the Yorke Peninsula and is well known for its quality olive oil and reliable processing operations. Olive oil is produced from a variety of olive trees such as Manzanillo, Correggiola, Frantio, Mediterranean and Verdale. Lundberg’s Olive Grove processes for growers from many parts of the YP, Clare Valley, Pt Pirie and the Flinders Rangers. For investors and producers interested in the expanding olive industry, here is your chance to secure long term income whilst creating a secure capital asset doing what you enjoy.
Long term prospects for the olive industry are sound and olive’s are in the top three financial returns for emerging industries. Above average rainfalls in October and November of last year means Olive growers are expecting bumper crops this year. It is estimated at this stage, based on last year’s crops that this plant will be processing approximately 60 – 70 tons of olives this season. With the nearest processing plant at Riverton closed down, most of their clients are starting to come to this region for their Olive supplies. The current operators work weekends only so anyone wishing to run this plant full time is sure to reap the rewards. There is a huge potential for this Olive Grove to grow and increase processing figures. It is estimated that production will be around 1200 litres of oil based on the crop so far.
Sale includes processing plant for two production lines, machinery and all the equipment needed for oil production. This includes a near new Daedong Tractor with front end loader, forks for lifting bins of olives, a 400litre olive sprayer and a slasher. For water efficiency, the trees are watered by drippers operated by a sophisticated electronic watering and timing system.
The land is 6.2 Hectares and contains over 1000 olive trees and located 146km from Adelaide on the beautiful Yorke Peninsula. This is an ever growing community and popular tourist destination. Situated just off the main road it has optimal main road exposure. Located on quality land, with good soil and has a proven track record for producing quality olive oil.
Now is the time to capitalise on a price reduction and a bumper harvest on the horizon. For all the good oil on this wonderful opportunity give Dave a call on 0429 692 511!