PRELIMINARY NOTICE

CBRE Agribusiness is pleased to present Karte Olives and Viva Olives for sale (the Offering), a vertically integrated Table Olive and Extra Virgin Olive Oil (EVOO) business with two main landholdings located in Karte and Loxton, South Australia.

Comprising a total land area of 1,704.26* hectares, the grove was established in 2001 and comprises 320* hectares planted to varieties including Manzanilla, Frantoio, Kalamata, Barnea, and Picqual.

The properties and associated business and assets are to be to be sold on a Walk-In Walk-out (WIWO) basis in one line or as separate land parcels.

KARTE OLIVES-Karte

Karte Operation – 661 Karte West Road, Karte SA 5304

• Water Licence No. 8013-2 comprising 1,700* megalitres of Mallee Prescribed Wells Area (Green Zone)

• Located 38* kilometres northeast of Lameroo, 102* kilometres south of Loxton and 164* kilometres east of Murray Bridge

• Average annual rainfall of 320* millimetres

Olive Grove – Certificate of Title Volume 6185 Folio 638 S.13

• Total land area of 771.8* hectares including a 320 hectare Olive Grove planted at a density of 250 trees per hectare

• Varieties planted include Manzanilla (40,000 trees), Frantoio (28,000 trees), Kalamata (12,000 trees), Barnea (500 trees), and Picqual (500 trees).

• The grove is fully irrigated and supplied by 3 diesel powered 8 inch line shaft turbine pumping systems with computer controlled underground delivery to a combination of micro sprinkler and dripper outlets

• Tractors, plant and equipment to support the olive operation

• The grove produced 1,000* tonnes in 2020, 1,900* tonnes in 2021 and 1,000* tonnes in 2022

Adjoining Farm – Certificate of Title Volume 6185 Folio 637 S.11

• Total land area of 927.6* hectares

• Multiple site uses including irrigated crops, broad acre cropping and grazing land with the site previously being utilised for potato production

• 3 10inch irrigation bores

• Single-phase power

• Improvements include a manager’s home, three separate homes suitable for staff accommodation, and two large machinery and storage sheds, including a lockable workshop.


VIVA OLIVES - Loxton
Lot 101 Starcevich Road, Loxton SA 5333

• Total land area of 2.196* hectares with access via Starcevich Road

• Improvements include various warehouses with office/showroom including full olive processing plant capable of transforming raw olives into fully processed and packaged Table Olives and Extra Virgin Olive Oil, two cool-rooms with 422,000 litre olive oil storage capacity and dry storage.

• Viva Olives business, Logos, coprywrites and intellectual property

• Surplus vacant land

Lot 102 Mcfarlane Avenue, Loxton SA 5333

• Total land area of 2.665* hectares

• Development opportunity available suited to industrial, zoned Strategic Employment

• 374* metre frontage to Mcfarlane Avenue and 50 metre frontage to Starcevich Road

• Common boundary with Lot 101 Starcevich Road

FOR SALE BY EXPRESSION OF INTEREST.

For further information, please contact the agents:

Angus Bills
0400 859 6...

* Approx