Established Income with Development potential!
Thinking of retirement and looking for an added income stream or looking for a place to enable you to work from home and raise your family in a healthy rural environment. This is it! This Magnificent, established, 27.5 acre Olive Grove provides an annual income with zoning for future property development. Located at Waikerie South Australia, the Gateway to the Riverland. The Riverland region is renowned for its world class vineyards, orchards, wineries, and locally grown produce. This property has an established annual income, an approved home site and future sub-division potential .
At a glance;-
• 4300 Mature Olive Trees - Chemical Free: Immerse yourself in the lush and thriving olive grove boasting a stunning collection of 4300 mature olive trees. These trees, aged 27 years, have been chemical-free for over six years, ensuring premium quality olives.
• Potential for Profit: Harvesting 60 tonnes of chemical-free olives this year, the property has shown its capacity to yield a substantial harvest. With invoices available, the current owners produced 8550 litres of premium quality Extra Virgin Olive Oil (EVOO). Anticipate an even bigger harvest next year, providing an opportunity to retail your own chemical-free oil at a conservative $30.00 per litre or pickle and sell Table Olives directly.
• Modern Shed and Irrigation System: Enjoy the convenience of a newly constructed, modern shed measuring 12m x 9m x 7.5m, equipped with a concrete apron and 3-phase power to cater to all your future processing needs. The property includes a newly installed irrigation pump, filtration system with 4 new valves.
• Irrigation is operated remotely via a mobile app and backed by access to 85.7 megalitres of water rights, delivered via CIT irrigation mains, direct to the property.
• DA Approved for Two Residences: Benefit from the convenience of being just 3 minutes (3.0 km) away from the town centre. This property comes with DA approval for two residences, allowing for a primary dwelling and an ancillary unit, offering flexibility and potential for extended living options.
• Dual Zoning: Take advantage of the property's horticultural living zoning, which allows for potential tourist accommodation such as multiple cabins (STCA) on a significant portion (90,000 m2). Additionally, the southern portion (22,000 m2) is zoned rural living, providing the opportunity for the subdivision of at least four 4,000 m2 blocks.
Don't miss out on this chance to embrace a fulfilling and profitable lifestyle in the midst of Australia’s finest produce Region! Seize the opportunity, secure your slice of natural beauty and potential prosperity today! To discuss this exceptional property and explore the endless possibilities it offers
Call Cary Hocking on 0488 414 460
RLA 269823
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