OFF MARKET

661 Karte West Road
Karte SA 5304

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 16990000m2
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Property Details for 661 Karte West Rd, Karte

Building Type
Rural
Land Size
16990000m2
Local Government
Southern Mallee
Lot/Plan
S11/H730700

Last Listing description (June 2023)

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 orchard 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
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.

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 (42,000 trees), Frantoio (28,000 trees), Kalamata (10,000 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 orchard produced 1,000* tonnes in 2020, 1,900* tonnes in 2021 and 1,000* tonnes in 2022

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:

Phil Schell
0418 809 849

Angus Bills
0400 859 634

Property History for 661 Karte West Rd, Karte, SA 5304

A timeline of how this property has performed in the market
Last Sold
$2,000,000
02 Jun 2023
  • 02 Jun 2023
    Sold for $2,000,000
  • 14 Oct 2022
    Listed for Sale Contact Agent
  • 02 Dec 2016
    Sold for $475,000
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About Karte 5304

The size of Karte is approximately 392 square kilometres. It has 3 parks covering nearly 7.7% of total area. The population of Karte in 2011 was 410 people. By 2016 the population was 21 showing a population decline of 94.9% in the area during that time. The predominant age group in Karte is 0-9 years. Households in Karte are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Karte work in a managers occupation. In 2006, 17.5% of the homes in Karte were owner-occupied compared with 69.7% in 2011..

Karte has 51 properties. Over the last 5 years, Houses in Karte have seen a -7.97% decrease in median value. As at 31 August 2024:

  • The median value for Houses in Karte is $159,706.
There are currently no properties listed for sale, and no properties listed for rent in Karte on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Karte.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.