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The good oil on Barossa Valley olive grove sale

Business

UPDATED: One of the Barossa’s biggest commercial olive groves will be up for auction next week, after going on the market for the first time in 20 years.

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Situated roughly 14km from Gawler, the property at 67 Winton Road has produced Barossa Rosedale Park Olive Oil for about 20 years.

Spanning more than 50 hectares, the site supplies olive oil to grocers including Foodland and Drake’s in South Australia, New South Wales, Queensland and West Australia.

Property owner Doug Clark said the oil was also sold overseas.

“It’s been an amazing journey to get to where we are now – from local markets – to exporting all over the world with 13 different flavours. Although, our main focus is the domestic market,” Clark said.

“The market for olive oil has quadrupled in price and value in the last 10 years and the brand has such a strong reputation – people are willing to pay a premium for it.

“The product itself sells really well and the demand is particularly strong. There’s more demand than we can provide for simply because people want an award-winning olive oil.”

The Australian Olive Association said the past few years had been tough for producers due to difficult growing conditions.

“The upside, though, has been a steady increase in oil quality and improved prices,” it said.

“Market research shows that Australian consumers are also increasingly seeking out high quality locally-produced EVOO (olive oil) and table olives.”

The house on the olive grove property.

Relator Darren Pratt, from Ray White Barossa Valley, said the Barossa Valley property had been owned by the one family for about 50 years, and produced olive oil for 20.

“They’ve owned the property for a number of years now and it’s a really successful business,” Pratt said.

“It was a project to put the olive grove in and while they had the olive groves there, they used to farm deer on … which is also one of the benefits of the property, you can have animals horses, sheep, anything like that,” Pratt said.

“I think one of the huge benefits is most of the boundary is made up of the North Para River … so, there’s water available all year round.”

Pratt said the business could be purchased as an olive oil business or a “lifestyle property.”

“Potentially, there is a passive income for the new owner, with a long-term tenant available to lease the olive grove to make your lifestyle property also an income producing home,” he said.

The house itself is brick Federation-style and includes three bedrooms and a study, two bathrooms and separate toilet and an underground cellar.

The property is being sold by Ray White Barossa Valley through an online auction on June 17, unless purchased prior.

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