THE VISION
The existing Simunovich Olive Estate property and business infrastructure offers multiple future use opportunities for any new owner.
The various business streams already operating on site offer sound foundations for the property to expand both its primary production and hospitality operations.
With substantial portions of the property currently used as stock grazing land, from a primary produce perspective, there is an opportunity to either increase the number of olive trees or add additional high-value crops such as avocados, berries or lavender.
Alternatively, looking at what the Bracu entities offer, a new owner-operator could vertically integrate the venue’s hospitality and function centre offerings by developing an on site accommodation element to the property. At present, this aspect is completely absent from Bracu’s service offering.
Subject to Council approval, there is ample space and existing internal roading to support high-end terraced residential units, standalone cabin spaces, or to maintain the location’s links with its original farming roots, older-style relocatable villas could be brought on site.
With a rural environment and pastoral outlook, a destination “glamping” operation would also be an option.
Additionally, there is also the opportunity for each of the individual lots to be sold separately.
43 Main Road, which houses the restaurant and pavilion, could be separated off and sold with its 2.548 hectares as a standalone business.
The viability of this option is enhanced given the road frontage for profile, ease of access for buses, and a large carpark area, which would facilitate and streamline this business operation.
27 Farr Road is a large grazing block suitable for dry stock and could be sold separately to any of the adjoining olive business operation.
49 and 49A, Farr Road (5.87 hectares) can be sold as one business in three titles encompassing all the olive trees, the olive press and commercial buildings.
31 Main Road can be sold as a small lifestyle block with a modern three-bedroom home.