You Can Now Buy This Karoo Farm With A Guesthouse – And 30 Tons Of Olives

Olive Grove Guest Farm (Image provided)

  • Olive Grove Guest Farm, a 5,170-hectare property located about 21 kilometers from Beaufort West, is heading to the auction.
  • The income-generating farm includes a 13-hectare olive grove that is expected to produce 30 tons of olives at harvest in May.
  • It also includes the 3-star rated Olive Grove Guest Lodge, which has brought in over R5 million over the past three years.
  • For more stories, go to www.BusinessInsider.co.za.

A 5,170 hectare farm in the Karoo will be auctioned in March. The sale includes an extensive olive grove, due to be harvested in May, a 3-star guest house, self-contained chalets, game and a solar farm development.

Located 21 kilometers outside of Beaufort West, along the N12 motorway, is the Lombaardskraal farm. A 13-hectare olive grove makes the property an oasis in the arid Karoo landscape. A 23-hectare dam and four boreholes support flora and fauna. Blue Wildebeest, Zebra, Gemsbok, Blesbok and Springbuck roam the property.

Karoo farm for sale

Olive Grove Guest Farm (Image provided)

All of this, and more, will be auctioned off as a live business on March 9. Only furniture from the main four-bedroom residence on the property will be excluded from the sale.

The auction, facilitated by the High Street Auction Company, will see Olive Grove Guest Farm – part of Lombaardskraal – go under the hammer.

Karoo farm for sale

Olive Grove Guest Farm (Image provided)

The property, listed as an income-generating farm, has two significant sources of income: hospitality and olives.

Karoo farm for sale

Olive Grove Guest Farm (Image provided)

All olives on the property are harvested, manufactured, bottled, labeled and sold by Olive Grove Guest Lodge. The upcoming harvest in May, included in the sale, is expected to produce around 30 tonnes of olives. This equates to approximately 4,000 liters of olive oil. A 500ml bottle of farm-produced olive oil sells for around R90.

Karoo farm for sale

Olive Grove Guest Farm (Image provided)

“Staff working for Olive Grove Farm know how to process the harvest and use the on-site manufacturing facility to produce, bottle and label all products,” notes the High Street Auction Company.

Karoo farm for sale

Olive Grove Guest Farm (Image provided)

The 3-star rated Olive Grove Guest Lodge has been in operation for approximately 20 years. It offers six bedrooms with en-suite bathrooms and seven independent chalets, each with two bedrooms, a bathroom, a living room and a kitchen.

Karoo farm for sale

Olive Grove Guest Farm (Image provided)

The farm also includes several campgrounds, a licensed restaurant, a helicopter landing pad, a guest pool, and a wedding venue that can accommodate up to 200 people.

Karoo farm for sale

Olive Grove Guest Farm (Image provided)

The guest lodge recorded revenue of R2.3 million in 2019, before the pandemic hit and halted leisure travel in its tracks. In the past two years, he has made over R3 million.

“The property in question lends itself to a variety of possible uses including olive, sheep and game farming, hospitality, as well as future expansion capacity for agriculture and other income-generating businesses. – one of which is the option of a solar farm” says the auction company.

Karoo farm for sale

Olive Grove Guest Farm (Image provided)

An option agreement with Mulilo Renewable Project Development allows exclusive development rights for a solar farm, valid until December 31, 2029. The 75 MW solar farm will occupy 1,200 hectares, divided between four farms of 300 ha each. It depends on the success of the environmental impact studies.

“If the option is exercised, the new owner will receive a monthly income from Mulilo based on the production from the development of the solar project.”

(Compiled by Luke Daniel)

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