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Tuscany Olive Grove, milling operation and Villa for sale - privately offered
This estate is 21.25 acres and is nestled in a quaint, historic
village just minutes from Florence. This magnificent value-added investment opportunity offers private residence, income generating olive press operation, and thriving orchard and small vineyard. One could expand commercial operations to include additional wine grapes or additional olive grove. There are two traditional Italian rustic structures on the property. The residence occupies three levels and 5,920 square feet. The main flat contains two large bedrooms and the upper floor is configured with five oversized bedrooms, each approximately 180 to 200 square feet. The farm building is two stories and offers 1,937 square feet of work space and pressing operations. This Classic Tuscan Villa was built at the end of the 19th century and has been in the current owner's family since 1915. Currently, about one third of the land is planted with mature olive trees, most of them are between 20 and 25 years old. The available land can support up to 7,000 trees. The olive pressing operation has been in continuous service since 1920. The operation is generating between $120,000 and $145,000 per year. The operation is functioning at a minimum capacity as less than one third of the available land is currently planted. Estimated full capacity would require 7,000 trees, presently about 900 mature trees of three varieties - Frantoiani, Leccini, and Maraioli and a small vineyard, 10,000 square meters comprise the operation. All olive pressing equipment is in working order and is included in this sale - the estimated value is $300,000. The operation has a private label Olive Oil. The operation serves a local customer base in an area with a radius of about 30 miles. Their product, a fine Tuscan Olive Oil sells locally for between $11 and $21 per liter. Other local growers have successfully marketed their private label product internationally. The local area is home to an international population with many full- time and vacation home residents from the US, Germany and the UK. Some have undertaken full residential conversions on similar properties. Another popular transition for such a property is Agritourism. This property is offered at $4.8 million US. Please feel free to contact me for further information, photographs and a Microsoft Power Point Presentation. In addition, we have growing and milling operations for sale in Australasia and are looking for investors for a proposed new factory in the Americas. Last edited by AdminOliveOil : April 4th, 2006 at 01:46 PM. |
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