Chapel Olive Oil grove may answer a prayer
Aerial view of Chapel Olive Oil groves and property on the Kaipara Harbour foreshore.
An award winning Northland olive grove less than two hours’ drive north of Auckland, and including a small lake and a home made from a renovated Remuera chapel with its original features, is up for auction.
Chapel Olive Oil is located at 46B Merril Road on the Kaipara Harbour foreshore off State Highway One, lying between Paparoa and Matakohe.
The sale encompasses the 8.3 hectare property on two titles, several buildings and the olive oil producing business.
The property with a capital valuation of $645,000 is being marketed by Murray Lynch and Stewart Ruddell of Bayleys Whangarei and will be auctioned on November 19.
Created in 2005, the olive grove has won several awards for the quality of its oil, including gold and silver at the Oliveti Extra Virgin Olive Oil Awards; and champion and silver placings at the Royal New Zealand Easter Show.
More than 1300 olive trees, comprising the Italian varieties Frantoio and Leccino and the Greek variety Koroneiki, were established over a four year period and are now in full production.
“These varieties stand up well to the prevailing south westerly winds so are well-suited to the area,” Ruddell says.
Chapel Olive oil is currently selling to New Zealand markets – with annual sales of oil currently exceeding $40,000. Only 43 per cent of the grove was picked this year, yielding 1550 litres of oil – a significant increase from 2011 when 100 per cent of the grove yielded 800 litres.
Ruddell says the figures indicate the considerable growth potential of the business.
“There is plenty of room for a new owner to further develop olive oil production and continue this growth trend. In addition there is an opportunity to diversify the business product range, for example olive oil-based hair and skincare products.”
Also on the property is a three-bay shed, a strand of native bush running down onto the eastern shores of Kaipara Harbour and a small lake.
Lynch says the property offers an opportunity for a new owner to invest in a reputable business within a growth industry.
“In New Zealand and overseas people are consuming more olive oil. This property presents an opportunity for a new owner operator or investor to walk in and take over a highly-regarded property and a wonderful lifestyle,” he says.
“In addition, the new owner can move into a stunning, secluded and distinctive home in a sought-after location. This stylish dwelling encompasses a renovated chapel, which gives the property and business its name.”
Originally the Church of the Good Shepherd at Arney Rd, Remuera, Auckland, the chapel was moved onto the property, renovated and became a three-bedroom home featuring a study, spacious living areas and two bathrooms.
The renovated chapel retains the original entrance doors, mahogany veneer ceiling, and laminated pine portals. The original raised alter also remains and has been converted into a formal dining area. A kwila wood deck wraps around three sides of the home, providing easy indoor-outdoor living and entertainment areas.
Lynch says global consumption of olive oil has increased in the past 10 years due to its publicised health benefits. “It is a good source of mono-unsaturated fats and is considered to protect against primary heart disease and other conditions, and to contribute to longevity,” he says.
“Kiwis are consuming twice as much olive oil as they did five years ago, generating a multi-million industry. The quality of New Zealand olive oil is extremely high, with strong demand in the retail and food service markets, both here and overseas, for good quality oil.
“This is an opportunity to invest in a slice of the well established Northland olive oil industry, which is now world-renowned.”
The location is ideal for a family contemplating a lifestyle change with Paparoa Primary School, Otamatea High School and Ruawai College all close to the property.