Estate Living Digital Publication Issue 9 September 2015 | Page 24

ESTATE REVIEW A lifestyle like no other CROYDON OLIVE ESTATE Resting amongst the magnificent Helderberg mountain ranges in Somerset West is the Croydon Olive Estate, a charming estate offering homeowners a rare opportunity to live on an operational olive farm without having to work on one. Croydon Olive Estate is entirely independent from neighbouring Croydon Vineyard and was born out of a desire to create an estate that not only offered a secure family centred lifestyle, but was also financially sustainable in the long-term. Unlike other estates, which encompass extremely expensive golf courses, Croydon Olive Estate is unique in that it offers private open spaces with a measurable return on investment, reducing the financial burden on the Homeowners’ Association (HOA), yet still retaining a wonderfully enhanced standard of living. Representing the warm Mediterranean, the olive is a graceful and timeless evergreen tree that is long living and works very well in the South African climate. Just over seven hectares of the 34-hectare Croydon Olive Estate is used for farming olives and each residential plot backs onto an olive orchard. Although very much in its infancy, it is anticipated that the sales of olives to local businesses and residents will be profitable in creating ongoing revenue for the estate. The developers have created a standalone company that will market the olives and bottles of olive oil produced and, once the estate has been completed in its entirety, will transfer ownership of this company to the homeowners. Up until then, the developer has undertaken responsibility to subsidise any operational shortfalls and ensure that