The olive tree at 2 Albert Hill Road, Lilydale, is significant. The wider setting of the tree, comprising the concrete carpark surface and asphalt surface on Cave Hill Road, is not significant.

The tree is of local historical significance to the township of Lilydale and Yarra Ranges Council more broadly.

This Olive tree is a solitary remnant planting of a former group of trees along Cave Hill Road, adjacent the former wine store. It now stands in a small reserve on the edge of the road with concrete paved surrounds associated with the Lilydale 7-Eleven Service Station.

 

The Olive Tree is of historical significance to the township of Lilydale as a remnant planting dating from the 1880s, associated with the former Deschamps Wine Store. It is considered to be one of the oldest remaining trees planted in the township of Lilydale.