Image courtesy CBRE
One of Australia’s largest vineyard holders, Duxton Vineyards, is moving to sell two of its NSW properties.
Angus Bills and John Harrison from CBRE Agribusiness have been appointed to market the ‘Hollands Lake Road’ and ‘Gol Gol’ vineyards, located in Coomealla and Gol Gol respectively.
Duxton Vineyards owns and operates 2,400 hectares of vineyards across the Southern Murray Darling Region. The two properties up for sale comprise a total land area of 222.75ha, with 205.64ha planted to Shiraz, Chardonnay, Merlot, Pinot Grigio and Cabernet Sauvignon.
Stage one of the two stage Expression of Interest campaign will close on Wednesday 16 October 2024, with price expectations of $25,000 to $30,000 per hectare.
The vineyards are located within the Western Murray Irrigation trust area and are offered with 1,592 delivery entitlements. Soils across the properties include deep red sandy loams over limestone and clay.
There are a total of 16 certificates of title, with property improvements including two dwellings, three machinery sheds, an office and sundry shedding.
The vineyards have a combined price expectation of approximately $5.5 million inclusive of associated delivery entitlements, with the plant and equipment to be negotiated throughout the sale process.
“Duxton is also offering a grape supply contract to the incoming purchaser, which is a key benefit if they’re seeking to increase their vineyard footprint,” said Bills.
“We expect interest from current industry participants alongside local producers and groups seeking development opportunities.”
The vineyards are being offered for sale in one line or as individual properties.
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