Images courtesy CBRE

Duxton Vineyards, which is one of Australia’s most substantial vineyard holders, has reportedly sold off two of its New South Wales vineyards, with the buyer and purchase price kept under wraps.

The properties were listed for sale in September last year, after it was reported that the company hit “payment strife” and laid off 13 staff, according to The Weekly Times.

The Hollands Lake Road and Gol Gol properties are located in Coomealla and Gol Gol respectively (in the far west of NSW), and comprise a total land area of 222.75ha, with 205.64ha planted to Shiraz, Chardonnay, Merlot, Pinot Grigio and Cabernet Sauvignon.

“Details about the buyer and price of the sales of the Hollands Lake Road and Gol Gol vineyards remains undisclosed due to confidentiality arrangements,” reported The Weekly Times.

Angus Bills and John Harrison from CBRE Agribusiness were appointed to market the ‘Hollands Lake Road’ and ‘Gol Gol’ vineyards, and combined, the vineyards were expected to fetch approximately $5.5 million (inclusive of associated delivery entitlements, with the plant and equipment to be negotiated throughout the sale process), with price expectations of $25,000 to $30,000 per hectare.

Angus Bills said in September that Duxton would also offer a grape supply contract to the purchaser.

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