Sydney, 20 May 2016 – One of New South Wales’ largest vineyards is being offered to the market, either for sale or lease.
Dunvar Vineyard comprises a 902 hectare landholding with 608 hectares planted to Shiraz (170 hectares), Pinot Grigio (236 hectares) and Chardonnay (202 hectares).
The vineyard is located in the Riverina District of New South Wales, one of Australia’s most agriculturally diverse regions, approximately seven kilometres from Darlington Point.
CBRE’s Col Medway and Richie Inglis have been appointed to sell or lease the property by an Expressions of Interest campaign.
Mr Medway said Dunvar Vineyard represented an outstanding opportunity to secure an extensively developed and highly productive vineyard in a renowned agricultural region.
“Dunvar Vineyard is a commercial scale operation that offers a potential purchaser or tenant the ability to secure a significant quantity of fruit,” Mr Medway said.
“The property is underpinned by high quality fit-for-purpose infrastructure and substantial water entitlements, and a further 120 hectares is also available for additional plantings.”
The property features significant water entitlements, including 1,372 megalitres General Security Water Entitlement (Murrumbidgee River), 333 megalitres Lower Murrumbidgee Deep Groundwater Licence (Zone 1) and 1,888 megalitres Lower Murrumbidgee Deep Groundwater Licence (Zone 2).
The property also benefits from numerous structural improvements, including a manager’s residence, office, storage shed, four machinery sheds and workshop.
Expressions of Interest close Thursday 16 June at 4pm.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.