Melbourne, 10 November 2014 – Lake Marmal Vineyards in central Victoria has been listed for sale, offering a unique opportunity to invest in Australia’s burgeoning wine industry.
Situated between the townships of Charlton and Boort, the 298 hectare property comprises a substantial 172 hectare vineyard, which was established in 1998.
The vineyard, predominantly planted to Shiraz (67%) and Cabernet Sauvignon (27%) varieties, with the remainder comprising some minor plantings of Durif, Mourvedre and Sangiovese, has a current grape supply agreement in place until 2018 with one of Australia’s largest wine producers.
CBRE Agribusiness’ Chris Holgar, James Beer and Phil Schell have been appointed to sell Lake Marmal Vineyards by way of Expression of Interest.
Mr Holgar said the property represented an outstanding opportunity to acquire a mature, well-irrigated vineyard that boasts significant potential for future development.
“This established vineyard has a current grape supply agreement with one of Australia’s largest wine producers, allowing the successful purchaser to benefit from guaranteed income for the immediate future,” Mr Holgar said.
“Furthermore, the vineyard also benefits from excellent irrigation infrastructure, which supports the current operation, with capacity for further expansion.”
Mr Holgar said the property’s location in a favourable climatic region was also likely to be a key selling factor.
“Central Victoria’s typical dry summer and autumn conditions support effective and highly efficient viticulture practices that help promote an optimal growing operation,” Mr Holgar remarked.
“Additionally, the region is also low-pest, with this property’s vines having never required insecticide applications and only minimum fungicides in accordance with standard viticulture practices.”
Lake Marmal Vineyards feature various structural improvements including a main residence, office/cottage, machinery shed, chemical shed, two hay sheds and several workshops.
The Expression of Interest campaign closes on Tuesday 16 December 2014 at 4:00pm AEDT.
For more information, please contact CBRE’s Chris Holgar (0411 177 167), James Beer (0416 859 565) or Phil Schell (0418 809 849).
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