One final opportunity to buy a part of the Agosta Vineyards in Loxton in South Australia’s renowned Riverland viticulture and horticulture region remains, following an initial $1.638 million sale.
A 295ha landholding features a 72ha vineyard accompanied by 105ha of cropping land and areas planted to almonds, olives and citrus fruit, and was divided into four components for sale.
Three of those totalling 256ha, including the primary vineyard and a 100ML water licence, were snapped up by a local, private buyer.
The remaining 39ha across three crown leases, the Home Farm lot at 154 Kibby Road in Loxton would suit viticulture or horticulture development and is valued at $950,000.
The parcel has grown grape varieties including Grenache, Mataro, Cabernet Sauvignon, Chenin Blanc, Gordo, Ruby Cabernet, Merlot and Shiraz, and is attached to a 325ML Central Irrigation Trust water delivery right.
Home Farm is approximately 6km from the Loxton township within the key irrigation district in South Australia’s east, while improvements on the site include three houses and shedding.
CBRE Agribusiness’ Angus Bills and Phil Schell are managing the sale by Private Treaty.
“South Australia’s Riverland region is well-known for viticulture and horticulture production,” Mr Bills said.
“The last piece of the Agosta Vineyards, Home Farm represents a well-located development opportunity for an existing operator looking to expand their presence in the area.”
The already-sold Main Farm (236ha) parcel features cropping land and grape, almond and olive plantations, while the Gratwick Road Farm (11.17ha) and Kibby Road/Dorsch Avenue Farm (8.99ha) lots pair wine and orange production.
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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
