A rare opportunity to purchase a vineyard in the tightly-held Loxton North in eastern South Australia has come onto the market.
Northern Kings Vineyard, a 25.27ha site across two titles at 362 Derrick Road, has been listed for sale by the King family.
The vineyard is planted to Shiraz, Cabernet Sauvignon, Merlot, Chardonnay, Semillon, Sauvignon Blanc and Colombard, and records consistently high production figures, with an average of 538.8 tonnes across the past four years.
Of its current output, 90% supplies The Wine Group and the remainder Limestone Coast Wines.
A full fertilisation and central irrigation program services both titles, which are 10km north-east of Loxton in SA’s Riverland Region and underpinned by sandy to brown-clay loam soils.
Improvements including Central Irrigation Trust (CIT) infrastructure, a variety of sheds and a two-bedroom home are part of the listing, along with a 173ML water licence and 240ML CIT water delivery right.
An Expressions of Interest campaign closing at 4pm ACST on August 27 is being managed by CBRE Agribusiness’ Angus Bills and Phil Schell.
“We don’t see a lot of properties changing hands in Loxton, which has proven a tightly-held region,” Mr Bills said.
“Northern Kings Vineyard is a chance to buy into this prime viticulture and horticulture area, and would suit an existing producer, neighbouring landowner or investor.”
About CBRE Group, Inc.
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.
