RURAL & AGRIBUSINESS

Langhorne Creek to whet buyers appetite

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ALEXANDRA Vineyard in Langhorne Creek has been listed for sale with expectations of over $6.3 million, the second asset in a famous South Australian wine region to be offered within a matter of days.

The 105 hectare red grape varietal vineyard follows Rolf Binder in the Barossa Valley being listed by the long term family owners.

Located at 634 Lake Plains Rd in Lake Plains, Alexandra Vineyard was previously owned by BRL Hardy Ltd and has been set up to operate as a commercial vineyard.

Currently growing 100% red wine varieties, 93 hectares is planted to Shiraz, Cabernet Sauvignon, Cabernet Franc, Malbec, Petit Verdot and Sangiovese grapes.

Some 27.6 hectares was replanted in 2017/18 and a further 18.3 hectares in 2019, guaranteeing increased production in the coming years. The sale of the 2021 crop can be negotiated.

The site is 23 kilometres south east of Strathalbyn and 72 kilometres south east of the Adelaide CBD, and has water licences amounting to 300ML, including a 220ML River Murray licence.

CBRE Agribusiness’s Angus Bills and Phil Schell are managing the sale campaign on behalf of the vendor, Scaffidi-Muta Vineyards. Expressions of interest close 8th October.

“We are expecting offers in excess of $60,000/ha, and strong interest from existing industry participants, syndicates seeking investment in the wine industry and potential sale and leaseback opportunities,” Bills said, adding that the opportunity to secure a large scale vineyard planted to 100% red-grape varieties is quite rare.

“Alexandrina Vineyard is a high-quality offering in one of South Australia’s renowned wine regions, satisfying everything a purchaser would require in terms of scale, productivity, reliability, water security and sought-after grape varieties.”

Improvements include a four bedroom home, stone cottage, office, shedding, wash down facilities and irrigation infrastructure. A 95kW solar energy system provides the bulk of the property’s electricity, and an additional 10kW system with a Tesla battery supplies the home, which is currently rented.

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