Limestone Coast vineyard on the market

Limestone Coast vineyard on the market

An 80.56ha property in Bool Lagoon in South Australia’s renowned Limestone Coast wine-growing region has been listed for sale.

Mustering Paddock Vineyard pairs a highly-productive 53.5ha planted to Cabernet Sauvignon (42.5ha) and Shiraz (11ha) grapes with a further 27ha suited to livestock grazing.

The vineyard was established by Roger and Sally Haynes in 1999 and has been operated and managed by the family since. The settlement of the property is to occur after the 2021 vintage is harvested.

The current grape supply contract includes Tranter Wines for the 2021 crop, with the previous year’s grapes sold to Casella.

Average yields have consistently reached 10 tonne/ha for Shiraz and 12 tonne/ha for Cabernet Sauvignon, under the management of the Haynes Family.

Mustering Paddock Vineyard is approximately 27km north-west of Coonawarra, 28km south-west of Naracoorte and 450km south-east of Adelaide.

The site has been professionally developed, including bitumen and limestone road access with a central laneway and modern irrigation infrastructure.

Water licences total 313.6ML in an area that receives reliable rainfall, with Coonawarra recording an annual average of 577mm.

The property is underpinned by fertile soils including loam over brown and red clay, with small sections of sandy loam on clay.

Improvements include a Colorbond shed with separate staff quarters and office, a second machinery shed and single and three phase power.

CBRE Agribusiness’s Angus Bills and Phil Schell are managing the campaign on behalf of the Haynes family, with Expressions of Interest invited by 4pm ACST on April 15, 2021.

The property is being offered for sale on a walk-in, walk-out basis with extensive plant and equipment to be negotiated if required.

“Mustering Paddock Vineyard is a reliable and productive vineyard, and a prime opportunity to buy into the Limestone Coast wine-growing region,” Mr Bills said.

“It is a well-equipped, turn-key operation, with its viticultural opportunities accompanied by grazing land for livestock.”

Mr Schell added: “We expect interest from existing vineyard operators and local landowners looking to expand, and investors seeking sale and leaseback opportunities.”

Source: CBRE Group, Inc