An opportunity to become a part of Australia’s growing wine industry has come available after the Central Melbourne Lake Marmal Vineyard has been put on the market.
The 172-hectare vineyard is situated on a 298-hectare property between the townships Charlton and Boort and was established in 1998.
The vineyard has been planted predominantly of Shiraz (67 per cent) and Cabernet Sauvignon (27 per cent), with the remainder of the vineyard being planted of minor amounts of Durif, Mourvedre and Sangiovese.
There is also a current grape supply agreement in place with one of Australia’s largest wine producers until 2018.
CBRE agribusiness’ Chris Holgar, James Beer and Phil Schell have been appointed to the sell Lake Marmal Vineyard through expressions of interest.
Mr Holgar said the property represented an opportunity to possess a mature, well-irrigated vineyard that holds significant opportunity for future developments.
“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.”
It is also expected that the location of the property to favourable climates will also be a large selling point.
Lake Marmal Vineyards features a main residence, office/cottage, machinery shed, chemical shed, hay sheds and workshops.