Colliers International has been appointed to sell one of the Bellarine Peninsula-Geelong wine region’s most well-known assets, Scotchmans Hill.
The assets of the business, known as Scotchmans Hill Group, were appointed by receivers Kate Warwick and Guy Edwards of PwC Partners and is for sale by Expression of Interest.
The sale incorporates the Scotchmans Hill winery and vineyards at Drysdale, along with wine-processing facilities, cellar door, inventory and the vineyard's famous brands.
Colliers International’s Nick Dean said Scotchmans Hill was established in 1982 and has evolved into one of the largest and best wine producers in the region.
“This award-winning business produces around 160,000 cases of wine across a dozen different labels,” Mr Dean said.
“The winery and cellar door enjoy stunning views over Port Phillip Bay to Melbourne.
“The property includes about 49 hectares of vines as well as other land magnificently positioned on the Bellarine Peninsula.”
The land comprises four titles and includes three residences. The sale does not include The Hill winery (formerly known as Pettavel) near Waurn Ponds, although there is a leasehold interest.
Tim Altschwager from Colliers International said Scotchmans Hill was one of the region’s most well-known and successful wineries.
“The Scotchmans Hill brand is very well known, particularly on the eastern seaboard,” he said.
“It encompasses estate wines from its own vineyards as well as wine from selected regions, including Marlborough in NZ.
“Its assets include valuable rural living real estate strategically located near Geelong, on the high point of the Bellarine Peninsula.
“We anticipate the brand will attract a deal of interest from wine industry participants and investors, and we also expect enquiries from people interested in the land and perhaps also from the tourism sector.
“The combination of the brand, the proximity to Melbourne and the attractions of the immediate region, are very appealing.”
Expressions of Interest close on 14 November 2013.