The third quarter is winding down, but the market is still hot. If you’re willing to dig deep, hold the line and keep your foot on the gas, you can ensure your business will have a strong fourth quarter.
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Day: August 20, 2020
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Stonehaven Winery, 7089 Riddoch Highway, Padthaway, SA. Supplied.
THERE’S a huge push for locally grown and manufactured goods in the wake of COVID-19, and this property gives you the perfect opportunity to be the proud owner of an internationally renowned SA winery.
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Stonehaven Winery, at 7089 Riddoch Highway, Padthaway, has hit the market, offering a savvy investor the chance to own a 68.55ha business, established vineyards and all the trademarks and brands associated with the property.
On the market through Colliers International’s Agribusiness’s Tim Altschwager and Nick Dean, the property is the largest winery in the Padthaway region and features 36ha of merlot, verdelho, cabernet sauvignon and viognier vines.
“It is distinguished by its strategic location servicing the Limestone Coast zone, including other famous wine regions, such as Coonawarra, and its striking presence overlooking the Riddoch Highway,” Mr Altschwager says.
“Stonehaven Winery is a modern, well equipped facility capable of crushing 12,000 tonnes and features 10.7 million litres of stainless steel tank storage.
Stonehaven Winery, 7089 Riddoch Highway, Padthaway, SA
“The winery is supported by an architecturally-designed cellar door/function facility, an administration complex and a manager’s residence.
“The barrel store is temperature controlled with a capacity of over 10,000 barrels.”
The winery has a proud history of producing quality wines and was awarded the International Winery of the Year in 2001.
“Stonehaven Winery was commissioned in 1998 by Constellation Brands, the world’s largest wine company at the time,” Mr Altschwager says.
The winery is currently leased, with that contract expiring in June 2021. Mr Altschwager says the current tenant would consider an extension.
Stonehaven Winery, 7089 Riddoch Highway, Padthaway, SA
As well as the vines and winery infrastructure the property also features a 10.5 ha woodlot.
“There have been a few come on the market in recent times, but something of this standard in a highly recognised red wine producing region – it’s a very good asset,” Mr Altschwager says.
“It will attract a broad target market because it could be an existing vigneron who has a lot of vineyards and wants to go up the supply chain and process fruit for their own brand and market that way.
“It’s quite a large processing facility and it could also process fruit to go into the export market, so it’s a really good asset for that.
“As it is leased, investors look at buying in – it lends itself to quite a few different types of buyers.”
Stonehaven Winery, 7089 Riddoch Highway, Padthaway, SA
Mr Altschwager says the vineyard’s location is an enormous drawcard.
“It’s pretty close to Coonawarra, Wrattonbully and some really high profile good quality regions and the access to fruit is quite good, and it’s also not too far from the Riverland as well, so if someone wanted to pull fruit from other regions, they can too,” he says.
Stonehaven Winery is for sale by expressions of interest, closing Friday 18 September.
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