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Friday, 19 July 2024

Tasmanian wine businesses on the market



One of Tasmania's highest-profile wine producers is for sale, along with several smaller wineries and vineyards.

The huge Nocton Park property, just outside Richmond in the Coal River Valley, hit the market this week with Nutrien Harcourts offering the business for sale by expressions of interest closing on August 30.

The Nocton property includes 608 hectares on three titles with 35 hectares of vineyards planted largely with pinot noir, chardonnay, merlot and sauvignon blanc.

Much of the fruit used to be sold but is now released under the Storm Bay and Nocton labels. The cellar door facility is also part of the sale.

Also for sale is the former Panorama Vineyard, now called Lucille, at Cradoc in the Huon Valley south of Hobart.

Planted mainly with pinot noir, and a small amount of chardonnay, the vineyard is currently owned by the Lubiana family.

The property has a mothballed winery complete with offices, cellar door, bottling plant, and a climate-controlled barrel hall housing 300 barrels. It encompasses five freehold titles, with approximately 9.3 hectares of vineyards.

Brownwood Vineyard, with 17.6 hectares of vines planted in 2019 with pinot noir, chardonnay and riesling, is also available to buy in the Coal River Valley.

Other wine businesses for sale in Tasmania include Velo at Legana, just north of Launceston, where vines were first planted on site in 1965.

Velo has a modern cellar door and Timbre Kitchen, with chef Matt Adams as a key tenant. It is offered with all plant/machinery, the business, wine club and stock

Nearby Brook Eden at Lebrina, planted in 1988 was enlarged in 2015 to complete three hectares of vines. It is for sale, along with Winter Brook at Loira in the Tamar Valley, which has 3.2 hectares under vine and a further 0.8 hectares in preparation for planting.

Opportunities abound. 


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