Anyone who has ever wanted to become a vigneron and to move to the country and take over a long established and historic vineyard and winery will be interested to know that the Auldstone Cellars at 298 Booth Road at Taminick in the Glenrowan wine district is currently being offered for sale by Expressions of Interest.
With its viticultural origins dating back to the 1880s with the cellar building built in 1891 and occupying an ideal site in the Warby Ranges, the Auldstone Cellars freehold, restored buildings including the fully functional winery which has in the past crushed up to 80 tonnes of grapes, with a renovated 1940s style three-bedroom family homestead is listed for sale via the Wangaratta branch office of Ruralco Property.
Auldstone Cellars has been a labour of love for vendors Michael and Nancy Reid who bought the property in a rundown condition in October 1987 and set about its recovery.
Michael says “It has provided three people with a good living and I think you can conclude that we haven’t pushed the vineyard, or the hand crafted premium wines produced on the property or plumbed the full commercial potential.
“Our preference is to sell Auldstone Cellars on a Walk In Walk Out basis in full operational mode including the bulk and bottled wine stocks we hold as we head towards retirement.
“We believe this process will enable the new owner to begin operations with limited further capital investment”.
Michael along with Ruralco’s selling agent Malcolm Gunn anticipate that a WIWO sale price for Auldstone Cellars will be above $1.5 million.
On offer is the freehold of 37.58 hectares (or 93 acres) of which approximately twenty acres is planted to vines on highly productive red granitic soils.
Water resources are secure in the form of a 50 megalitre high security water right from Goulburn Murray Water which is used by a combination of overhead or under vine micro sprays.
“In the 2016 vintage just concluding we crushed approximately 20 tonnes of grapes off the vineyard but in earlier vintages we handled much more” Michael notes.
The vineyard is in six blocks planted to principally Shiraz and Cabernet, with some Chardonnay Riesling and Merlot.
There are also two blocks devoted to award winning Muscat styles.
Michael Reid notes that the dessert style wines have always been a feature of the Auldstone Cellars label and retained in the current wine stocks ís back vintage material of up to twenty-five years of age.
“About sixty percent of our wines sales are achieved through our cellar door which is currently open only Thursday to Sunday while the balance of our sales are into the local area.
“We have a small volume of wine sold into Melbourne and a little to Sydney where we haven’t sought to develop a market.
“So I believe a new owner-operator would have significant opportunity to grow the sales of table and dessert wines which in the main have achieved up to Five Star ratings from Australia’s best wine critics
“Our wines have regularly won Show awards at Rutherglen in particular”.
The physical assets on offer include the original 1891 brick and stone cellar and winery inclusive of a dining and tasting room which has been extensively restored together with the functional winery equipment.
There is additional infrastructure including an office/laboratory, storeroom and a machinery shed, one extra farm dam and all the watering infrastructure.
Ruralco Property selling agent Malcolm Gunn notes that the homestead offers three bedrooms, two bathrooms, a study, with two open plan living areas and offers a very comfortable lifestyle.
He adds that whole Auldstone Cellars package of land, vineyard and buildings presents in a very sound condition reflecting the energy and dedication that vendors Michael and Nancy Reid have invested in their nearly thirty years of ownership.
“Clearly this is a significant opportunity to acquire a lifestyle and wine business with the opportunity to capitalise on the location, history and a lot of future potential.
“The Taminick location is very accessible being only about ten minutes west of the popular Glenrowan township and tourist stopover with easy Hume Freeway connections and with district retail, education and services readily accessible.
“We are inviting offers by Expressions of Interest towards negotiating a sale with a handover to new owners that is mutually convenient” Malcolm Gunn adds.
Click here for more information or full property particulars are available on request to Ruralco Property Wangaratta office on 03 5721 6865 or their agent Malcolm Gunn on 0418 759 642.
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