An auction to realise the historic, long established Auldstone Cellars home, vineyard and cellar door at 296- 298 Booth Road at Taminick in the Glenrowan wine district will be conducted by the Wangaratta office of Ruralco Property Rodwells on Friday 21 April at 2pm.
Next day a substantial clearing sale of vineyard and farm machinery including a large variety of winemaking and laboratory equipment that has been used in previous vintages along with bulk wine and bottled stocks will be conducted on Saturday 22 April from 9am.
The two auctions are to enable Auldstone’s vendors Michael and Nancy Reid who have held the property and operated the winemaking business for the last thirty years to retire
With its viticultural origins dating back to the 1880s with the cellar building built in 1891 and occupying an ideal site at the foot of the Warby Ranges, the Auldstone Cellars freehold, restored buildings including a renovated 1940s style three-bedroom family homestead has been listed for sale via the Wangaratta branch office of Ruralco Property for some months
Ruralco Property’s selling agent Malcolm Gunn says “while we received numerous WIWO offers on the vendors behalf none was in accord with our expectations.
“As a reflection of Michael Reid’s determination to retire he has elected to put the entire property up for auction on a property and clearing sale basis.
“Auldstone Cellars has been a labour of love for the Reid’s 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 we haven’t pushed the vineyard, or the hand crafted premium wines produced on the property or plumbed the full commercial potential.
“While our preference was to sell Auldstone Cellars on a WIWO basis in full operational mode including the bulk and bottled wine stocks as we believed that this would enable the new owner to begin operations with limited further capital investment we have now revised our retirement sale plans”.
Ruralco’s selling agent Malcolm Gunn anticipates that offers for the freehold, plus the buildings and vineyard will be in an expected selling range of $750 to $850,000.
For auction on Friday 21 April at 2 pm 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 included with a 10 megalitre high security water right from Goulburn Murray Water which is used by a combination of overhead or under vine micro sprays, or a higher licence volume by negotiation.
In recent vintages the grape crush has been approximately 20 tonnes of grapes but with much higher potential.
The vineyard is in six blocks planted to principally Shiraz and Cabernet, with some Chardonnay Riesling and Merlot with two more devoted to award winning Muscat styles.
Auldstone wines especially the dessert styles have regularly won Show awards at the local Rutherglen Wine Show 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.
There is additional infrastructure including an office/laboratory, storeroom and a machinery shed, one extra farm dam and all the watering infrastructure.
The vendors will enter a leaseback of the cellar door building for twelve months to enable them to clear any carryover stocks of their wines with vacant possession given for the house and the balance of the property.
The grapes from the current vintage have not been harvested but are in fine shape should the purchaser wish to continue the wine operation.
Ruralco Property’s 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 the vendors have invested in their thirty years of ownership.
“Regardless of whether the property sells we will then move to the clearing sale on Saturday 22 April when hundreds of lots will be offered.
“These include a full range of winery equipment including crushes and presses, tanks, hoppers, picking, bottling and refrigeration equipment. together with wine stocks of principally dessert wines and a quantity of boxed cleanskin wines.
“There is also a full range of laboratory aids together with extensive farm equipment including two tractors, extensive implements and all the sundry farm, irrigation and building supplies that are common to farm clearing sales”.
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.
Further information on the Auldstone Cellars freehold and clearing sale can be obtained from Ruralco Property Wangaratta office on 03 5721 6865 or their agent Malcolm Gunn on 0418 759 642 or auctioneer Ryan Hussey on 0418 273 411 or vendor Michael Reid on 03 5766 2237 .
The information and links provided on this website are for general information only and should not be taken as constituting professional advice. This information does not take into account the financial situation or particular needs of individual readers. Before making any decisions about matters discussed on this website, you should consider whether it is suitable for you in light of your own circumstances, and seek appropriate advice.