Colliers International sells Blackford Stable vineyard in the Adelaide Hills
An Adelaide Hills vineyard, Blackford Stable, has sold on the back of a resurgence in vineyard sales within popular price brackets throughout Adelaide Hills and McLaren Vale.
Colliers International’s Nick Goode handled the transaction, saying the property presented an “extremely rare opportunity” for purchasers to acquire a quality property in a tightly held district.
On Newman Road, near the township of Charleston in the “dress circle” of the Adelaide Hills wine region, the 46.12-hectare property attracted strong interest from local and offshore buyers. It ultimately sold to a local industry participant for an undisclosed price.
“There was consistent enquiry throughout the period the vineyard spent on market,” Mr Goode said.
“Multiple offers were submitted during the course of the campaign, from industry participants, investors, offshore buyers and lifestyle buyers. The vendor and purchaser are both very happy with the outcome.”
Mr Goode said there had been a recent resurgence of offshore interest in Australian vineyards and wineries.
“Growth in the Chinese market, which had slackened off particularly for ‘high-end wines’, has re-emerged, with Wine Australia reporting a surge in wine exports for the year ending June 2016,” he said.
“Value has increased by up to 50 per cent and volume up to 40 per cent. The Free Trade Agreement is expected to continue this trend.”
With a rich history of producing quality grapes for local producers, the picturesque Blackford Stable features a residence with extraordinary views of the Adelaide Hills. The vineyard has 14 hectares planted to a mixture of premium varietals suited to the region, including sauvignon blanc, chardonnay, pinot gris, sangiovese and pinot noir.
“The property has self-evident appeal,” Mr Goode said. “The purchaser could potentially take further advantage of the obvious physical charm of the heritage-listed colonial stone stables, along with a building-consent permit for a boutique winery.”
“Some properties in these tightly held regions have been on the market for prolonged periods of time but are now changing hands and participants have an optimistic view for the future,” he said.