This article is from the Australian Property Journal archive
THE portfolio of Ballast Stone Estate Wines encompassing 430ha of vineyards in South Australia’s Fleurieu region is going on the market.
Colliers International’s Tim Altschwager and Nick Dean are selling the portfolio located at Myrtle Grove Rd in Currency Creek, about 80km south of Adelaide.
Trading as Shaw Family Vintners, the wine business on offer encompasses around 430ha of vineyards and is a successful processor and producer of bulk and bottled wine, operating a modern processing facility and releasing wines under proprietary brands including Emetior, RMS, Shaw Family Vintners, Stonemason, Steeple Jack, Currency Creek Estate, The Creek Station and Winery Road.
Altschwager said Shaw Family Vintners have for some time been seeking an equity partner and is now offering the winery and the wine business for sale.
“The company’s wholesale presence with independent liquor groups in the South Australian market is very strong, selling circa 20,000 cases annually. A significant opportunity exists to grow the Shaw Family Vintners brand in the eastern states via an appropriate distributor.
“Shaw Family Vintners also exports approximately 50% of its branded bottled wine and enjoys a growing presence in China via a joint venture arrangement, providing a solid platform to further expand the customer base and increase sales to this market,” he added.
Built in 2000, the facility includes a large commercial winery together with 1,000 sqm barrel storage with six million litres storage capacity, a cellar door and administration buildings. The facility provides crushing capacity of 7,000 tonne, although it is licensed to crush 20,000 tonne.
The plant has capacity to increase its current output substantially via the addition of further storage tanks.
“In the 2015 financial year, the winery produced around 52,000 cases of bottled wine and around 1.25m litres of bulk wine,” Dean said. “Total net sales revenue in the 2015 financial year was approximately $6,707,000.”
Australian Property Journal
