This article is from the Australian Property Journal archive
ADELAIDE’S only remaining 100% family-owned, fully operational suburban winery and cellar door is up for grabs, along with two McLaren Vale vineyards.
Patritti was founded in 1926 by Giovanni Patritti and the family has now appointed CBRE’s John Harrison, Angus Bills and Ned Looker to manage the sale of its Dover Gardens winery and associated vineyards in Blewitt Springs and Tatachilla, which are being offered in one-line or as individual assets.
There will be the option to purchase the assets as a going concern, including the associated wine brand, labels, wine stock, consumables, business goodwill and associated plant and equipment.
The Dover Gardens winery is situated 12 kilometres south-west from the Adelaide CBD and is billed as a “genuine ‘grapes to glass’ operation”, which would also be suited to further development opportunities, subject to council approvals.
The winery is situated on four freehold titles and has a land footprint of 1.78 hectares with a 1,500-tonne crush capacity. Improvements include a moderate size bottling hall, warehouse, cellar door, office, workshop, cool room, storage shed and manager’s residence.
“Due to the winery’s sought-after location and being a large land footprint in a residential area within Adelaide’s inner south-western suburbs, it also lends itself to further development opportunities,” Looker said.
The vineyards are spread across 68.95 hectares, with 27.31 hectares planted to Shiraz, Grenache, Cabernet Sauvignon, Mataro and Muscat. Secure water licences amount to 39.9 megalitres via underground water and through the Willunga Basin Water Company.
Of the balance of the land, 28.75 hectares is considered arable.
“The Patritti brand is highly respected due to the quality of wine and longstanding family history. We’re expecting interest from wine industry participants seeking to continue the legacy,” Harrison said.
Stage one of the expressions of interest campaign closes on Thursday, 6th March.
