Tamar Valley vineyard on the market with $1.25 million expectations

Former Olympian Micheal Wilson and his wife Mary are selling the Vélo Wines vineyard in Tasmania’s Tamar Valley.

According to RP Data, the 4.71 hectare property has been listed for 94 days thus far, hitting the market on December 18 last year. The winery sale includes the Barrel Room Café and Vélo Vineyards cellar door, which the property’s listing boasts is one of the busiest in the Tamar Valley. The property is listed with $1.25 million expectations.

The vineyard, overlooking the Tamar River, is situated along the Tamar Valley tourist route, 10 minutes’ drive from Launceston’s CBD. In addition to the winery’s 50 year old vines, the oldest cabernet vines in Tasmania, the property also includes 80 year old chestnut trees, olive and citrus trees and herb and vegetable beds.

Vélo is selling through John Hewitt of Landmark Harcourts Tasmania.

Wilson, a former Olympic cyclist, purchased Vélo with his wife in 2001. Presumably, the vineyard is so named for the French translation of the word “bicycle.” Wilson (pictured below at Vélo) competed in the 1980 Moscow Olympics.