McLaren Vale vineyards sold for $10 million

McLaren Vale vineyards sold for $10 million
Staff reporterJune 25, 2017

Three vineyards with 102 hectares of vines on California Road in South Australia's McLaren Vale have sold for $10 million.

Knight Frank rural agent Russell Iles brokered the deal that achieved close to $40,000 an acre [$100,000 per hectare].

The district's last big sale was when the Conte family sold their long-held premium vineyards on California Road and Bayliss Road near Aldinga to fellow McLaren Vale winemaker Dowie Doole last year for $1.9 million. The 53-hectare property has 35 hectares of vines.

McLaren Vale is regarded as one of Australia's most prestigious wine districts.

South Australia is responsible for almost 80 per cent of Australia's premium wine. 

Editor's Picks

PERIFA takes over Balmain Leagues Club site for Rozelle Village development
Mirvac to transform old motel into apartments in Brunswick as Prince & Parade construction kicks off
"One of Australia's premier beach destinations": Inside Chapter Two's Holm Rainbow Bay apartments
Where to buy in Palm Beach in 2025
Construction commences at Devine's luxury Burleigh tower, Burly Residences