Four of the Hunter’s most iconic vineyards are on the market and are expected to fetch a combined total of $32million.
Krinklewood Biodynamic Vineyard, Oakvale, Kevin Sobels Wines and Wandin Valley have all been listed with Jurd’s Real Estate Cessnock and according to owner Alan Jurd, each business is “trading solidly.”
Krinklewood is tipped to fetch $10million. The 59-hectare property features a three-bedroom architecturally designed colonial homestead and 19-hectare vineyard. The fully certified organic and biodynamic vineyard was planted by the Windrim family in 1998.
The winery is farmed biodynamically. Rod Windrim told Fairfax Media in 2014: “The biodynamic processes allow us to create wines with a clean taste with greater fruit intensity. As biodynamic farmers, we are in search of quality, not quantity of wine … and any winemaking intervention is kept to a minimum.”
Oakvale Wines which was established in 1893 looks set to fetch $6million. Mr Jurd said this was a rare opportunity to acquire one of the Hunter Valley’s most well-known and regarded wine businesses which features a modern cellar door and winery with an award winning leased restaurant onsite. The 250 tonne winery has enormous capacity to expand its current production.
Wandin Estate sits on 40 hectares at Lovedale and was originally known as Millstone Vineyard before being renamed Wandin Valley by the creator of the TV series A Country Practice, James Davern and his wife Philippa, following their purchase in 1990 for $900,000. The estate is tipped to sell for $9million.
The Daverns redeveloped the property into a winery, building a cricket pavilion (a purpose built replica of an old English cricket pavilion with a full commercial kitchen), manager’s cottage, cellar, function rooms and tourist accommodation. The estate’s wine history dates back to 1973 when potter-winemaker Peter Dobinson planted a vineyard, calling it Millstone.
Kevin Sobels Wines is a long established brand, located on 22 hectares on the corner of Broke and Halls roads, Pokolbin. Mr Jurd expects the estate to sell for $7million. “The fully operational vineyard/winery/business as a going concern,” Mr Jurd said.
The development is surrounded by other wineries including Tower Estate, Lakes Folly, Hope Estate and Petersons.