Property Details: • Type: Unknown

• Bedrooms: 0 • Bathrooms: 0

Description: Penley Estate, a name synonymous with the wine industry for decades, and born from the coming together of two pioneering winemaking families, is for sale. Officially releasing their first wine under the name in 1988, Penley Estate is an Australian wine stalwart, renowned globally for producing premium wines on the famous Terra Rossa soils in the Coonawarra wine district. Penley Estate is a complete and established wine business, steeped in history with its roots firmly cemented in the Coonawarra terroir. Ideally located on the eastern side of the Riddoch Highway on McLean Road, the assets of Penley Estate feature: - The grand estate, featuring a stone-walled entrance and comprising its wonderful cellar door, fully equipped winery, barrel store and weighbridge/office. - A total land area of approx. 119 hectares (294 acres), contained in three adjoining Certificates of Title. - Premium vineyard plantings, totalling approx. 86 hectares (212 acres) and featuring signature Coonawarra varietals. - Significant irrigation entitlements totalling more than 210 megalitres. - A manager's residence with landscaped gardens and separate cottage. Penley Estate is for sale by Expressions of Interest closing Thursday 7 November at 2pm (ACDT). Inspections are strictly by appointment with the sole agents, Colliers.