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173 The Vineyards Road
Lake George NSW 2581
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Sold on 7 Aug 2023

173 The Vineyards Road Lake George NSW 2581

  • Development / Land
  • Sold, $4,150,000

Lake George Winery - $4.97 mil reserve.

    From Sydney Harbour Bridge to the front door, the only red you'll see on the way to the Lake George Winery is an award-winning shiraz. Yes, not a single traffic light in sight.

    The established, prosperous winery presents the perfect blend to savvy investors; a thriving business in one of Australia's most picturesque regions, priced at $4.97m due to changed family circumstances; and a motivated seller.

    All just 2.5 hours from Sydney and 30 minutes from the nation's capital. If you are looking for broad scale acreage with established vines, multiple potential income streams and a well-recognised brand, you'll want to inspect Lake George Winery.

    Presented to the market by Auction Advantage, Lake George Winery at 173 The Vineyards Road, Lake George, NSW offers the attraction of an esteemed winery with room to grow in every aspect.

    The award-winning Lake George Winery is home to one of the earliest vineyards in the Canberra district and features:
    276 acres / RU1 Zoning/ broad allowable permissible usage Working award-winery - 70 tonne processing capacity 20 acres under vine - established 50 years ago Eleven different varieties with orchard Turnkey restaurant and cellar door Five luxury accommodation units, average of 70% occupancy Five-bedroom residence with detached guest house Renowned wedding venue and event centre Primary production and on-premises licence There is also an exciting opportunity working with Yass Valley Council to establish more accommodation quarters in the escarpment overlooking Lake George and the breathtaking sunrises it guarantees - subject to application and consent.

    Overlooking the stunning views, Lake George Winery is located right on the Federal Highway, the main route from Sydney to Canberra. It is 47 km to central Canberra, 45 km to Goulburn, 220 km to Jindabyne and 250 km to Sydney airport.

    Lake George Winery will be offered for auction on-site on Sunday, August 6 2023at 3pm
    To remove the pressure and to allow future owners time to complete inspections and arrange deposits, Lake George Winery will not be sold pre-auction. As it is an active asset, GST will not apply to the sale. Because of the tragic circumstances that have forced the sale, the agent cannot provide reliable financial data, and that has been factored in setting the attractive reserve, which is well below independent valuation. Part deposits are agreeable, with 10% at risk. 90 days calendar settlements to be exclusively determined by the bidders. Inspections each Saturday and Sunday 2.30pm to 4pm - private inspection request please email contact at auctionadvantage.com.au or call Frank Walmsley 0400446605

    AUCTION

    Auction date and time06/08/2023 15:00
    Auction location173 The Vineyards Road, Lake George NSW

    Property Highlights

    Date Sold7 Aug 2023
    Sold Price$4,150,000
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018600193
    Category
    Last updated  7 Aug 2023
    Map for 173 The Vineyards Road Lake George NSW 2581

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    Property Highlights

    Date Sold7 Aug 2023
    Sold Price$4,150,000
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018600193
    Category
    Last updated  7 Aug 2023
    Level 2/80 Emu Bank Belconnen ACT 2617

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