Filed under: Wine
Looking for a new investment? Yarra Yering Winery near Melbourne, Australia is up for sale and bids are due in just a few weeks. The three-level, 150 ton winery which produces up to 7,000 cases per year spans approximately 36.4 hectares with 73% of that property planted with low-yielding vines. Especially known for their intensity of flavor and longevity, Yarra Yering wines typically sell for $50 to $105 and range from Cabernet Sauvignon, Shiraz, and Pinot Noir to Chardonnay, Merlot, Viognier, a number of blends and several Portuguese varietals. If you're considering your own bid on this well-known vineyard just know you'll have to contend with about thirty interested buyers across Australia, England, France, Canada, Singapore and Hong Kong.