Salitage Winery in Pemberton has been sold to an unnamed local investor for $2.85 million after more than three years on the market.
Ferrier Hodgson was appointed in July last year to sell Salitage, which comprises a winery and vineyard with a custom-built cellar door, four luxury chalets as well as staff accommodation and a manager’s residence.
Two previous attempts to sell the property failed to stir interest, the most recent being a sales campaign by Garland International in 2014, which failed to attract a buyer at a price tag of $7.9 million, more than twice the amount achieved this week.
A 2012 sales campaign coordinated by Colliers International to sell the winery’s accommodation suites, for $1.8 million, also failed to find a buyer.
“The opportunity to acquire one of the South West’s most well-known wineries was met with strong market interest, with a number of enquiries from foreign investors looking for an opportunity to reallocate capital into Australia’s agribusiness market,” he said.
“There was also a strong level of Australian interest in the asset, with the successful buyer being a local investor from WA.”