NEW DEVELOPMENTS, DEALS
Pitruzzello Estate’s Sunbury winery and olive grove for sale with substantial growth prospects
Posted by Development Ready on Aug 13, 2019

ICR Property Group, in conjunction with Melbourne Commercial Group, are proud to present for sale the award winning Pitruzzello Estate; a multi-faceted olive grove and winery the likes of which most people only ever dream of owning.

Situated at 45 Mundy Road in Sunbury, approximately 45 minutes north-west of Melbourne’s CBD, this magnificent property extends over 63.4 hectares of land and includes a well-established olive and vineyard plantation with a processing facility catering for its 12,000 olive trees and 13,000 vines plus 24 Ha* of undeveloped vacant Green Wedge Zoned land.

The established business is enough to satiate anyone’s commercially focused mind, but the prospects for significant growth can not to be understated.

“From a business perspective, it’s got it all. A function centre which caters to weddings and events and can accommodate up to 890 people, plus a popular public café and restaurant. The recent inclusion of a high quality 4-bedroom residence bolsters the offering as well – but there’s still room for more!” ICR Property Group’s Raff De Luise commented.

“Developers and investors will recognise the untapped value waiting to be explored, with a significant allocation, around 24-hectares in fact, of vacant land with Green Wedge Zoning designation. The doors to additional revenue are open,” conjunctive selling agent Domenic Dastoli of Melbourne Commercial Group noted.

Located just off the Calder Freeway, Pitruzzello Estate is one of the closest and most easily accessed destinations of its kind from Melbourne’s CBD. The opportunity to capitalise on wine and olive tourism with significant city proximity is yet been fully realised.

Potential purchasers are urged not to hesitate in enquiring. Detailed information regarding the estate’s operating facilities, landholding, reception centre, restaurant and café are available upon request.
 

Summary:

  • Land area: 63.46 Ha* - including 24 Ha* of undeveloped vacant land with Green Wedge Zoning
  • 30 Ha* olive tree plantation: 12,000 trees (Leccino, Fontoio, Pentelino and Kerokin varieties)
  • 5.26 Ha* vineyard: 13,000 vines (Shiraz and Sauvignon Blanc varietals)
  • Processing facility
  • Substantial improvements that include hospitality and function centre improvements, cafe and restaurant and quality four-bedroom residence
  • 20 megalitre dam, two bore water pumps, and use of recycled water via the direct connection to Western Water to sustain the agricultural production 
  • Pump and machinery sheds
  • 41km* from Melbourne CBD

*Please note that all financials, measurements and distances quoted are approximate only.

Selling agents will be receiving Expressions of Interest until 3pm Friday 6 September 2019.

To organise an inspection and receive further information regarding Pitruzzello Estate, 45 Mundy Road in Sunbury, potential purchasers are encouraged to contact one of below Exclusive Sales Agents and mention Development Ready.

ICR Property Group
Raff De Luise: +61 418 533 633 
Julian Materia: +61 498 188 011

Melbourne Commercial Group
Domenic Dastoli: +61 418 370 242
 

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