AWARD WINNING PITRUZZELLO ESTATE OLIVE GROVE & VINEYARD
ICR Property Group, in conjunction with Melbourne Commercial Group, are pleased to present a rare opportunity to move into the award winning Pitruzzello Estate, a multi-faceted olive grove, winery and reception centre with prospects for significant growth.
The site is being offered by Expressions of Interest closing Friday 6th September at 3pm.
This magnificent site extends over 63 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.
From a business perspective, it has got it all. A function centre, popular public café and restaurant can cater for wedding and events and accommodate up to 890 people, a high quality 4-bedroom residence and a significant allocation of vacant undeveloped land (24 hectares*) with Green Wedge Zoning designation, opens the door to additional revenue streams waiting to be explored.
Key Asset and Investment Highlights:
Land area: 634,600 sqm*
Including 240,000 sqm* of undeveloped vacant land
300,000 sqm* olive tree plantation: 12,000 trees (Leccino, Fontoio, Pentelino and Kerokin varieties)
52,600 sqm* vineyard: 13,000 vines (Shiraz and Sauvignon Blanc varietals)
Premium grade development of improvements for the production of olive oil
Substantial improvements that include hospitality and function centre improvements, cafe and restaurant
High quality four (4) 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
Green Wedge Zoning
Easy access with the site being adjacent to the Calder Freeway
41 kms* to Melbourne CBD
EXPRESSIONS OF INTEREST CLOSING FRIDAY 6TH SEPTEMBER AT 3PM.
To obtain due diligence documents or to organise an inspection, please contact one of below Exclusive Sales Agents: