ABOUT 33 hectares of potential dwelling and farm land in the Sancrox area is up for sale following the long-term failure of the Le Clos Verdun vineyard proposal.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
The shared vineyard farm concept was developed 15 years ago by a Cassegrain company spearheaded by Claude Cassegrain.
Initially 46 lots were created in Le Clos Sancrox followed by 120 in Le Clos Verdun. People could buy a home site and, under the same title, a separate farm site which was to be used to grow grape vines.
But the ambitious clos farming concept ultimately proved unprofitable and now 21 home and separate farm lots have been offered for sale under instruction from receivers KPMG.
Expressions of interest for the home and farm sites are being accepted by Rodger Alden of Raine and Horne.
The properties are generally situated between Sancrox Rd and the Hastings River, just east of the Sancrox village.
Mr Alden said the 21 dwelling and farm lots and two management and associated service lots, originally part of two vineyard estates, could be bought in individual lots or parcels by negotiation up to the whole line.
Just five of the home and farm lots in the Verdun estate are next to one another. The remainder are separated but are one title.
In Le Clos Sancrox on the southern side of Sancrox Rd two out of three properties have adjacent dwelling and farm lots, while one is separated.
Mr Alden said the lots were designed to provide a homesite separate from a vineyard lot, but on the same title under a concept of land use known as clos farming.
"Owners of individual lots had use of the home site but the vineyard lots were operated under easements that gave the manager rights to plant and maintain grape vines and, as appropriate, to harvest and market the grapes on behalf of all the lot holders," Mr Alden said.
"The vineyard activities have been wound down to a few selected areas, where healthy and productive vines are growing, but not on the lots being offered.''
Mr Alden said that despite the economic failure of the clos farming concept, the land was prime real estate with considerable investment potential because of the scarcity of land in the Port Macquarie area.
Prospective buyers can make an appointment to inspect the lots which are freehold and vary from 1.3ha to 2.4ha.
The homesites, which are accessed by bitumen road, range in size from 1538 square metres to 3949 square metres and the farm lots range from 1.2ha to 1.69ha.
