Adina Vineyard, Lovedale sold for $7 million
The Hunter Valley's Adina Vineyard and Olive Grove has been sold by Peter O'Meara, chairman of the Australian Olive Association.
Peter is retiring and selling both the Lovedale property and the business he and wife Helen have built over the decades.
It fetched around $7 million when sold to JDC Prime.
The 49 hectare Adina estate features a nine-hectare vineyard, modern cellar door, olive processing facility and three luxury accommodation lodges.
The vineyard produces shiraz, cabernet, sangiovese, semillon, pinot gris and chardonnay varieties.
"The property is considered by many to be the home of the olive industry in the Hunter Valley, not just because of the quality of fruit that is produced from the olive grove, but because it has both the largest and most modern processing plant in the lower Hunter Valley," said the marketing by selling agent Cain Beckett of Jurds Real Estate.
Adina Vineyard is on Lovedale Road.
The property is divided into two adjacent blocks with a total area of 120 acres.
The estate features a modern cellar door, restaurant, tourist accommodation, day spa, olive processing facility, machinery sheds and a wide range of grape varieties.
The vineyard was established in the 1860s and the modern vineyard planted between 1980 and 2000. It produces semillon, shiraz, chardonnay, cabernet sauvignon as well as other varities including several popular Italian varieties like pinot grigio and sangiovese.
The tourist accommodation side of the business was established in 2006 with architect designed lodges which host up to six adults.
