For sale highly profitable Vineyard in the famous wine producing region of Signagi falling in the Province of Kakheti. This Province is the largest producer of grapes in Georgia. Signagi is 120 kms from Tbilisi which is roughly a 2 hour car drive.
The vineyard covers an area of 32 Hectares. There are two varieties of grapes produced by this vineyard ; Rkatsiteli variety - suitable for producing white wine and the highly prized Saperavi variety - excellent for producing dark red wine. Saperavi variety has an acreage of 2 hectares and the rest is Rkatsiteli. The vineyard is 13 years old and normally well cared vineyards produce fruit till the age of 50 years.
The annual production which was recorded last year was 355 tons and the average selling price was 0.40 USD per kg for the Rkatsiteli variety and 1.00 USD for the Saperavi variety. Total vineyard maintenance expenses come to around 1500 USD per hectare per year.
On the property there is one house built for workers which covers an area of 120 sqm and one 300 sqm shed built for parking agricultural equipment. The property price also includes one tractor and all agricultural equipments needed for maintenance of the vineyard.
Labour is available in plenty in the villages around the vineyard.
This is an excellent opportunity for investors looking for a regular income producing property with a quick pay back period.
Reason for selling is that the owner has relocated to another country.