John Streicker buys more Margaret River vineyards

The confirmed freehold land sale price was $12 million.

Streicker, who owns other vineyards in the region, is the NYC-based Sentinel Real Estate Corporation chairman. He also operates the Yallingup Protea Farm, which exports Margaret River flowers to Japan and China.

The Clairault vineyard is one of the oldest in the region, having been originally planted in 1976.

The 222-hectare property includes a restaurant, cellar door, 200-tonne winery and a residence.

The winery is situated on the main wine tourist route of  Caves Road in the heart of the Margaret River region.

HTW valuers recently noted the Clairault name had been developed into a very strong brand.

The local media has speculated the Martrin family's sale price was understood to be $14.5 million dollars including stock, brand and plant and equipment.

"This sale is considered to be good news for the local wine sector which has been struggling now for some years," HTW notes.