Marlborough’s only hillside boutique winery and vineyard situated on the corner of Brookby Road and Dog Point Road in Marlborough have been put on the market for sale offering a rare opportunity for investors and wine companies to secure this special slice of real estate.
The Highfield TerraVin Winery, designed by internationally recognised New Zealand architect Sir Michael Fowler, occupies an idyllic location with breathtaking views out over the Wairau Valley and surrounding vineyards.
Purchasing a winery in this type of location is a very rare opportunity and in addition, the winery operates a highly regarded 60-seat restaurant, cellar door and function venue from its winery premises.
This well positioned multi-level building consists of a 781-square metre winery operation with resource consent to crush up to 600 tonnes of grapes annually, 144- square metres of offices and laboratory, 293-square metres of restaurant and cellar door space, and an 83-square metre first floor apartment residence.
The building was first constructed in 1990 and subsequently expanded over following years as Highfield Terravin’s production and activities continually expanded in the dynamic New Zealand wine industry.
Wine production for the main two brands Highfield and TerraVin has been focused on premium quality sauvignon blanc, pinot noir and chardonnay from two vineyards.
Small pinot noir volumes from the organic winery site and fruit sourced from the TerraVin Hillside Vineyard Calrossie located at 4646 State Highway 1 in Seddon, where the north-west facing 28.97 hectares is planted in low-yielding high-quality pinot noir, sauvignon blanc and chardonnay.
Bayleys Marlborough viticulture and winery specialist Mike Poff said Highfield TerraVin in its current state was the result of Highfield Estate and Terravin Wines merging four years ago to secure economies of scale. He said the current shareholders had recently decided to move on with other investments, and consequently the property was on the market to be sold.
The Highfield and TerraVin portfolio are being marketed for sale by tender through Bayleys Marlborough, with tenders closing on 21st of March 2019.
These great properties are being offered for sale with interested parties able to make an offer for just the Highfield TerraVin winery and its surrounding homeblock or together with the Terravin Hillside Vineyard as part of the package.
“The Highfield and TerraVin brands produce award winning premium wines that can be found in multiple international markets, in many starred international restaurants and specialist wine stores, as well as the New Zealand domestic market.” Mr Poff said.
“The winery is a vertically integrated complex including its own fruit receival, wine cellar, underground barrel room, cuvee room, storage rooms and bottling line – delivering all the cost benefits of being totally self-sufficient.
“This production efficiency flows through to both the cellar door retail business and the restaurant– both of which provide strong support for sales of Highfield and Terravin wines.”
Food preparation and service chattels within Highfield Terravin’s full commercial-grade kitchen includes ovens, hobs, grillers, fryers, walk-in freezer and refrigerator, dish-washer/drying equipment, and extensive stainless-steel benching. Tables, chairs, crockery and cutlery are also included in the offering.
“Like many winery-based entities around New Zealand, the Highfield Terravin business model operates on multiple revenue streams – production, retailing, and foodservice/hospitality, which are all linked to the core product…. wine,” Mr Poff said.
“The one-bedroom apartment within the complex can be occupied as an owner/manager’s dwelling, or recently it has been rented on Airbnb and with consistent occupancy.
“The vines at both vineyards are now all well-established and producing consistently high-quality fruit,” Mr Poff said.
Mr Poff said the current inventory of bottled and bulk Highfield Terravin wine stocks could be negotiated for as part of the purchase along with the land, buildings, plant, and labels. The restaurant could potentially also be sold with a lease if desired - with the current tenant featuring at number three on Trip Advisor.
The Iconic Highfield Terravin Winery – with its landmark location - has been placed on the market for sale, along with its associated restaurant and function venue. Providing and excellent opportunity in the New Zealand wine and tourism Industry.