Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Marlborough vineyard with growth opportunities up for sale

Marlborough vineyard with growth opportunities goes up for sale

A respected Marlborough vineyard producing award-winning sauvignon blanc grapes has been placed on the market for sale.

Located in the Awatere Valley, the vineyard is owned by the Van Asch family who are well-known for farming in the region for 150 years.

After spending more than a decade creating the vineyard from bare land and building up the business, the owners have decided the time is right to move on. The freehold property has been placed on the market with Bayleys by negotiation, with a closing date for offers of April 22.

“After achieving their goals, it was now time for a new owner to take over and realise their own vision for the vineyard,” said John Hoare of Bayleys Blenheim, who is marketing the property with colleague Kurt Lindsay.

Located southeast of the Wairau Valley, the Awatere Valley experiences a cooler, drier and windier growing season than other locations, creating a later ripening crop and longer growing season. The fertile stony and sandy loam soils are also perfectly suited to growing grapes, said Mr Hoare.

The vineyard, is located at 1803 Redwood Pass Road, comprises four separate adjoining titles divided between Little Oasis Vineyard Limited and Stafford Creek Estate Limited, totaling 50.7 hectares. Of these, 23 hectares produce sauvignon blanc grapes, with the balance made up of bare pasture land.

“This is an opportunity for an investor to take over a successful business currently producing more than 300 tonne of Sauvignon Blanc grapes per year, which is being supplied to and producing award-winning wines by Delegat Wine Estate and Astrolabe Wine Limited.

All 2015 grape production is currently being supplied to Marlborough-based winemakers, allowing a new owner the option of purchasing the property after the 2015 harvest with or without a future grape supply agreement.

“A new owner would have the benefit of taking over an established vineyard within a prospering wine industry. They could step in and take over the existing vineyards immediately commencing the new season and retaining the total 2016 harvest,” said Mr Hoare.

“There is also capacity to develop 14 hectares of pasture land into an additional vineyard development of up to 11 hectares of grapes – potentially in different grape varieties. This is the perfect opportunity for someone with a passion for wine and winemaking.”

The vineyard has been producing 12-13 tonne/hectare long term yield and the harvest to date for 2015 is showing similar yields.

Improvements made to the property include improvements to the vines and trellis, pump shed, pump facilities, electric power supply, and to the staff amenities shed/workshop.

The property is being sold with a 680 cubic metre A Class water right and irrigation supply from the adjoining Awatere River.

A significant number of individual grape growers and New Zealand-based wineries have already expressed an interest in the property, said Mr Hoare.

As New Zealand’s premier wine region, Marlborough produces 77 percent of the national total wine production. It is internationally recognised for the quality and distinct flavours of its varieties, and produces what many critics regard as the world’s best sauvignon blanc, said Mr Hoare.

This Awatere Valley vineyard shows it has the right characteristics to produce premium wines – given its fertile soil, land developed for grape/vine production and an ideal microclimate.”

“This distinctive property offers exciting opportunities to take over an established business and for future growth and expansion, allowing a new owner to individualise the property in their own way,” said Mr Hoare.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Science Media Centre: Funding For R&D In New Zealand – Expert Reaction

Research, Science and Innovation Minister Dr Megan Woods has today announced $401.3 million funding for research and development through Budget 2020 and the COVID Response and Recovery Fund. The fund includes $150 million for an R&D loan scheme, ... More>>

ALSO:

Maritime NZ: NZ Joins Global Initiative Keeping Ports Open And Freight Moving

New Zealand has joined an international port authorities’ global initiative for safe and efficient movement of goods and shipping during the COVID-19 crisis. World-wide, 56 port authorities have agreed how they will work together facilitating maritime ... More>>

ALSO:

National: National Backs Businesses With $10k JobStart

National will provide a $10,000 cash payment to businesses that hire additional staff as part of our commitment to keeping New Zealanders in jobs, National Party Leader Todd Muller and Finance spokesperson Paul Goldsmith have announced. Our JobStart ... More>>

ALSO:

DIY Law: Government Exempts Some Home Improvements From Costly Consents

Homeowners, builders and DIYers will soon have an easier time making basic home improvements as the Government scraps the need for consents for low-risk building work such as sleep-outs, sheds and carports – allowing the construction sector ... More>>

ALSO:

Media Awards: The New Zealand Herald Named Newspaper Of The Year, Website Of The Year At Voyager Media Awards

The New Zealand Herald has been labelled a “powerhouse news operation” as it claims the two biggest prizes – Newspaper of the Year and Website of the Year – along with many individual awards at the 2020 Voyager Media Awards Website of the ... More>>

ALSO:

ASB Bank: ASB Takes The Lead Again With New Low Home Loan Interest Rate

ASB has moved again to support its customers, cutting a number of home loan rates, including the two-year special rate to a new low of 2.69% p.a. Craig Sims, ASB executive general manager Retail Banking says the reduced rate will be welcome news for many ... More>>

ALSO:

Nathan Hoturoa Gray: The Problems With Testing And Case Statistics For Covid-19

To begin to understand disease transmission in a country requires adequate testing of your population with properly vetted, accurate tests. As the world struggles to find what 'adequate percentage' of the population is necessary, (estimates predict ... More>>

ALSO:

RNZ: Fletcher Building To Lay Off 1000 Staff In New Zealand

The construction company will cut around 10 percent of its workforce as it struggles with the fallout from Covid-19. More>>

ALSO:

Can Pay, Won't Pay: Cashflow Moves Urged

Government Ministers are asking significant private enterprises to adopt prompt payment practices in line with the state sector, as a way to improve cashflow for small businesses. More>>

ALSO:

Gordon Campbell: On Why We Should Legally Protect The Right To Work From Home

For understandable reasons, the media messaging around Level Two has been all about “freedom” and “celebration”, but this is not necessarily going to be a universal experience. When it comes to workplace relations, Level Two is just as likely to ... More>>

ALSO:



New Zealand Government: Supporting Kiwi Businesses To Resolve Rent Disputes

The Government will legislate to ensure businesses that suffered as a result of the COVID-19 response will get help to resolve disputes over commercial rent issues, Justice Minister Andrew Little announced today. More>>

ALSO:


Science Media Centre: Understanding 5G Concerns – Expert Q&A


Recent attacks on cell phone towers have brought concerns over the rollout of 5G technology into sharp relief.
While scientific research has consistently shown that the technology does not adversely affect human health, public concerns about its impact have spread around the world, fueled in part by growing misinformation online. The SMC asked experts to comment... More>>

ALSO:


Trade: Record Monthly Surplus As Imports Dive

Imports in April 2020 had their biggest fall since October 2009, resulting in a monthly trade surplus of $1.3 billion, Stats NZ said today. “This is the largest monthly trade surplus on record and the annual goods trade deficit is the lowest ... More>>

ALSO:


Media Blues: Stuff Chief Executive Buys Company For $1

Stuff chief executive Sinead Boucher has purchased Stuff from its Australian owners Nine Entertainment for $1.
The chief executive was returning the company to New Zealand ownership, with the sale is expected to be completed by 31 May.
"Our plan is to transition the ownership of Stuff to give staff a direct stake in the business as shareholders," Boucher said in a statement.... More>>

ALSO:

RNZ: Bar Reopening Night 'much, Much Quieter'

Pubs and bars are reporting a sluggish first day back after the lockdown, with the fear of going out, or perhaps the joy of staying home, thought to be a reason for the low numbers. More>>

ALSO:

Stats NZ: New Zealand’s Population Passes 5 Million

New Zealand's resident population provisionally reached 5 million in March 2020, Stats NZ said today. More>>

NIWA: Seven Weeks Of Clearing The Air Provides Huge Benefits: Scientist

Seven weeks of lockdown has provided evidence of how pollution can vanish overnight with benefits for the environment and individuals, says NIWA air quality scientist Dr Ian Longley. Dr Longley has been monitoring air quality in Auckland, Wellington ... More>>

ALSO:

Government: Milestone In Cash Flow Support To SMEs

A significant package of tax reforms will be pushed through all stages in Parliament today to throw a cash flow lifeline to small businesses. More>>

ALSO: