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

 

High producing contract vineyard placed on the market

Media Release

15.04.2017

High producing contract vineyard placed on the market for sale

A boutique highly productive vineyard supplying grapes to one New Zealand’s largest contract winemakers has been placed on the market for sale.

Zaccarat Vineyard in Renwick on the outskirts of Blenheim consists of some eight hectares of grape plantings – encompassing 6.55 hectares of sauvignon blanc vines and 1.43 hectares of pinot noir.

The vineyard has a six year production average of cropping 109 tonnes of sauvignon blanc annually, and 8.6 tonnes of pinot noir per season. Revenue from the 2016 grape growing activities was $264,979. The sauvignon blanc vines planted in 2003, while the pinot noir varietal was planted in 2001.

Zaccarat vineyard is contracted to supply two separate wine companies with its harvests. The entire sauvignon blanc crop is supplied to privately-owned Indevin, which produces wine for both export and domestic market labels using multi-vineyard juice.

In addition to sourcing grapes from contract growers, Indevin also owns or leases extensive vineyard plantings throughout Marlborough, Gisborne, Central Otago and Hawke's Bay. In 2014 the company crushed more than 50,000 tonnes of grapes in New Zealand

Meanwhile, family-owned Marlborough label Framingham Wines takes Zaccarat’s entire pinot noir crop. Zaccarat Vineyard has accreditation from the quality control organisation Sustainable Winegrowng New Zealand.

The vineyard and associated two-storey260 square metre designer-built executive home are being marketed for sale through Bayleys Marlborough. Salesperson Andy Poswillo said that in total, the freehold property consisted of 9.34 hectares of flat land situated in Kaituna Tuamarina Road on the fertile Wairau Plains.

Supply agreements from both Indevin and Framingham would transfer to the new purchaser of Zaccarat Vineyard for the continuation of grape supply in coming harvests, Mr Poswillo said.

“With sauvignon blanc being in particularly high demand by both the domestic and internationally-owned labels operating in and around Marlborough the industry is in good shape,” Mr Poswillo said.

“The vineyard was strategically planted to extract the maximum tonnage from the most efficient usage of the landholding shape. This founding philosophy has proven over the years to have been the correct business decision - as Zaccarat has constantly delivered solid returns for its owners.

“While the quality of home contained within this offering is very much at the top end of luxury residences in the region, the revenue derived from the vines is certainly not in the ‘lifestyle’ category but is a very much serious vineyard business.”

A full management contract is available for owners who want a “hands-off” involvement while living on the property, or for absentee owners.

Building infrastructure on the vineyard consists of a double bay 86 square metre machinery and equipment storage shed on a concrete pad.

“The Wairau Plains region north-west of Blenheim is one of new Zealand’s most intensively planted grape growing destinations – and for obvious reasons it is sought-after for its sauvignon blanc landholdings,” Mr Poswillo said.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Freight: New Report On Auckland Port Relocation

The Government has released a major new report on the options for relocating the Port of Auckland’s freight operations while deferring any decision on the issue. More>>

ALSO:

Chartered Accountants: COVID-19 Fails To Knock Kiwi Investor Confidence, But More Disclosure Wanted

Three months of COVID-19 lockdown and investment turmoil has done little to knock confidence in New Zealand capital markets and listed companies with overall investor sentiment very similar to 2019, an investor survey held in mid June shows. However, ... More>>

ALSO:

Taxation: Black-Market Tobacco Sidesteps $287 Million In Excise Tax

Year-on-year increases in consumption of illicit tobacco in New Zealand have seen illegal trade swell to 11.5% of the total market. If consumed legally, illicit products would have netted the Government $287 million in excise tax during 2019. Independent ... More>>

ALSO:

Energy Sector: Meridian Spilled Water To Hike Electricity Prices - Authority Ruling

The Electricity Authority has found that generator Meridian Energy manipulated the power market, costing consumers about $80 million. More>>

ALSO:

XE Data Update: RBNZ Official Cash Rate Decision

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary ... More>>

ALSO:

Electricity: Kiwis Ignore Promise Of Cheaper Power

Electric Kiwi and Flick Electric Co are joint winners of Canstar Blue’s award for Most Satisfied Customers | Electricity Providers From putting on an extra layer – rather than turning on a heater – to turning off lights and choosing the energy-saving ... More>>

ALSO:

Electricity: Transmission Pricing For A Low Carbon Future

The Electricity Authority has decided on new guidelines for transmission pricing. James Stevenson-Wallace, Chief Executive of the Electricity Authority says the new guidelines will deliver significant benefits to consumers, through lower electricity ... More>>

ALSO:

NIWA: The Climate Record That Keeps Getting Broken

Among the multitude of New Zealand climate statistics there is one record that continues to be broken month after month. Since January 2017 there has not been one month that recorded a below average nationwide temperature, according to NIWA’s seven station ... More>>

ALSO:

Govt: Extended Loan Scheme Keeps Business Afloat

Small businesses are getting greater certainty about access to finance with an extension to the interest-free cashflow loan scheme to the end of the year. The Small Business Cashflow Loan Scheme has already been extended once, to 24 July. Revenue and Small ... More>>

ALSO:

Science: 2019 Prime Minister’s Science Prizes Announced

The 2019 Prime Minister’s Science Prizes have been announced in a digital livestream event today. The Prizes recognise the impact of science on New Zealanders’ lives, celebrate the achievements of current scientists and encourage scientists of the ... More>>

ALSO:


RNZ: Fuel, Alcohol Costs To Go Up From Today

The increase today in the taxes on fuel, road user charges and alcohol is being called a tone-deaf move. More>>

ALSO:

Stardome Observatory: Young Kiwi Astro-Photographer Shoots For The Stars

Matariki by Josh Kirkley. The stars are aligning for up-and-coming Auckland-based astro-photographer Josh Kirkley (Kāi Tahu). During lockdown, one of his images was picked up by NASA and shared on the space agency’s Instagram to its 59.2 million ... More>>


DCANZ: Time For EU To Commit To A Level Playing Field For Trade

The Dairy Companies Association of New Zealand (DCANZ) has welcomed New Zealand Trade Minister David Parker’s statement that it is unacceptable for New Zealand exporters to continue facing an ‘unlevel playing field’ in the EU. Details leaked ... More>>

ALSO:

Potatoes New Zealand: Protecting NZ Fries As Part Of PNZ Pandemic Recovery & Transformation Plan

Potatoes New Zealand has met with Minister Faafoi this week to discuss investigating the potential importation of heavily discounted frozen potato chips into New Zealand. With MBIE’s support we are undertaking an investigation to gather evidence of the ... 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: