• Sold
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income
Location, Landbank and Income

Location is paramount, all the convenience of town with the added benefit of executive country living and income. Located just minutes from Blenheim CBD this 5.66ha income generating vineyard property will satisfy the most discerning buyer.

The executive four bedroom home with multiple living areas is sure to impress. Three generous bedrooms (master ensuite and WIR) downstairs with the fourth and additional living upstairs. Multiple living areas, modern kitchen, walk in scullery, fully double glazed and family friendly floor plan. Bifold doors open to a sheltered outdoor area complete with outdoor fireplace, an entertainers delight for long lunches and evening gatherings. The mature established grounds provide a very private setting with the house positioned to maximise views over the vineyard towards the Richmond Ranges. A variety of producing citrus and fruit trees and productive sheltered vegetable garden add to the ambiance. Generous four car garaging and workshop with an additional four bay implement shed add to the many features on offer.

The upcoming crop from the 4.8ha Sauvignon Blanc vineyard (89 ton five year average) is included giving immediate cashflow and available contract free if required. Projected returns of $170,000 from the harvest provide a solid return of investment and an annual passive income. Cost effective day to day operations can be done by a reputable vineyard management company, if required, allowing for a hands free investment, ideal for absentee owners. The vineyard has been immaculately maintained and benefits from the fertile alluvial soils of the Wairau Plain. There are several prominent vineyards in the immediate area which are renown for consistent high yields of quality fruit and favourable growing conditions. The vineyard has a list of accolades and previously been a single vineyard label with a prominent wine company. The property is positioned in the heart of Marlborough’s internationally acclaimed wine region with several renown winery restaurants and cellar doors in close proximity.

The property offers landbank opportunity with 1.7ha zoned Urban Residential 2 Greenfields, having been identified for future potential subdivision. With current development and the town boundary advancing rapidly, land value is likely to be enhanced in years to come.

The Marlborough region offers several job opportunities, lifestyle and outdoor recreation activities. You have the choice of either Queen Charlotte or Pelorus Sounds within a 30 minute drive, both having substantial marine and launching facilities. The airport is within 10 minutes with several daily flights to the major centres. 

This property is a fine example of the Marlborough lifestyle with the benefit of substantial income ability in a premium location.

If you are wanting location, modern executive living and income, this property is a must view.

For further information please contact Andy Poswillo.

Deadline Sale

2pm, Friday 20 November 2020 (unless sold prior)

*Boundary lines are indicative only

 



Ref #: 20587147

Property Details

  • 11/11/2020
  • Contact our experts for details on this transaction.