Top Nelson vineyard property for sale

5:13 PM Tuesday June 20, 2017 Colin Taylor

The property encompasses a 900-tonne winery (with plant not included), the cellar door and cafe. Photo / Supplied

The property housing Kahurangi Estate vineyard, one of Nelson’s leading wine companies located in Upper Moutere, Tasman District, is on the market for sale and leaseback.

“The Nelson-based wine company is offering the property to potential investors with a long leaseback arrangement in place,” says Ken Montgomery of Colliers International who is marketing the property for sale by negotiation with colleague Mike Laven.

“Kahurangi Estate Limited produces a range of premium wines for sale in domestic and offshore markets,” Montgomery says. “It also undertakes contract processing for other wine companies and growers, and imports and distributes a portfolio of wine, port, sherry and cognac from a range of international and domestic producers.”

The 12.884-hectare property, located at the junction of Moutere Highway and Sunrise Rd, is well-known to travellers along the popular Moutere Highway and claims ‘the oldest cellar door in Nelson”.

Montgomery says Kahurangi estate will enter into a new 10-year lease with the purchaser commencing on the settlement date.

“The rent paid by Kahurangi Estate Limited will be 7.5 per cent of the agreed purchase price, which makes this a very attractive investment opportunity for those who are looking for alternative property investments,” he says.

True Commercial - Kahurangi Estate%2c Upper Moutere - aerial.jpg

The 12.884-hectare property is well-known to travellers along the popular Moutere Highway. Photo / Supplied

“We think this will appeal to investors who are attracted to the Nelson lifestyle but who want a passive investment in one of the region’s leading business sectors.”

The property encompasses a 900-tonne winery (with plant not included), the cellar door and cafe as well as a 9.88ha vineyard with some of oldest commercially grown riesling vines in the South Island. The other grape varieties include pinot noir, sauvignon blanc, chardonnay, gewürztraminer, pinot gris and montepulciano.

The sale also includes a four-bedroom home and a two-bedroom cottage.