556 Awatere Valley Road, Awatere Valley, Marlborough

Savvy Buying

Located 5km inland from the Dashwood turn-off, in the Awatere Valley and only 20 minutes drive from Blenheim, this 23.4 hectare property features 21.25 canopy hectares of Sauvignon Blanc.

Planted in 2004 on an upper terrace where there are fertile, free-draining soils with few stones and a very low risk of frost due to airflows through the Taylor Pass. Spacing is 2.4m between rows and 1.8m between plants. Irrigation is via dripline with water arriving under pressure, pumped from an infiltration trench in the Awatere River and enjoying backup from a nearby private lake.

Production has been consistently reliable and there is a generous grape supply agreement with one of New Zealand's most respected wine companies, with a yield cap for 2014 of 14t/ha. The vineyard has been set up for low cost management and there is an opportunity for a handsoff owner to buy in to a machinery pool and continue with the current management contract which has proven to be efficient and reliable.

Currently there are no buildings on the block but there is the potential to purchase additional adjacent land which would provide an extremely appealing house site with stunning views up the Awatere Valley to Mt Tapuenuku.

This property offers an attractive opportunity for both absentee investors and those looking for a Marlborough lifestyle with income. A 10% return on capital or better is not unrealistic.

For further information or an appointment to view this vineyard, contact the vendors agent Tim Crawford.

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KEYWORDS: Marlborough, vineyard, for sale, vines, grapes, wine, Awatere, lifestyle, investment