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Central Otago

229 Ripponvale Road, Cromwell

Price

NZD$2,950,000 plus GST (if any)

Property ID QBS11553


bed

6

bath

3

floor

645 sq m

land

10 ha


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Embrace an opportunity to purchase this established vineyard. This well presented property and boutique vineyard is situated on a distinctive standalone Sugarloaf landscape just five to seven minutes drive from Cromwell, the heart of the Central Otago's wine region. Positioned to capture all day sun, along with panoramic views overlooking the lights of Cromwell this property will impress you. Embrace the dream to further develop this extraordinary vineyard, and enjoy a healthy and satisfying lifestyle.

The home is a spacious 645 sq m including expansive wrap around decks which give sufficient room to relax all year round. Experience a dream kitchen, open plan family living and five bedrooms. The lower level consists of a tasting room, bunks for seasonal grape pickers if required, and garaging for up to five vehicles. Meander around the established gardens and lake which also provides a plentiful supply of up to eight million litres of water for the vineyard.

Featuring approximately 10 hectares consisting of 23,000 grafted, pylloxera resistant, vines planted in 2003 over 7.89 hectares. Approximately seven hectares are planted in Pinot Noir, with one hectare (more or less) planted in Riesling. There is room for additional plantings if necessary. The vineyard irrigation system is governed by 14 water zones; each vine has its own compensator dripping water emitter that can deliver up to four litres per hour to each vine if required. This property has a shareholding in the Ripponvale Irrigation water company which is a privately run water scheme.

Price is plus GST (if any)

Subdivision application has been lodged so there is an opportunity for separate Titles if you wish to purchase 7.2ha vineyard at $1.360,000 plus GST, or the 3.3ha lifestyle block complete with serviced barn at $985,000 plus GST

David Penrose

David Penrose

Queenstown

Cell Phone+64 21 226 1507

Emaildavid.penrose@sothebysrealty.com

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