For Sale

Property Description

A viticulture investment that stands apart from others.

Gladstone Vineyard – vines / winery / tasting room / apartment and restaurant – has been leased since December 2018 to a partnership between Hong Kong’s Odyssey Capital (Asia’s lending alternative asset manager) and Australia’s Flying Winemaker Holdings Limited.  Gladstone is an organic vineyard.

  • Net rental $49,708 plus GST plus outgoings.  This is well below market with a market rent review due on renewal in 2022 without any limit on the quantum of increase.
  • Lease three years plus 2 x 3yr renewals from Dec 2018.
  • Vineyard subject to Profit á Prendre with no automatic renewal.
  • The tenant undertook extensive investigations before selecting Gladstone as the winery for its NZ production.

Asking price $1,195,000.00 plus GST (if any)

If you have any questions or would like to make a time to view this property, please contact Chris Gollins on 021 422 227 email [email protected] or Lawrence Cheetham on 027 463 4144 email [email protected].

Affordable vineyard / winery leased to heavyweight

340 Gladstone Road, Carterton, Wairarapa

1,219 m²
Basic Details
Listing ID : 1298
Listing Type : For Sale
Land Area : 45,383 m²
Floor Area : 1,219 m²
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