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.
Tender closes 12:00pm Thursday, July 16th 2020
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].