1004 Luggate-Cromwell Road, Cromwell, South Island
Premium Vineyard & Exquisite Home, Central Otago
$8,000,000 +GST
Business Description
This is your opportunity to own one of Central Otago’s finest vineyard properties, offering an exceptional lifestyle, income potential, and room for further development. Set on over 40 hectares of breathtaking land, this property combines the allure of a thriving vineyard with the comfort of a beautifully designed home.
Property Highlights
Home Features:
-A stunning 3-bedroom residence built to passive design principles, ensuring energy efficiency and year-round comfort.
-Commanding views of the surrounding mountains and vines, creating an unmatched sense of tranquility.
-Spacious layout includes:
Master suite with ensuite bathroom.
Guest wing with its own ensuite bedroom.
A third bedroom with a separate bathroom.
-Plans are available for the addition of a carport or garage, offering further convenience.
Vineyard Investment:
18ha established vineyard leased to one of Central Otago’s top wineries (lease extends to 2032 with renewal options).
10ha of Pinot Noir, 4ha of Chardonnay, and 4ha of Riesling varieties.
10ha additional land suitable for vineyard expansion, with strong interest from other top wineries in the region.
Water rights in place to fully develop the property.
Lease Benefits:
The lessee maintains the vines, posts, wires, and irrigation infrastructure while also covering rates, power, and insurance.
As the landlord, your only responsibility is maintaining the low-maintenance roads on the property.
Development Potential
This property offers ample room to grow, whether expanding the vineyard or enhancing the existing infrastructure.
Location:
Nestled between Luggate and Cromwell, this property enjoys proximity to Central Otago’s wine trails, amenities, and recreational activities, making it a prime investment for those seeking a blend of lifestyle and income.
Don’t miss the chance to own this rare gem in the heart of Central Otago’s wine region. Contact us today for more details or to arrange a viewing.
For further information or to arrange a viewing, please contact specialist Accommodation Business Broker Adrian Chisholm.
Business Summary
Key Investment Insights
1. Opportunity to own one of Central Otago's finest vineyard properties
2. Exceptional lifestyle and income potential
3. Room for further development
4. Set on over 40 hectares of breathtaking land
5. Combines a thriving vineyard with a beautifully designed home
6. Passive design principles for energy efficiency and year-round comfort
7. Commanding views of surrounding mountains and vines
8. Spacious layout with master suite, guest wing, and third bedroom
9. Plans available for carport or garage addition
10. 18ha established vineyard leased to top winery
11. Lease extends to 2032 with renewal options
12. 10ha of Pinot Noir, 4ha of Chardonnay, and 4ha of Riesling varieties
13. 10ha of additional land suitable for vineyard expansion
14. Water rights in place for full development
15. Lessee maintains vines and infrastructure
16. Landlord only responsible for maintaining roads
17. Development potential for expanding vineyard or enhancing infrastructure
18. Located between Luggate and Cromwell, close to wine trails, amenities, and recreational activities
19. Prime investment opportunity for lifestyle and income
20. Rare gem in the heart of Central Otago's wine region.
