Sign up

Listed 5 days ago

ID#584423

1005 Luggate-Cromwell Road,

Cromwell

Central Otago
$8,000,000 + GST (if any)
3
3
400 Ha
(988 Acres)

Premium Vineyard & Exquisite Home Near Cromwell

This is your opportunity to own one of Central Otagos 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 Otagos 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 near Luggate and Cromwell, this property enjoys proximity to Central Otagos wine trails, amenities, and recreational activities, making it a prime investment for those seeking a blend of lifestyle and income.

Dont miss the chance to own this rare gem in the heart of Central Otagos 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 today on 021 727 888 or email adrian@tourismproperties.com

Ask a question about this property

Please leave this field blank:
NAME
EMAIL
MESSAGE

Location

Points of Interest
    Loading...

Agent

Adrian Chisholm

Tourism Properties

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

Adrian Chisholm has extensive knowledge and understanding of the tourism, hospitality and leisure sectors. He has held several senior positions and directorships throughout the industry in New Zealand, Australia and the South Pacific Islands after completing the NZ Hotel Management Course at CIT in 1976. Adrian’s passion for the industry has developed over 30+ years of Hotel, Motel and Resort Management, Management Rights Operations, Property Developments, Ownership, Consulting, and now as an expert Tourism, Hospitality & Leisure Real Estate Business Broker in New Zealand. His boutique tourism, hospitality & leisure real estate brokerage company continues to be a market leader in Tourism Realty in New Zealand.

read more

This property was photographed by

Isaac Norton

Media Specialist

Queenstown

ID#584423

1005 Luggate-Cromwell Road,

Cromwell

Central Otago
$8,000,000 + GST (if any)
proudly marketed by
Adrian Chisholm
Tourism Properties
Adrian
021 727 888
Message Me

Leave a message for Isaac Norton

Please leave this field blank:
I Would like to
NAME
EMAIL
YOUR AGENT'S NAME
PHONE
MESSAGE
SALE ORDER