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1034 Luggate-Cromwell Road, Cromwell, Central Otago, Otago, 0 Bedrooms, 0 Bathrooms, Viticulture

By Negotiation

1034 Luggate-Cromwell Road, Cromwell, Central Otago, Otago

150006m2
ViticultureListed on Tue Apr 30
$14,615/Monthly repayments
Based on estimate value
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Cromwell Premium Central Otago Vineyard

Situated close to Cromwell and surrounded by rural horticultural and viticultural properties is this North facing 15.0006ha property with 12.5ha planted in Pinot Noir, Pinot Gris and Chardonnay producing grapevines.

The property was carefully selected by the vendors some 23 years ago, for its high sunshine hours and depth of soils, these being Annan moderately deep silt sandy loams over ancient gravels.

The proof of the selection of the property is the quality of fruit and is evidenced by the long-term relationship and contracts with renowned wineries. These same wineries have indicated the desire to continue with the new owners. The vineyard presently shares machinery with a neighbour orchard, this can be negotiated to continue along with options to manage the orchard.

There are two Orchard Rite wind machines for frost fighting and an abundance of water for irrigation. A shed provides staff amenities plus several powered camp sites. Additional shed for storage of equipment. After 23 plus years of ownership our vendors have new plans and seek all genuine offers.

Location

Estimate update: 2024 05Data Disclaimer
Low$2,385,000
Mid$2,460,000
High$2,535,000

Estimate accuracy

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Council Data

Last update : 2024 05 15
Improvement value$1,240,000Increased by 11% from year 2019
Land value$1,470,000Increased by 40% from year 2019
CV(Year 2022 Month 10)$2,710,000Increased by 25% from year 2019
土地面积
土地面积150006m²
地契编号
地契编号921910
地契类型
地契类型Freehold
法律描述
法律描述LOT 3 DP 300306
市议会
市议会Otago
产权描述
产权描述FSIM,1/1,LOT 3 DEPOSITED PLAN 300306
建筑规格
建筑规格External Walls: Unknown Roof: Unknown
建筑现况
建筑现况External Walls: Unknown Roof: Unknown

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Cromwell Primary School
10.74 km
小学
1-6
公立学校
男女混校
EQI: 422
9

Property history

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For developers

Unitary plan:-
Land:150006m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone
Promote

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
4.30 km
4
205m2
Year 2024 Month 03 Day 22
$1,800,000
Council approved
4.41 km
4
2
285m2
Year 2024 Month 02 Day 09
$1,250,000
Council approved
4.60 km
4
193m2
Year 2024 Month 02 Day 08
$1,148,000
Council approved
4.55 km
1
0m2
Year 2023 Month 12 Day 18
$647,300
Council approved
4.59 km
4
154m2
Year 2023 Month 12 Day 18
$970,000
Council approved

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Ref:CRO39583Last update:2024-04-30 14:16:13