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1427 Luggate-Cromwell Road, Cromwell, Central Otago, Otago, 4 Bedrooms, 2 Bathrooms, Viticulture

By Negotiation

1427 Luggate-Cromwell Road, Cromwell, Central Otago, Otago

4
2
1
420m2
110900m2
ViticultureListed on Wed Dec 22
school zone
$10,798/Monthly repayments
Based on estimate value
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Cromwell Wine country lifestyle opportunity

Surrounded by Central Otago's natural beauty this established vineyard block sits below the Mt Pisa range and offers a total of 11.09ha (more or less).

The vineyard was established in the early 2000's and has an area of over 5ha planted in predominantly Pinot Noir but also producing Pinot Gris with ample supply of water for irrigation and frost fighting, with complete frost fighting systems in place. Choose to either manage the vineyard yourself or have another party manage it for you.

With 5ha of bare land, plant more vines or build your dream home with income. Dwellings include two homes consisting of the three-bedroom home plus the additional one-bedroom unit, a modern American styled barn, and a full range of other buildings. An additional area of flat land on the property is perfect for a dream home building site within the vines!

This magnificent property presents a unique opportunity for those seeking a boost to their current investment or get into the wine market and all only thirty minutes from Wanaka, a one-hour drive to Queenstown International Airport, and offers proximity to Cromwell.

With two blocks on offer there is an opportunity to purchase to invest in just one block or the entire property (25.14ha).

Call today to arrange your inspection.

Location

Estimate update: 2024 05Data Disclaimer
Low$1,760,000
Mid$1,817,500
High$1,875,000

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Council Data

Last update : 2024 05 29
Improvement value$850,000Increased by 23% from year 2019
Land value$1,150,000Increased by 59% from year 2019
CV(Year 2022 Month 10)$2,000,000Increased by 41% from year 2019
土地面积
土地面积110990m²
建筑面积
建筑面积582m²
地契编号
地契编号93447
地契类型
地契类型Freehold
法律描述
法律描述SEC 37 BLK I WAKEFIELD SD
市议会
市议会Otago
产权描述
产权描述FSIM,1/1,SECTION 37 BLOCK I WAKEFIELD SURVEY DISTRICT
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
Goldfields School (Cromwell)
15.21 km
小学
1-6
公立学校
男女混校
EQI: 429
8

Property history

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For developers

Unitary plan:-
Land:110900m²
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
0.78 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:4521035Last update:2024-05-14 14:30:48