Huge vineyard holding for sale

CHLOE WINTER
Last updated 12:29 08/04/2014

Relevant offers

A Marlborough grape growing estate has put 440 hectares of vineyards near Seddon on the market.

Saint Lukes Estate Wines listed their vineyards for sale with Harcourts Marlborough last month and rural and commercial sales manager Tom Rutherford was appointed to sell the land on behalf of co-founder and director Graeme Giles.

Rutherford said Giles was ready to sell the land to focus his energy on other business ventures.

"It's time for a change," Rutherford said.

"He spent many years building Saint Lukes up. The stepping stone is there.

"It's healthy to see big vineyards changing hands - it shows people are growing."

Giles co-owns Annies Cafe and Bar, a fruit bar manufacturer, with his wife Annie. The Grovetown firm was put into receivership last year.

This sale was in no way connected to Annies voluntary receivership status, Rutherford said. The two entities are different companies.

The land for sale is 7 kilometres from Seddon and includes two homesteads, one a 1940s home, as well as storage and implement sheds.

There was a potential for expansion, with 40 hectares of land unplanted.

The planted land was made up of sauvignon blanc and pinot gris vines.

There had been good interest in the property already, Rutherford said.

"Everyone wants a piece of Marlborough. This place is in the same neighbourhood as Peter Yealands. It's a big deal with prominent positioning."

Ad Feedback

- The Marlborough Express

Comments

Special offers
Opinion poll

Is the region better served by having multiple events over one weekend or spread out throughout the year?

Multiple events

Spread out over year

Vote Result

Related story: (See story)

Featured Promotions

Sponsored Content