Nestled in the sought-after wine region of Martinborough, the Butterworth Estate vineyard and winery is being presented to the market, offering buyers the opportunity to secure a premier asset in one of New Zealand’s most high-profile industries.
Located on Te Muna Road, approximately 7km south-east of Martinborough, Butterworth Estate consists of two freehold titles totalling 28.09ha of land.
The winery and vineyard block spans 19.44ha and Campbell’s Block, which comprises 8.65ha of bare land that is currently lying fallow, completes the site.
The vineyard can be expanded onto Campbell’s Block, and they can be purchased individually or as a combined offering.
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At the winery and vineyard block, 15.361ha is currently planted with a mix of pinot noir (9.779ha), chardonnay (2.46ha), sauvignon blanc (2.827ha), and riesling (0.295 ha). Frost protection is provided by four Orchard-Rite frost protection machines.
The vineyard is complemented by a 90-tonne winery and a newly constructed 340sq m four-bay Kiwispan implement shed for farm machinery storage, complete with offices and a workshop.
A refurbished, two-storey, three-bedroom 180sq m property, known as Butterworth Cottage, is currently used for short-stay accommodation at the vineyard.
This offering represents a unique opportunity to acquire Butterworth Estate’s prime vineyard assets, including land, vines, buildings and plant, and equipment.
The brand, IP, and stock of this premium Martinborough wine company can also be purchased separately by negotiation.
Mike Laven, Rural & Agribusiness Special Projects Director at Colliers, has been exclusively appointed to sell the viticulture assets of Butterworth Te Muna Estate Limited by tender and the deadline for offers closes at 2pm on Wednesday 16 November.
Butterworth Estate is a boutique winery that was established by the late Wim Julicher in 2000.
The vineyard was first planted in 2001 and the most recent plantings of chardonnay and pinot noir were added in 2020-21.
Laven says this property offers buyers the opportunity to purchase a well-established vineyard with mature pinot noir and chardonnay vines that has long-term growth potential.
“Martinborough is internationally recognised as one of New Zealand’s premier wine regions, particularly for its pinot noir, and demand continues to rise,” Laven says.
“Although the region produces only 1 per cent of New Zealand’s total wine production, it punches above its weight with prominent labels such as Ata Rangi, Craggy Range, Dry River and Escarpment, among others, which are all consistently rated as some of the top wineries in the country.”
Laven recently sold the Dry River Wines business and property assets, which attracted an array of international and domestic parties and put Martinborough in the spotlight.
“There has been heightened interest in acquiring these wine estates in recent months and the region has continued to be an attractive location for overseas and domestic high net worth individuals and wine companies to invest.
“We have a steady stream of buyers who are looking to invest in Martinborough, and Butterworth Estate is generating significant interest as investors recognise that this is a very rare opportunity to acquire a commercial scale vineyard with mature pinot noir and chardonnay plantings.”
- Article supplied by Colliers
