Boutique winery and hospitality venue Colombo Martinborough is being presented to the market for sale, offering buyers the opportunity to acquire the property and business assets of a thriving enterprise in one of New Zealand’s most popular tourist locations.
Located at 107 Todds Road, Colombo Martinborough sits just off the town’s Golden Mile of vineyards and is easily accessible from Martinborough Square, the town centre.
Colombo has established a reputation for producing small quantities of elegant and expressive hand-crafted wines.
In recent years, the business has evolved from a winery-cellar door operation into a thriving and highly successful hospitality business, offering an attractive combination of wines and pizza, which are all made on-site.
Start your property search
The business has seen impressive growth during the past four years. Total annual revenue has more than doubled in that period despite restrictions on trading due to Covid-19.
The property has a total land area of 2.041ha with a 1.6ha pinot noir vineyard that was planted in 1999. The purpose-built winery and cellar door was constructed in 2014 and offers indoor seating for up to 100 people and an expansive outdoor area.
There’s also a commercial kitchen with a pizza oven and walk-in chiller as well as a two-bedroom vineyard house with a separate sleepout.
The business assets include winery equipment, vineyard plant and equipment, wine and food inventory, and the Colombo brand and intellectual property.
Located just 75 minutes’ drive from Wellington, Martinborough has developed an international reputation for its wine and for offering domestic and international visitors the best of town and country.
Mike Laven, rural & agribusiness special projects director at Colliers, has been exclusively appointed to market the property and its business assets for sale with the deadline for offers closing at 2pm on Wednesday 22 February, unless sold prior.
Laven says Colombo Martinborough is a highly desirable purchasing opportunity that will appeal to a wide range of buyers.
“Colombo Martinborough is recognised as one of the leading wine and food hospitality experiences in the area,” Laven says.
“There is now an opportunity for new owners to build on the strong foundations that have been built during the past eight years. As almost all wine sales have been made directly to purchasers who have enjoyed their experience at Colombo there is significant goodwill associated with the brand.
“Martinborough’s reputation as a top-tier wine producer has seen capital investment from across New Zealand and offshore. This opportunity should appeal to overseas investors as the Colombo land area is under 5ha, which means they will not need to secure approval from the Overseas Investment Office.”
Laven says the property and business offer considerable opportunities for future development.
“There is potential to grow the business through expanding the wine sales operation by exporting the wine internationally or selling via domestic distributors. There is also scope to enhance on-site production with further investment.
“Alternatively, the hospitality business could extend their trading hours, which could generate increased revenue.
“It’s incredibly rare to see a property of this nature being brought to the open market and it will generate strong interest among buyers. I encourage all interested parties to get in touch.”
- Article supplied by Colliers
