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1005 Luggate-Cromwell Road, Mount Pisa, Central Otago

$8,000,000

3

Premium Vineyard & Exquisite Home Near Cromwell

This is your opportunity to own one of Central Otago’s finest vineyard properties, offering an exceptional lifestyle, income potential, and room for further development. Set on over 40 hectares of breathtaking land, this property combines the allure of a thriving vineyard with the comfort of a beautifully designed home.

Property Highlights

Home Features:

- A stunning 3-bedroom residence built to passive design principles, ensuring energy efficiency and year-round comfort.
- Commanding views of the surrounding mountains and vines, creating an unmatched sense of tranquility.
- Spacious layout includes:
- Master suite with ensuite bathroom.
- Guest wing with its own ensuite bedroom.
- A third bedroom with a separate bathroom.
- Plans are available for the addition of a carport or garage, offering further convenience.

Vineyard Investment:

18ha established vineyard leased to one of Central Otago’s top wineries (lease extends to 2032 with renewal options).
10ha of Pinot Noir, 4ha of Chardonnay, and 4ha of Riesling varieties.
10ha additional land suitable for vineyard expansion, with strong interest from other top wineries in the region.
Water rights in place to fully develop the property.

Lease Benefits:

The lessee maintains the vines, posts, wires, and irrigation infrastructure while also covering rates, power, and insurance. As the landlord, your only responsibility is maintaining the low-maintenance roads on the property.

Development Potential
This property offers ample room to grow, whether expanding the vineyard or enhancing the existing infrastructure.

Location
Nestled near Luggate and Cromwell, this property enjoys proximity to Central Otago’s wine trails, amenities, and recreational activities, making it a prime investment for those seeking a blend of lifestyle and income.

Don’t miss the chance to own this rare gem in the heart of Central Otago’s wine region. Contact us today for more details or to arrange a viewing.

For further information or to arrange a viewing, please contact specialist Accommodation Business Broker Adrian Chisholm today on 021 727 888 or email adrian@tourismproperties.com

Additional details

Type

Home & Income

Property ID

75160

Listed on

26/11/2024

Updated

26/11/2024

Property insights

OneRoof estimateRating valuationProperty history

Rating valuation

OneRoof mentions

Listed for sale on OneRoof for 227 days (last updated on 26 November) and was last sold in 2000 for $145,000. Its latest rating valuation by Central Otago council is $3,830,000 as of 2022. There are 38 3-bedroom properties for sale nearby. There are 148 properties for sale in Mount Pisa.

Property data

Broadband available

Land area

48.17ha

Title

OT19A/907

Legal description

LOT 4 DP 27494

About the area

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Bedrooms

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Time (yrs)

5 yrs

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Cromwell, Central Otago

Cromwell is a suburb which lies within the Territorial Authority of Otago, one of 23 residential suburbs which form the wider region. Cromwell is the 2nd largest suburb of Otago in terms of the total number of residential housing stock. Cromwell provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Cromwell is made up of approximately 90% residential housing , 1% residential investment housing and 9% lifestyle properties.

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