The subject property is located in the highly desirable and much sought after Puketapu lifestyle district, situated in close proximity to Taradale and Napier city and an easy commuting distance to both Hastings and Havelock North.
The property comprising 8.8253ha is a fully certified BioGro IFOAM organic vineyard, with many appealing features. It is situated on an elevated rectangular terrace which the vendor advises is frost resistant under the current management regime and provides wonderful views overlooking the surrounding countryside.
The 7.38ha vineyard is planted in Merlot and Chenin Blanc grapes with a robust supply contract to Giesen Wines and Pyramid Valley Vineyard.
Water is sourced from a 150mm bore with registered easement.
Improvements include a four bay fully enclosed workshop with concrete floor, three phase power and reticulated compressed air system, a three bay implement shed with enclosed secure office and smoko room. There is an independent chemical shed with 'tank fill' area and new pump shed.
The four bedroom home (master with ensuite) has separate lounge, dining and living areas opening onto a large north facing deck with panoramic views. The home incorporates an integral double garage.
Moteo Terrace Vineyard offers a wonderful business / lifestyle opportunity, being close to the Puketapu Village with its highly regarded Primary School and Pre School Centre, General Store / Post Office, Pub / Restaurant, Rural Supply Store and Garage.
Land Value $500,000
Improvement Value $750,000
Rateable Value $1,250,000 (1 Aug 2013)