Slice of organic paradise for sale

A Marlborough property with 6.3 hectares of organic grapevines and a wedding venue is for sale.

The property, Bhudevi Estate, has 600 square meters of residential and commercial buildings – including a trio of five-star, selfcontained one-bedroom apartments and a three-bedroom homestead.

The sauvignon blanc vineyard has had an average harvest of 91.5 tonnes over the past four vintages, with the current owner selling under contract to three Marlborough wineries.

Bayleys Marlborough salesperson Andy Poswillo said the vines have returned an operating surplus of $104,000 per annum.

‘‘As well as producing a primary crop, the vines are an integral part of Bhudevi Estate’s hospitality operation – by offering a natural picture-perfect backdrop to the wedding event side of the business."

He said that any potential buyer would also have the option to negotiate for the purchase of an additional 20-hectare vineyard linked to the property.

The venue has been a regular participant in the Garden Marlborough Home and Garden Festival and is already signed up to participate in the 2020 House and Garden House Tours, raising funds for the Breast Cancer Foundation of New Zealand.

The estate has a separate function venue and accommodation arm.

In the 2018/2019 financial year, Bhudevi Estate hosted 10 weddings with the venue licensed to accommodate up to 200 guests.

However, Poswillo said there was are several opportunities for any new owner to grow this revenue stream – such as increasing the number of weddings, letting the suites out as part of a lodgestyle experience, or letting them through the likes of Airbnb, Poswillo said.

‘‘The venue’s apartments are of a standard and amenity quality you would expect to find in a presidential suite at a branded hotel chain – each featuring a spacious lounge, separate upstairs landing living room, and master bedroom with ensuite,’’ he said.

All of the apartments have shared access to an inground swimming pool surrounded by a resort-style tile and palm-tree lined area.

The property is for sale by negotiation through Poswillo at Bayleys Marlborough.

SUPPLIED Bhudevi Estate is a popular wedding venue set among an organic vineyard, and it could all be yours.