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Ascensions Wine Estate - Matakana's Finest

By negotiation

The Ascensions Wine Estate combines the assets

  • Ascensions Vineyard Holdings Ltd 
  • Ascensions Osteria Ltd 
  • Ascensions Wine Ltd 

and sits on 7.56 Hectares at 480 Matakana Rd, Warkworth. Which will be approx 3min from the end of the Puhoi to Warkworth motorway extension due to be completed in May 2022, via the Link Rd connecting to Matakana Rd. 

Ascensions Wine Estate has operated successfully as Restaurant, Conference Centre, Wedding Venue, Vineyard, Winery and Events Centre. 

The entities combine to consist of  

  • 7.56 Hectares Land of which approx 3.71  are planted in vines some up to 25 years old – deemed to be at their peek production. 

  • A fully equipped Restaurant, Dining Room, Commercial Kitchen and Bar 

  • A fully equipped Conference Centre capable of seating 200+ with its own 2nd commercial Kitchen separate from the Restaurants kitchen. 

  • A fully equipped Winery with Presses, Bottling, Labeling machines, Barrels and Vats , Underground Cellar plus a 10,000 bottle wine inventory. 

Included in the sale are;

  • All  chattels, plant, equipment and goodwill associated with the Ascensions entities 

  • The 10,000 bottle wine inventory, most of which have a RRP of $40-$60ea on the Ascensions website. 

  • The proposed subdivision of the 7.56 Ha into two titles –

  • Lot 1 of 2.61Ha and
    Lot 2 of 4.95 Ha 
  • The Granted Resource Consent (July 2019) to build and operate 11 visitor accommodation units each of 75m2 together with 1 Reception and Managers accommodation building of 90m2 on Lot 1. 

Currently properties in Matakana are in high demand and we anticipate this demand to grow further once the motorway extension Puhoi to Warkworth is completed in May 2021. This is a sizeable plot with mature vines, extensive plant and equipment, and a solid trading history. The estimated replacement cost is upwards of $25m.  

Details

td>Warkworth
District
Price By negotiation
Business ID 26
Land Area 7.56 ha
Office Area 65m2
Warehouse Area 118m2

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