Viticulture

"Marlborough at its finest"

Awatere Valley, Marlborough The total area of the estate is 293 ha with 180 ha of planted Sauvignon Blanc Water storage dams of 200,000 cbm Drawing rights from Awatere River of 3,442 cbm/day and multiple creeks on property 6 km of Awatere and Black Birch river boundaries Royalties of approx $100,000 p.a. from on site quarry Grape purchase contracts with two major wine companies in place Management contract available for absentee owner Zoned Rural 3, which allows subdivision into 20 ha lots Property has established 600 m airstrip and stocked trout pond THE PROPERTY LOCALITY The Vineyard is located on Awatere Valley Road, Seddon, Marlborough. 19 Kilometres Northwest of Seddon Township 36 Kilometres from Blenheim 19 Kilometres - Primary School - Seddon 36 Kilometres - Secondary School - Blenheim 36 Kilometres - Fertiliser Works - Blenheim 36 Kilometres - Main Centre - Blenheim LAND The property has been developed as an intensive vineyard, where possible with notable features pertaining to the land summarised as follows: SHAPE & WORKABILITY The vineyard development is contained in a number of blocks that has been dictated by the contour of the land. From a viticulture perspective though, it can allow for various blocks to be established and identified portraying unique sites that can influence the quality and quantity of grapes produced within a single vineyard. Due to the contour of the land and the mixed uses of land, there is a large amount of area uncontained in the vineyards that has ornamental and aesthetic value to the property, but limited added value in respect of a commercial vineyard property. The majority of the property is situated on an elevated terrace above the Awatere River corridor. There are some lower terraces adjoining the Awatere River corridor, although we are advised that these are not prone to flooding. COVER DESCRIPTION APPROX.AREA Plantings, approx. 180 ha Headlands, approx. 15 ha Plantable, approx. 20 ha Unplantable wetlands, bush areas, approx. 72 ha Buildings, dams and reservoirs, approx. 6 ha Proposed Title Area 293 ha GRAPE VARIETY Sauvignon Blanc Planted from 2004 140 ha - 2005 40 ha Has additional 20ha of plantable grape land. SOILS Predominately Silts and Sandy Loams CLIMATE The Awatere district experiences an inland Marlborough climate with normally hot dry summers and cool winters. TEMPERATURES -3 degrees to +38 degrees 2528 Recorded Sunshine Hours in 2006 RAINFALL 500-800mm p.a. WATER Storage Dams 200,000 cbm - efficient mix of gravity feed and pump irrigation system. WATER PERMIT Awatere River 3,442 cbm/day 6kms of Awatere River Boundary BUILDING IMPROVEMENT Main Pump Shed Second Filter Shed Vineyard Toilets Storage Shed PROJECTION FIGURES 2008-2012 SEASONS Gross income estimated at $19,440,000 over 5 years includes 2012 season harvest. SUMMARY The property has been fully planted in Sauvignon Blanc variety and is established on 2.4-metre rows with 1.8 metre between the vines within the rows. The trellising for the vineyard has utilised timber strainers of increased length than normal strainers, together with 110mm quarter round posts as the internal timber structures. The internal bays are positioned at a spacing of 7.2 metre with four vines per bay. The trellising includes an irrigation wire, with irrigation positioned off the ground, two fruiting wires and four tucking wires. A large portion of the stage 2 (2005) plantings, consist of an irrigation wire and one or two fruiting wires with no tucking wires. These vines are still establishing and yet to reach or require the additional tucking wires. All the plants have been grown on selected rootstocks and clones, which provide certainty for vine health and resistance into the future. The vineyard has been orientated where possibly on a near north-south access, although some rows vary from this, depending on the shapes of the block are the most effective way to undertake vineyard establishment. DISCLAIMER Prime Pacific Properties Limited and the vendors of this property whose agents we are, give notice that the particulars set out in this document are provided as a general outline only for the guidance of prospective purchasers and do not offer or form part of any contract. Potential purchasers are placed on notice that it is their responsibility to carry out such checks, as they deem appropriate on the accuracy of the information contained herein and to satisfy themselves as to the nature of the property they are proposing to acquire.

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