Mt Rosa put up for sale

On Valley winery Mt Rosa Estate Ltd, which has about 12ha of established vines, has now been put on the market.

Mt Rosa Estate Ltd, which is being advertised as Kawarau Villa Estate Winery, was placed in receivership in June by its bank.

It also has debt to Inland Revenue.

It was separately placed in liquidation last week by a wine sector services company.

Neither the receivers Deloitte, nor liquidators Insolvency Management, both of Dunedin, were able to yet estimate the extent of the respective debts.

Deloitte receiver Vicki Botting said a valuation was still being done on the property.

The tender is open until August 1.

The winery is on the market with Harcourts, as a commercial and/or residential vineyard development, spread over three lots totalling about 21ha, which include 8ha of pinot noir, 2ha of pinot gris and 2ha of sauvignon blanc.

There are also consents in place, on 3ha of land, for a 22-room lodge, 160-seat restaurant and 300sq m retail area and wine storage.

Mt Rosa Estate Ltd's sole director is Stephen Laing, of Queenstown, who is 64% shareholder, along with 36% shareholder John Williams, according to Companies Office records.

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