More properties with vineyards or the potential to be planted with vines are on the market in the Waitaki Valley under mortgages held by Rabobank.
Six lots totalling about 65.5ha, part of the pioneering vineyard subdivision by the late Howard Paterson, of Dunedin, are being advertised for mortgagee sale through PGG Wrightson and CRT Real Estate.
One of the agents handling the sale, Laurie Farmer, said the lots were owned by different companies but were part of the subdivision carried out by Mr Paterson.
The sale comes at the same time Italian Antonio Pasquale has placed his Kurow Winery with its 13ha vineyard, 15ha of bare land and wine-processing plant, restaurant and cellar door on the market.
Mr Farmer said the two sales were not linked, but had occurred at the same time through a number of circumstances.
Late last year the blocks being offered for mortgagee sale by Rabobank were being prepared for the market, but that process had only recently been concluded, he said.
The sale is six lots of land and a further lot, which is a water right from the Otiake River.
They range in size from one lot of almost 65.5ha of bare land in nine titles to a 2.357ha lot, which has a small dam and barn-style building.
Three of the lots have some vines planted and two are bare land.
The lots are owned by various companies - Otago Station Vineyard Ltd, Waitaki Valley Viticulture Services, Waitaki Valley Wines, Otago Stations Estate, Waitaki Whitestone Ltd and Grants Rd Vineyard.
The sale is by deadline of 4pm on April 30.
