Tetley Brook vineyard in receivership

A Marlborough vineyard that failed to sell late last year has now been placed on the market in a mortgagee sale.

A Marlborough vineyard that failed to sell late last year has now been placed on the market in a mortgagee sale.

The 49ha vineyard at 154 Tetley Brook Rd is being marketed by Bayleys.

The receivership report reveals $4.2 million is owed to Rabobank and lesser amounts to unsecured creditors.

The company is also in a dispute over a claim for costs over a failure of a spillway dam.

Land records show a rateable value of $3.8 million.

The property is owned by Nelson Collective, whose directors and shareholders include Gene Cooper, Colin Coote and Deborah Olsen.