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.
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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.
Chris Hutching for NBR NZ Property Investor
Thu, 01 Nov 2012
Thu, 01 Nov 2012
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Tetley Brook vineyard in receivership
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