The sale of an established vineyard and winery on the edge of the Lincolnshire Wolds has been described as ‘an incredibly rare investment opportunity’.
Somerby, which stocks its wines in a number of retail stores throughout the UK and has picked up awards at both the UKVA and IWC competitions, is planted with 9,000 vines and includes an established winery that is capable of vinifying 20,000 litres. It has been put up for sale with a guide price of £700,000.
The vineyard is currently planted with Pinot Noir, Solaris and Rondo vines and has the potential to be planted with a further 3,000 vines. As well as the opportunity to invest and expand within its existing boundaries, there is the potential to rent a further 2.5 acres of additional land planted with 1,500 vines, subject to negotiations.
The winery could be expanded to vinify from 20,000 to 150,000 litres, should it be required by an incoming purchaser.
The site offers huge scope for expansion through the growing viticulture tourism industry. Potential opportunities include but are not limited to glamping pods, construction of formal tasting room, picnic within the vines and café. The further development of the site will be subject to securing the necessary planning permissions.
Somerby vineyards under the careful management of the existing owner and previous employees have produced wines that have won numerous awards over the last few years; including a Gold at the English and Welsh wine of the year awards 2014, The President’s Trophy for the best small production vineyard in the UK in 2014 and a Bronze at the International Wine Challenge 2018. They have produced a variety of different wines including a sparkling wine.
Henry King, farm agent at Savills in Lincoln who is handling the sale, said: “It is very rare that such an established vineyard and winery is brought to the market, let alone one that has such good potential to be expanded and with the ability to produce and bottle on-site. With the future of UK viticulture looking rather exciting, the sale of Somerby represents a fantastic investment opportunity with the potential to further adapt or extend and create a supplementary revenue stream, such as glamping and winery tours, subject to the necessary consents.”
Somerby Vineyard and Winery is being sold by Savills.