Vineyard hits the market with £700,000 asking price

A vineyard and winery on the edge of the Lincolnshire Wolds which has been placed up for sale has been described as “an incredibly rare investment opportunity”.

Somerby, which stocks its wines in 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. There is also 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.

Agent Savills says the the site offers “huge scope” for expansion through the growing viticulture tourism industry. Potential opportunities include glamping pods, construction of a formal tasting room and picnics within the vines and cafe.

Henry King, farm agent at Savills in Lincoln and 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.”