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Wickham Vineyard sold for £1.6m
Updated 10:58am Tuesday 27th May 2014 in News
A HAMPSHIRE vineyard has been sold to one of the biggest wine producers in Britain.
The property comprises a well-established vineyard extending to 16 acres, a restaurant, a four-bedroom 2,174 sq ft detached house and various winery buildings used to produce, store and sell wine.
Savills carried out the deal.
Ian Simpson, director of leisure and trading at Savills, said: “This was a rare opportunity to acquire an established vineyard, which has great potential for the expansion of the existing winery, wedding venue, restaurant and visitor attraction business on site.”
Thomas Shaw, managing director of Three Choirs, said: “The purchase of Wickham Vineyard was partly driven by the very strong demand for English still wines, demand that far exceeds our current production levels.
“We are delighted to have purchased such a wellknown vineyard and look forward to restoring it to its former glory as a producer of quality English wines.”
The site ran into trouble last year and led to a management buyout before going into receivership.
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