PRZOOM - /newswire/ -
Leeds, West Yoks, United Kingdom, 2010/12/16 - Wine enthusiasts can now earn a profit from their favourite tipple following the launch this week of a new vineyard leasing scheme which is the first of its kind in the UK - LeasingVines.com.
Ideal for wine lovers who dream of owning part of a vineyard, you can now lease vines in one of South Africa’s leading estates for an annual profit which can be taken as cash, up to 250 bottles of wine or a mixture of both.
Launched in the UK by Barringtons International, which has been specialising in leasing South African vineyards since 2007, the short-term, low risk investment scheme is offering one year leases starting from just £1,500 for a 1/3 acre (200 vines) with a potential return of between 17 and 36% per year.
Unlike other small scale vineyard leasing schemes which are popular in the UK, leaseholders profit directly from the sale of wine produced from their own vines which will be situated in one of South Africa’s finest wine producing regions including Constantia, Stellenbosch, Paarl and Franschoek. All vineyards included in the scheme have been established for over 15 years with all vines are insured and guaranteed to be replaced if damaged or destroyed.
There are one, two and three year leasing opportunities available with potential profits increasing, the longer the lease term. Annual lease costs start from £1,500 with typical yearly returns at 17% for a one year lease, 24% for two years and 36% for three years. For wine drinkers who would prefer to receive their profit as wine, bottles can be individually branded up, making the ideal present or talking point at any dinner party.
To help leaseholders keep up to date on their vines, status updates and news on the vines, vineyard and pricing are sent regularly. Barringtons International will even help you arrange a visit to South Africa to tour your own vineyard and view your vines. In return, the scheme supports South African vineyard owners by providing farmers with an alternative form of cash investment.
Lance Pye, CEO of Barringtons International, said: “The South African wine industry is going from strength to strength and the wines being produced here are on par with some of the best in the world.
“We are offering UK wine enthusiasts the chance to become part of this booming industry, a market place which until now has been completely untapped. The uniqueness of our offering is that returns are based entirely on sales produced from your own vines, which be returned as either cash, wine or a mixture of both.
“It is a unique model that will give people who have a passion for wine the chance to profit from their interest. The scheme has proved extremely popular in South Africa and our current investors are receiving average annual profits of up to 36% which we aim to replicate in the UK.”
The vineyards in Barringtons International’s portfolio which are available for investment include 300 acres owned by PGA golfer David Frost whose family have been in the winemaking business in South Africa for over 60 years. Situated in the Paarl region, grape varieties include Cabernet Sauvignon, Merlot, Pinotage, Shiraz, Cabernet Franc, Petite Verdot and Malbec. Also amongst the portfolio include Bayede wines which are produced for His Majesty King Goodwill Zwelithini kaBhekuzulu. The Royal Zulu household is the beneficial owner and endorser of this wine and all bottles bear the Royal crest.
For more information about Barringtons International visit LeasingVines.com/.