236 Letts Gully Road, Alexandra, Central Otago

Set on 7.3850 hectares in the heart of Central Otago, 236 Letts Gully Road offers a rare chance to secure a beautifully renovated home with flexible income streams, ideal for buyers seeking a lifestyle property with business potential.

The spacious four-bedroom residence includes a separate studio room, multiple living and entertaining areas, and stunning north-facing views. Currently operating as a boutique bed and breakfast, the home is cleverly configured to provide private guest accommodation while maintaining separation for owners.

Adding to the appeal is a small-scale Pinot Noir vineyard and a licensed cellar door, offering direct-to-consumer wine sales under the established Grey Ridge brand. These elements complement the accommodation business and provide scope for additional income, or can be scaled to suit your lifestyle.

Key Highlights:
•7.3850 ha of freehold land with elevated views
•Renovated 4-bedroom home + separate studio with ensuite
•Established bed and breakfast with private guest wing
•Boutique Pinot Noir vineyard (4 ha) with cellar door
•Multiple indoor/outdoor living and entertaining areas
•Spacious 2-car garage and extra 2-bay garage plus workshop
•Solar panels, bore water, and irrigation infrastructure
•Peaceful, north-facing aspect with all-day sun

Whether you're looking to host guests, run a boutique wine and hospitality venture, or simply enjoy the privacy and space, Grey Ridge offers a versatile home- and-income opportunity in one of New Zealand's most desirable regions.

For Sale by Negotiation