A luxury accommodation and corporate hospitality business, with the potential to be developed into a vineyard, has been placed on the market for sale.

Located in the heart of Marlborough's wine country, Brancott Ridge is surrounded by top wine labels including Spy Valley, Nautilus, Brancott Estate, Terravin and Cloudy Bay.

The majority of the property's 13.52 hectares is currently divided into five paddocks, three of which are deer fenced, for the purposes of grazing sheep, cows and horses.

However, there are irrigation rights through the Southern Valley Irrigation Scheme allowing for three hectares of grape vines to be developed on the land.

The four bedroom contemporary homestead, built in 2003, is currently used as a luxury home, private lodge and as a venue for corporate hosting.

Brancott Ridge has been placed on the market by Bayleys for auction on July 16. Marketing the property for sale are Bayleys Marlborough viticulture specialist Tim Crawford and Bayleys Marlborough salesperson Sophie Greer.

Mr Crawford said Brancott Ridge would most likely draw interest from those seeking a rural lifestyle with multiple income sources, and those looking to gain a foothold in the Marlborough wine industry.

"The vineyards operating in Brancott Valley have earned a reputation for producing some of New Zealand's best Pinot Noir," he said.

"Three hectares of grapes would be enough to produce about 60 barrels or 1500 cases of Pinot Noir a year. Should the new owner wish to cultivate the land for this purpose, this may enable them to create their own boutique label, or perhaps produce grapes for the purposes of supplying other labels, or lease the land to other growers.

"Alternatively, the owner may wish to draw income from the existing set-up, or potentially develop the accommodation side of the business."

The 355 square metre homestead features two ensuite guest suites situated at one end of the home, ensuring privacy for guests, and two bedrooms at the opposite end of the property with a private living area.

The Wither Hills and Richmond Hills guest suites both sleep two people and feature a television, air conditioning, wireless broadband access, and a complimentary breakfast. Both rooms are rented out for a rack rate of $380 in summer.

The homestead also features a guest lounge, office, and recreational amenities such as a solar heated outdoor swimming pool.

There is also a fully equipped professional kitchen, including a six-burner gas hob, three ovens, and walk-in pantry. The kitchen has been used on numerous occasions for corporate entertaining.

Degustation menus have been prepared by professional chefs, including award-winning New Zealand chef Martin Bosley, for several well-known local wine companies.

The adjacent dining area, with direct access to the outside grounds, can seat 20 people, and can cater for groups of about 100 people cocktail-style.

Brancott Ridge's elevated position allows for views of the Richmond and Wither Hills, across to the Wairau Plain and Cook Straight. The property is located 15 minutes from Blenheim, 10 minutes from Blenheim airport, and 35 minutes to the ferry terminal at Picton.

"The design of the building holds great appeal for entertaining as every part of the building was designed to make the most of the surrounding views of the countryside - with floor to ceiling windows provide stunning vistas across to the valleys and mountains beyond," Mr Crawford said.

Other buildings on the property include a three-bay implement shed, deer handling facilities and a loading ramp.

The grounds also contain a large pond skirted with established native plantings, attracting ducks and other native wildlife. An automatic irrigation system operates in the front and back gardens of the homestead.