410 Kerikeri Road, Kerikeri, Far North

Ticket to a new life in subtropical Northland

The cottages at Palm Grove are host to a broad range of guests from tourists and domestic travellers to family groups and corporate representatives. Their appeal is enhanced by the peaceful, private and established grounds, once a showcase site for a subtropical nursery and previously part of the Kerikeri Garden Safari. With abundant bird life and lush surrounds, visitors comment on the beauty and tranquillity of this property.\n\nThe property is held in three titles and is just over two hectares in size. The main title holds six of the free-standing cottages. On a separate title is the owners' accommodation, comprising of two bedrooms, two bathrooms and two further separate self-contained flats. The well-equipped and roomy cottages are presently used as a tourist accommodation business. A new owner need not have previous experience in the hospitality industry as the current owners are happy to ease a new owner in to the operational side of the business.\n\nBeing on the left side of the road as you travel into Kerikeri, Palm Grove is the perfect location for an accommodation business. It is an accessible and affordable option for guests with a range of lodging rates depending upon season and size of unit. \n\nThe business is Qualmark rated at four stars in the motel category. Six of the seven units are freestanding; the seventh is an annex to the main house. Given the two and three bedroom configurations of the cottages, family groups or budget travellers particularly rate this property for convenience and affordability. The cottages have their own full kitchens and laundry facilities plus generous parking; two have their own garage and a third has its own car-port. \n\nPeak season occupancy has varied between 50 to 73 per cent in recent few years so there is definite scope for business growth with some savvy marketing and lateral thinking. The accommodation is always fully-booked during the Kerikeri half marathon. \n\nThe current owners have used the business as a vehicle for immigration and now residency, so the property may appeal to overseas couples or families wishing to settle in New Zealand.\n\nJust 850m from the centre of Kerikeri township, this quiet property lends itself to redevelopment or land banking for the future.\n\nA site of this size with infrastructure and established plantings in place is a rare opportunity in Kerikeri and especially so close to town. Some creative thinking could evolve the property into a retirement complex, a corporate retreat, a training or respite care facility or perhaps there could be some investigation as to the feasibility of subdividing the property to optimise its multi-titled status. \n\nThink big; call David Baguley on 021 831 440 to find out more about this opportunity.