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108 Oroua Road, Kairanga, Manawatu

Enquiries Over $2.85M

960m²

12.22ha

Equestrian Centre With Upside

Not only is this extremely well located, 30-acre property a brilliant horse set up, but it also brings in an excellent income for the current absentee owner. Situated within 12km from Palmerston North and easy commute to Feilding Ohakea and Whanganui. This exciting opportunity will not only cater for the horse loving family but could suit investors. No water issues here with 12 X 25,000 litres water tanks and bore water to the farm troughs. The many superb features are a horse owners dream. Included is a horse walker, circular breaking in pen, 16 covered tie ups, washdown area and rug room. The main block consists of 6 tie ups with 6 stables, wash down area, office, staff kitchen, shower, two toilets, feed room, tack room and above is a very comfortable 3-bedroom apartment with expansive views of the property. Two horse arenas are well located to this main block making everything flow smoothly. 29 subdivided paddocks plus 36 yards. A gorgeous modern home, with 3 bedrooms, master with an ensuite in a private setting compliments this property. A saddlery operates above the third modern, building. This could be changed back to a 5-bedroom home with internal access and three car garaging. A 2-bedroom stand-alone house at the rear of the property, is a bonus. Not currently promoted are 8 plugs in camping sites with an ablution block including two separate disabled toilets and showers, a kitchenette and laundry. Large sheds that would accommodate two horse trucks or camper vans. This property provides facilities for popular horse clinics. Been so close to Palmerston North it is a perfect property for the passionate horse owner to pop out in the lunch hour to take a cover off etc. or a horse racing venture. Do not delay putting this property on your list as it could lend itself to other enterprises. Reap the benefits from the passive income, as current excellent tenants in all four houses, saddlery business and manager happy to stay on. For more photos, please copy & paste the following link kyrewood.ppp.net.nz/

Additional details

Type

Lifestyle Property

Property ID

FDG38387

Listed on

27/09/2023

Updated

20/09/2024

Data

Property insights

OneRoof estimateRating valuationProperty history

Rating valuation

Property data

Broadband available

Land area

12.22ha

Title

1072423

Legal description

LOT 1 DP 578720

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Kairanga, Manawatu

Kairanga is a suburb which lies within the Territorial Authority of Manawatu, one of 22 residential suburbs which form the wider region. Kairanga is the 9th largest suburb of Manawatu in terms of the total number of residential housing stock. Kairanga provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Kairanga is made up of approximately 24% residential housing and 76% lifestyle properties.

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