A rare opportunity has arisen to purchase a sizable and subdividable piece of land in the heart of Kerikeri.
The iconic and popular Kerikeri Holiday Park and Motel is for sale by Harcourts Bay of Islands agents Bill Easton and Jay Prestt, providing multiple possibilities to the purchaser.
There are various options to maximise returns from the property. Given the location, the shortage of subdividable land within walking distance of town, access to the golf course, connection to the town sewerage system, together with the aspect and contour of the property, partial subdivision is a viable option without affecting the current turnover.
Consent has already been granted for three lots to be subdivided at the beginning of the park and these have the potential to be further subdivided into at least 16 residential lots.
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The property is a huge 5.26ha and borders the Puketotara River. It is beautifully laid out and showcases mature trees, manicured lawns, a river boundary and terraced contours.
As a business, the holiday park and motels have great turnover, which has continued to increase year on year. It includes 230 beds under roofed accommodation in a variety of motel, cabin, studio or dorm formats, as well as camping sites.
Occupancy rates for the accommodations are well above average and a contract in place for seasonal workers helps to boost and maintain the off-season occupancy. Plus, there is resource consent for a further 20 cabins.
The holiday park features great recreation areas for both adults and children and has all the facilities to give the whole family a great holiday experience, while allowing guests to enjoy all Kerikeri has to offer with shops and cafes all within walking distance.
On-site managers are rostered for the daily running of the park, allowing new owners to be passive or as hands-on as they choose and the workers buses, trucks, mowers and all the other equipment necessary to maintain the park are included in the chattels.
The separate three-bedroom owners’ accommodation is on one of the consented lots for subdivision and has been totally refurbished. Another option for owner’s accommodation is the three-bedroom home which is in very good condition and sits above the office complex.
The property can be viewed by appointment only and is being marketed by tender.
- Article supplied by Harcourts
