Awapuni - 6.4 ha on the edge of town

Description

Price indication $1,000,000+. Located on the boundary of Palmerston North, this 6.4-hectare property presents a compelling investment opportunity. Formerly an extensive horse agistment and training facility with direct access to the Awapuni Racing Club, the site retains key features such as a circular training pen and quality stables, making it ideally suited for continued use as an equine facility.
Positioned on a private no-exit road, the property includes a 253m2 character house from the 1910s. This offers potential for renovation or redevelopment to suit your vision. Additional features include a three-bedroom fully self contained flat, and a spacious carport.
The property is well subdivided into multiple paddocks, with comprehensive horse and stock shelters, and a 6-meter-wide access lane to Te Wanaka Road, ensuring convenient access to the racing track. With the town boundary expanding, this site offers significant land banking potential.
This is a rare opportunity to acquire a prime piece of Palmerston North real estate. Contact us today to discuss how this unique property can align with your investment strategy.