A burgeoning equestrian centre designed as a stabling and dressage arena training facility for young horse riders in mid-Northland has been placed on the market for sale.
The freehold land and buildings at 12 Parry Rd, Mangapai - south of Whangarei - have been developed over the past four years as a show-jumping venue and a short-stay horse accommodation business.
The 4.15ha property features three horse box stables, an adjacent large high-stud implement shed and workshop for potential configuration as a tack room facility, a 65m x 35m arena with jumps, and a two bay implement shed which can be used to store feed and maintenance equipment.
The property and infrastructure assets are being marketed for sale at auction on March 31 by Bayleys, Whangarei. Salespeople Vinni Bhula and Catherine Stewart says the venue had considerable opportunity to ramp up the number of horses which could be accommodated on site, and develop a regular clientele for utilising the show jumping arena.
Bhula says income analysis on the revenue potential for the property showed each stable could be let for between $150-$250 per week, depending on the level of services provided to the tenant animal - ranging from feed through to regular exercise and training programmes.