20 Derham Rd, Te Horo

Listed 4 months ago

$1,550,000 + GST (if any)
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Property Details


Built In
528 m²
(5681 sq.ft.)
22,400 m²
(5.54 Acres, 2.24 Ha)

PRICED TO SELL 1.55m (+GST if any)

The home is soon to be rented if not sold, and may or may not remain on the market.

Large home for one or multiple families, run your business from here and/or B&B and/or Beauty Spa, potentially a great wedding venue, or perhaps you can create a niche country hotel and/or restaurant set amidst a beautiful rural vista, minutes from shops, cafes and beach.

The vendors are relocating NOW! Perhaps the bargain of the century at this price you can easily add value here! This is a property that were you to build today you would assess at a very high psqm rate.

The B&B ran as Qualmark 5 Star for several years. Considerable bookings are in place and about to be terminated by this weekend so the house can be rented. Be in quick to advise agent if the B&B is a card for you.

NO CRITICAL DISCLOSURES SO IF THIS IS YOUR CONCERN, DO NOT LET IT BE. You must get your own building report to verify the owners' building report of a year ago. Why has the property not sold? 528sqm is simply too big for most, with too many rooms, that's all.

With the oldest part of the build being 1995, refurbishment and new extension was completed in 2009 by local builder, Carl van der Meer. At 528sqm floor area there are a plethora of spacious bedrooms and fully tiled, well appointed bathrooms, a designer kitchen that is very close to commercial rating (Nadia Lim cooked here!), elegant dining, bar, and various sitting rooms - or convert to the original open plan. Quality finish throughout.

Outdoors are 5 paddocks, troughs, an arena, stables/sheds, "spa house" complete with spa, an orchard, bore + dual rainwater tanks (sediment filters, UV), and a heavy duty effluent system.

Resource Consent stays with the property for B&B up to 10 people, Day Spa, and liquor licence exemption. Does not lapse if you do not use it. The property is being sold as land & buildings only. May incur a GST quotient - the vendor considers this balance is likely to be 9% due to curtilage - speak to your accountant prior to purchase.

(Data: Property Guru)

(More photos on Trade Me.)

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Sales Consultants

Michele Binnie

Tall Poppy Otaki Horowhenua
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
A/H Phone: 06 364 3333
Mobile: 0274 834 290
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Phil Armitage
021 243 8344
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