Colliers is proud to present the iconic coastal property, business and additional land holding, commonly known as ‘The Store’ to market.
The 10.11ha freehold property is located on the Kaikoura Coast in Marlborough, approximately halfway between the towns of Kaikoura and Blenheim, on the East Coast of New Zealand’s South Island. The Store Group operates as a camp site, cafe and gift shop, hosts functions, tour groups and weddings, offers a two bedroom apartment on site and has recently been granted consent for multiple titles including five chalets and a stunning residential site.
The Store occupies one of New Zealand’s most scenic coastlines and is immediately adjacent to the very busy State Highway 1. It is one of very few properties that fronts directly onto this part of the coastline, unimpeded by any road or railway line between it and the sea and with full Riparian rights to the high water mark. With over 25 years of planting and landscaping, the site boasts mature lush natives and established trees.
The site and present business operation are positioned at the gateway to the province of Marlborough, famous as one of the world’s premium wine growing regions and particularly renowned for the production of world class Sauvignon Blanc together with other significant varieties of grape production. It is also situated just outside Kaikoura, a region well known for its prominent sea life, tourist attractions and undergoing significant development with a new 100 bed 4.5 star hotel close to completion.
As a business, The Store has enjoyed a 27 year history under the ownership of two generations of the local Macfarlane family. Over this time it has built an exceptional international brand, enjoyed strong word of mouth and proven itself to be a hugely resilient business. It continues to demonstrate strong year on year momentum, yet still leaves plenty on the table for additional growth and diversification. New projects and family commitments mean it is time for a change.
Whether you are looking for a change in lifestyle, a reason to come home, a commercial investment in premium coastal land or all of the above, The Store presents a beautiful, profitable property with a number of exciting new opportunities ahead.
For a full Information Memorandum please contact Andy Poswillo.
Ref #: 20639916