An iconic Hawke’s Bay property, Pernel Orchard, is on the market for the first time in its history. A rare opportunity presents itself for an owner operator or investor to purchase the 15.39 hectare property planted in pip and stone fruit with the addition of extensive infrastructure.
Situated in a highly visible location and main thoroughfare on Pakowhai Road and Evenden Road on the outskirts of Hastings, the orchard property sits in three titles, 3.97 hectares, 2.91 hectares and 8.5 hectares. The orchard plantings are mixed age and cover an extensive range of fruit varieties that supply both export and domestic markets.
Colliers Rural and Agribusiness horticultural specialist Louise Wake says that given the high profile location, this property offers a multitude of options and has the potential for multiple income streams.
The property includes a working pack house as a domestic market facility to handle both pip and stone fruit with a 400 bin cool store adding further onsite flexibility. It also boasts a café, a fruit shop with cool store, an accommodation unit, workshop and adjacent sheds and two four bedroom homes built in the 1960’s.
“The purpose built fruit shop offers an ideal retail outlet and is adjacent to the popular operating café that offers substantial indoor and outdoor dining and constant foot traffic.”
The current owners have also tapped into tourism ventures, running unique orchard tours for local, domestic and worldwide customers including cruise liner and school groups and are year round purveyors at the Hawke’s Bay Farmers Market.
“There are no leases in place on any of the infrastructure which allows the incoming purchaser the scope to run the property to suit. There is the option to buy the property and on- sell the infrastructure, retain the property as is and put leases in place or run the whole venture as an owner/operator.”
“This is prime horticulture in a profile location on the outskirts of Hastings that provides an excellent opportunity for multiple income streams. We expect to see a lot of interest.”
The property is for sale by Auction on Thursday 21 July 2016 at 11am.