Equestrian dream business potential

Kyrewood was established in the late 1980s by Pauline and Fred Gorton, and operated for many years as a riding school.

With several premium features to fit and enhance an equestrian lifestyle, and able to comfortably accommodate approximately 20 horses, the Kairanga, Manawatu property was purchased in 2017 by Jan Davis, fulfilling a 10 year dream.

“Although I’d had my sights on it for a while, the Gortons weren’t ready to sell. Since 2017 though, it has been my pleasure and good fortune to bring the property back to its best,” says Jan.

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Situated 12 kilometres north west of Palmerston North and an easy commute to Feilding, Ohakea and Whanganui, 12 hectare Kyrewood is now offered for sale again, by Jacqui Campion of PGG Wrightson Real Estate, Feilding.

As the property’s owner for the past six years, Jan’s ambition was to open it up to the public and enable more people to enjoy Kyrewood.

“I’ve always loved show jumping. When we bought Kyrewood we planned to set up a boutique breeding programme to breed top show jumpers.”

Taking the Gortons’ legacy to the next level remains an option for a new owner. In the meantime, Jan has spent plenty of time and effort adding her own touches to Kyrewood.

“We have refurbished, which has been nothing but fun, albeit incredibly hard work and huge hours. Watching it come back to where more horse lovers can enjoy and use it the way it should be has been wonderful.

“Rebuilding it to its former glory, putting the love and tenderness back in to beautify it was my mission. Preparing the indoor stables and tie ups, then opening the door and walking out into the arena for the first time, with all the work completed, gave me a wonderful sense of achievement that was pretty special.”

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Jan says adding a saddlery was another highlight. Kyrewood Park Saddlery carries top European saddle brands, giving the property an additional revenue stream, as do several Kyrewood buildings that Jan has adapted for residential rental use, which is much coveted among the equestrian fraternity.

“Allowing tenants to be on the same property as their horse is pretty cool, and there is no shortage of demand for these particular rentals,” she says.

Jacqui Campion says Kyrewood would equally well suit an investor, or a new owner seeking to chase their equestrian dream.

“This equestrian business property is set up to meet and exceed the expectations of any horse lover. Kyrewood features a horse walker, circular breaking in pen, 16 covered tie ups, a washdown area and a rug room. Its main block comprises six tie ups with six stables, a washdown area, an office, a staff kitchen, shower, two toilets, feed room and tack room, all situated under a comfortable three-bedroom apartment overlooking the property. Beyond that, two horse arenas sit alongside the main block, extending out to 29 subdivided paddocks plus 36 yards.

“A modern three-bedroom home in a private setting complements the business side of the property, while the saddlery operates above what was previously a five bedroom home. Plug-in camping sites with an ablution block, showers, a kitchen and laundry are ready to recommission if a new owner so chooses.

“Alternatively, for an investor, Kyrewood would operate well to generate passive income, with excellent tenants in the houses and a manager happy to remain.”

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