Here is a wonderful opportunity to acquire a 1,100m² Freehold property located only 170 metres from the beach, and within walking distance to the bustling Paihia CBD. Whether you are an Investor looking to maximise your income within the growing tourism sector, or and Owner Occupier seeking a large, versatile living space located in the beautiful Bay of Islands, this property has so much to offer! Should you choose to reinstate the property back to a Backpackers or a Boutique Hotel, there is the potential to claim 15% of the purchase price back as the vendors are not registered for GST. We recommend all Purchasers seek accounting advice to confirm this.
The three-level building on the property is currently configured with 9 bedrooms, of which one is a large 12-person dorm, three kitchens, and five bathrooms. Historically this property was a successful Backpackers and could be reinstated. Previous configurations had up to 13 separate rooms. The top floor boasts great sea views and is partially renovated. Being zoned Commercial, this property could easily be reconfigured as a Boutique Hotel or a Bed & Breakfast. With essential amenities on each level, this property has to potential to even be configured into a large family home or two separate apartments, depending on your needs. The building is currently owner occupied on the top floor and ground floor, and is rented per bed on the middle floor.
KEY FEATURES:
• Freehold land area: 1,100m²
• Currently configured with 9 bedrooms, 5 bathrooms and 3 kitchens
• Partially renovated upstairs
• Great sea views from the top floor
• Potential for multiple configurations
• Potential for a large family home, Bed and Breakfast, Boutique Hotel or Backpackers
• Excellent location within the bustling tourist township
• Walking distance to the beach, restaurants and shops
• Zoned Commercial
For Sale:
$1,625,000 incl. GST
For more information or to view, contact us now.