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Seize the chance to invest in a diverse property in the renowned Bay of Islands, offered for sale by Tender as a Freehold Going Concern. This exceptional package features a trifecta of opportunities: five luxury apartments, a leasehold campervan park, and a spacious owner’s residence or manager’s home—ideal for the astute buyer.
The Apartments: At the heart of this investment are five modern, fully furnished apartments ranging from one to three bedrooms. Apartments One and Two, spread over two levels, are perfect for families, while Apartments Three and Four are cozy studios designed for couples or small groups. Additionally, a spacious three-bedroom apartment caters to larger groups, ensuring versatility in your rental offerings. Each unit features a private porch and BBQ facilities, along with convenient amenities like parking and laundry. Currently run as holiday accommodation, the Bay of Islands Apartments are attracting holidaymakers from across New Zealand and beyond.
Campervan Park: Diversify your portfolio with the adjoining leasehold campervan park, set within an established olive grove. Featuring 28 powered and unpowered sites, plus additional space for tents, this property is easy to manage and adds stability to your income stream. Immaculate facilities—including a BBQ area, mobile charging stations, laundry, family and single showers, toilets, and a dedicated cleaning area—ensure guests enjoy a comfortable stay all with excellent wheelchair accessibility. Recent upgrades further elevate this space.
The Residence: For those looking to operate their own enterprise from home, the three-bedroom house perched above the property offers breathtaking sea views and a warm, welcoming interior. With the convenience of a double garage and laundry, it’s the perfect base for an owner/operator.
The Bay of Islands continues to rise in popularity as a national and international tourist destination. Centrally located at the entrance to town, across from Paihia’s supermarket, this property is just minutes from the beach and a short distance from the Waitangi boat ramp, golf club, and mountain bike park. With Paihia’s vibrant waterfront restaurants right at your doorstep, this location provides an excellent backdrop for leisure and relaxation.
Post-COVID, there has been a steady increase in revenue, with maximum occupancy still to be reached—offering significant room for growth. The current owner is eager to retire, passing this unique opportunity to the next ambitious entrepreneur or someone eager to blend work and play in this exceptional location. Don’t miss your chance to seize this diverse property in the heart of the Bay of Islands!
Tender closing 27th February 2025 at 4pm.
Call today to make it yours.
RV $2,000,000