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18 Kings Road, Paihia, Far North, Northland, 0房, 0浴, 旅店

$2,395,000

18 Kings Road, Paihia, Far North, Northland

2427m2
旅店上市时间 11月28日

Paihia Priced $680,000 below Rateable Value


18 Kings Road, Paihia, Far North, Northland
Priced $680,000 below Rateable Value

The owners’ instructions are clear and this property has been priced to sell. Unlock the potential of an iconic property in the heart of Paihia. The former Pipi Patch, once a Paihia-famous bar and backpackers' hotspot, is primed for a revival after the last tenants left. Situated on Kings Road, just steps away from Paihia’s stunning beach, waterfront and lively CBD, this freehold property offers endless possibilities in the vibrant Bay of Islands tourist town. The property has been undergoing renovation and could be returned to its former glory, converted into a motel, or could take on a twist with a retail shop or licensed premises. The property also boasts a large land area of 2,427m² with many ways in which subdivision could be explored. The property has a Rateable value of $3,080,000.

Vendor finance available to approved purchasers.

The buildings are currently configured as 21 rooms, majority with private bathrooms, plus versatile shared spaces, including a bar, reception, shared kitchen, shared lounge, guest/ staff laundries, and a storeroom. Previously accommodating up to 136 beds as a backpacker’s accommodation, the property holds immense potential to be reimagined. Currently running under Booking.com & Air BNB.

Paihia’s rich history, picturesque beaches, and access to iconic attractions like the Waitangi Treaty Grounds make this property a prime investment. With increasing tourist demand and strong market rates for accommodations, renovating and reviving the Pipi Patch is a golden opportunity to generate substantial returns while adding your personal brand. The property was previously leased for $250,000 + Outgoings + GST pa.

KEY FEATURES

•    Total Freehold land area:  2,427m² over three Titles

•    Prime location close to the beach and bustling CBD

•    Potential to be converted into a Motel or continue as a Backpackers accommodation

•    21 Rooms with bathrooms

•    Bar facilities

•    Shared kitchen and lounge area

•    Guest and Staff laundries

•    Reception/Office space and storage area

•    Own pool area

For Sale

$2,395,000 + GST (if any)

For more information or to view, contact us now.

See this listing on Barfoot & Thompson

位置

政府数据

土地面积2428m²
建筑面积900m²
地契编号NA1535/52;NA1535/53;NA1535/54
地契类型Freehold
法律描述LOTS 1-3 DP 36692
市议会Far North
产权描述FSIM,1/1,LOT 1 DEPOSITED PLAN 36692,809m2
建筑规格External Walls: Unknown
Roof: Unknown
建筑现况External Walls: Unknown
Roof: Unknown

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房源编号:4057739最后更新:2025-03-12 04:06:50