Units 6,10 and 11 at 32-34 School Road Paihia Home, income & lifestyle in Central Paihia

Available PropertyFiles:

  • Bay Cabinz Body Corp Budget Units 1247_2023.xlsx
  • Body Corp Admin - Predisclosure Statement Unit 3 32 School Rd.pdf
  • Certificate of insurance Bay Cabinz Body Corporate.pdf
  • Commercial Insurance Bay Cabinz School Road AON.pdf
  • Finalised Body Corporate Rules - 32-34 School Road, Paihia.pdf
  • Information Memorandum-Units 6,10 and 11 at 32 School Road.pdf
  • Unit 10 Title- 32 School Road.pdf
  • Unit 11 Title- 32 School Road.pdf
  • Unit 6 Title- 32 School Road.pdf
  • Unit Titles 1.jpg
  • Unit Titles 11.jpg
  • Units for Sale June 26.jpg

Property Description

A rare opportunity to secure a substantial home with multiple accommodation income streams, all within easy walking distance of Paihia township, the waterfront, restaurants and beach.

Positioned in a sought-after elevated location, the property comprises a spacious residence with a self-contained apartment, plus two established holiday accommodation chalets. The flexible layout creates a range of options for owner-occupiers, investors, tourism operators or those seeking a lifestyle change.

Income potential:
Live in the house & earn income - pays your mortgage
Choose to live in the main residence while continuing to let the apartment and two chalets as holiday accommodation, income pays your mortgage. Potential gross revenue: $141,000 p.a.

Operate as holiday accommodation:
Use the property as Investment Income, Total potential gross revenue estimated at $216,000 p.a. with Return on Investment of 8.25%

Highlights:
•Spacious 100sqm multi-level home with garage
•Separate self-contained apartment + deck connected to house
•Two established 24sqm + deck holiday accommodation chalets
•Multiple income streams, Flexible home-and-income configuration
•Walking distance to Paihia Beach and township
•Ideal lifestyle, investment or semi-retirement opportunity
•Proven tourism location in the Bay of Islands

Whether you are looking for a lifestyle property that helps pay its way, or a tourism-focused investment with strong income potential, this is a unique opportunity to live where others come to holiday.

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Terms of Supply

In consideration of Mackys Real Estate Limited, trading as Bayleys in the North, entering into discussions relating to the possible acquisition by the undersigned of an interest in the business you hereby agree:

1. To treat as totally confidential the identity of the business and all detail as to its operation and financial accounts.
2. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or the Vendor’s Agent.
3. Not to make an approach to the Vendor of the business or its employees, customers or suppliers without prior arrangement with Bayleys in the North and to refer all queries through the Vendor’s Agent.
4. That all information is received for no other purpose than the evaluation of the investment potential of the business.
5. If I decide not to proceed with the investment, I agree to return to Bayleys in the North immediately all written information supplied to me and retain no copies.

I hereby acknowledge that a breach of this Agreement may cause the other party irreparable damage for which monetary damages may not be an adequate remedy. Accordingly, in addition to other remedies that may be available, the business owner may seek and obtain injunctive relief against such a breach or threatened breach.

Contact Gary Lucas

Mackays Real Estate t/as Bayleys Bay of Islands

62 Kerikeri Road, Kerikeri 0245 bayofislands@bayleys.co.nz https://www.bayleys.co.nz/offices/bay-of-islands-100

0278300383   0278300383   gary.lucas@bayleys.co.nz   All Listings

The process of buying and selling a business or commercial premises can be a complex process. In this dynamic environment, partnering with a skilled business sales, commercial property lease & sales broker is to your strategic advantage.
I am a well-rounded and experienced broker, bringing a comprehensive skill set, hands-on approach, and commitment to securing your success. My role is to be alongside you, guiding you through the intricacies, simplifying the detail so your journey is a positive hassle-free experience.

1. Experience and Expertise: I have 18 months of successful work as a business broker, along with my prior background in creating, buying, building, and selling businesses, with ahotel and event management background. I have personal rental property portfolio;combining to offer you a deep understanding of the business landscape.

2. Effective Communication: I am committed to listening to my clients' needs, providingclear communication throughout the process ensuring a smooth and positive experiencefor all parties involved.

3. Organization and Attention to Detail: A meticulous approach and attention to detailhelp streamline complex transactions and ensure all aspects are handled professionally.

4. Win-Win-Win Focus: I have an enthusiasm for identifying and exploring mutuallybeneficial opportunities reflecting dedication to ensuring that both sellers and purchasersachieve favourableoutcomes.

5. Market Knowledge: Insights into the local market and current market trends give clientsa competitive advantage when it comes to making informed decisions.

6. Personal Interests: My hobbies of travel, yachting and motorcycling, as well as community involvement in CCTV & local security round out my chosen lifestyle here in the Bay of Islands.

Does this sound like the person you need to help with your business and commercial property transactions? Contact me and let’s connect.