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Oceanfront Sunrise Beach Bungalows In Rarotonga For Sale

Rarotonga, Cook Islands
Asking Price:
$1,400,000 (NZD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Located on the stunning sunrise coast of Rarotonga in the Cook Islands, on the eastern side of famous Muri Beach, this tidy self-catering tourist complex has tons of potential! Set on approx 1 acre of tranquil gardens and beach, this unique property features 7 stand-alone studio bungalows and a 2-storey accommodation block of 3 family units (one unit currently used as a manager's residence).
A plan for 4 additional bungalows has already been approved allowing a new purchaser to expand the resort further.
5 oceanfront bungalows are strategically positioned along the oceanfront to capture the stunning sea views and spectacular sunrises. Also an amazing spot to watch the whales in season.
Located directly behind are two garden bungalows nestled amidst lush tropical surroundings.
Each bungalow features a small kitchen, private bathroom, and spacious covered verandah with chairs and table for relaxed outdoor living and dining.
The property's latest development is its new pole ocean villa. Uniquely perched above the sandy beach, it offers superior panoramic views of the sea.
The 2-storey accommodation block consists of a very spacious upstairs 2-bedroom family unit (sleeps 6), and 2 downstairs 1-bedroom family units (sleeps 4)
Complete with a large salt-water swimming pool for guest enjoyment.
This resort has wonderful potential to add roof thatching to each of the bungalows and create a very special Polynesian atmosphere on its very own white sand private beach.
Listing price $1,400,000 + 15% value added tax (reclaimable).

Property information

Real Estate:

Lease

Lease Terms:

42 years remaining

Living Accommodation:

The owner/manager currently resides in one of the downstairs family units, which forms part is the reception office.

Location:

Sunrise Beach Bungalows is an oceanfront property located on the white sandy coral beaches in Turangi, Rarotonga. The beach is an excellent spot for surfing, and is visited by whales between July and November each year. Located 200m off the main road this ensures a peaceful, private and quiet stay for guests. The property is ideally situated between the main town centre of Avarua (8 kms) and the vibrant tourist hub of famous Muri beach (1 km); a short drive to both centres which have a fully array of cafés, restaurants, bars and tourist activities available for guests to enjoy.

Premises Details:

Set on approx 1 acre of tranquil gardens and beach, this unique property features 7 stand-alone studio bungalows and a 2-storey accommodation block of 3 family units. 5 bungalows are strategically positioned along with oceanfront to capture the stunning sea views and spectacular sunrises.

Size in square feet:
40,612

Business Operation

Expansion Potential:

A plan for 4 additional bungalows has already been approved allowing a new purchaser to begin an expansion building project.

Employees:
3
Years established:
1980's

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