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Muri Beach Island Time Villas In Rarotonga For Sale

Rarotonga, Cook Islands
Asking Price:
$1,150,000 (NZD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Here's a fabulous turn-key investment rental investment on the southern coast at famous Muri Beach in sunny Rarotonga paradise! Rarotonga is a stunning jewel island in the Cook Islands of the South Pacific, just a short flight from New Zealand and Australia.
Island Time Villas comprises of two modern & spacious 3-bedroom villas with swimming pool & gazebo perfectly positioned on a generous 3,400sqm of landscaped tropical gardens. Idyllically situated a mere 75 metres away from the lagoon edge, and a leisurely 2-minute stroll from the nearest restaurant & bar. Other excellent restaurant, cafés and stores are within a short walking distance.
Each villa boasts three double bedrooms, and superb open plan living, making a wonderful holiday retreat for families and friends to enjoy, or allowing you the freedom to live in one villa and rent out the other.
Each living area is light, fresh and inviting, and opens onto a seperate dining area.  The kitchen is well appointed and is fully equipped with dishwasher, 4-burner gas stove, rangehood, oven, microwave, and large fridge-freezer.  Enjoy seamless indoor and outdoor flow onto an outdoor covered patio & barbeque area and wrap-around decks - the perfect place to relax and entertain all year round.
Each villa features a main bathroom with shower and bath, a seperate toilet, and laundry room flowing off the hallway.
The family has all the space it needs to spread out and enjoy island living!
Villas 'Marino' and 'Kakaia' are almost identical in layout featuring quality furnishings and finishes, with fresh colour décor, yet differently styled.
Beautifully positioned a perfect distance from one another to ensure tranquility and privacy, amidst vibrant tropical landscaped gardens.  This special property features a swimming pool with stunning mountain backdrop; thatched gazebo and sunbathing deck; children's play area; sunloungers and hammocks. Kayaks are also available for your enjoyment.
This stunning property has solid history as vacation rental homes and a commercial lease of 59 years left running on a full term of 60 years.
Sold with all furniture, furnishings, and linen allowing the new buyer to walk-in easily and continue earning income from short-term holiday lets.
A fantastic turn-key investment in a very demanding holiday accommodation market with arrival numbers to Rarotonga currently at an all-time record high with 160,000 visitors in 2017.  With higher visitor numbers predicted for 2018, the best time to invest is NOW!
Listing price $1,150,000 (+vat if any)

Property information

Real Estate:

Lease

Living Accommodation:

Possibility to live in one villa and rent out the other

Location:

Highly-sought after location on the protected southern coast of Rarotonga in famous Muri Beach

Premises Details:

Two modern and spacious 3-bedroom villas set on a generous section of 3,400sqm of landscaped tropical gardens, a mere 75 metres from the edge of the beautiful reef protected Muri lagoon

Size in square feet:
36,597

Business Operation

Expansion Potential:

Potential to grow the business with increased marketing, and further develop the property by adding a 3rd villa

Years established:
Villa Marino built in 1997, Villa Kakaia built in 2006

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