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New 4-Unit Tourist Apartment Complex In Rarotonga For Sale

Nikao, Rarotonga, Cook Islands
Asking Price:
$667,000 (NZD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

A fantastic opportunity to acquire an attractive turn-key investment property with excellent returns in the island paradise of Rarotonga in the Cook Islands! Rarotonga offers an attractive quality lifestyle, excellent business community, and thriving tourism industry with visitor numbers currently at an all-time record peak.
This new modern apartment complex consists of 4 spacious two-bedroom units handy to beaches, Rarotonga airport, and busy city centre. An attractively-priced property offering multiple options and caters exceptionally well to the current high demand for tourist short-term lets or long-term rental accommodation!
Each unit has 2 double bedrooms, 1 bathroom, and a well-equipped modern kitchen opening onto a comfortable living area which looks out onto beautiful lush surroundings.  Designed with a covered verandah at each front door entrance, and timber deck at the rear.
The garden area is currently partitioned for each unit however could be combined and developed into a very special area with swimming pool for use as a tourist apartment or motel complex.
Plenty of communal parking for multiple vehicles at the front of the complex, positioned at the end of a 200-metre long right-of-way driveway.  Ample room to add a reception/office with parking facility.
Sold with all furnishings & furniture in place should the new owners wish to continue to gain an excellent income from the property.
Vendor has priced under the current market valuation to sell!
Price NZ$667,000 + 15% vat (reclaimable)
ENQUIRE NOW!

Property information

Real Estate:

Lease

Lease Terms:

58 years

Living Accommodation:

Possibility to live in one of the units or develop a small manager's residence at the front of the section

Location:

Situated down a quiet 200 metre right-of-way driveway off the scenic back road of Nikao, near Rarotonga's city centre. A great location offering the convenience of being within a few minutes' drive of the airport and 10 minutes' drive to town without being amidst the local 'bustle'. Very handy to hospital, schools, and amenities en route to town.

Premises Details:

A generous 1/3rd acre commercial section of 1,389sqm amidst lush tropical residential surroundings.

Size in square feet:
14,950

Business Operation

Expansion Potential:

Plenty of potential to add a swimming pool and common garden area for use as a tourist apartment or motel complex. Also room to add a reception/office or manager's residence with parking facility at the front of section

Years established:
2016

Contact Information

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