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Stunning Waterfront Lagoon-Edge Executive House With Villa For Sale

Rarotonga, Cook Islands
Asking Price:
$1,950,000 (NZD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

PRICE REDUCED! Your chance to own this immaculate 3-bedroom executive haven idyllically set on the edge of the stunning turquoise blue crystal clear lagoon in Rarotonga of South Pacific Seas.
Rarotonga is an stunningly beautiful island in the Cook Islands - one of the world's most untouched Paradises, just a short flight from Australia or New Zealand.
A fabulous investment opportunity in a thriving tourism industry with visitor arrival numbers at an all-time record peak, OR private luxury haven with seclusion and tropical charm.
Immaculate 2-Bedroom Contemporary-Style Home with Master Suite on the entire second level with panoramic lagoon views, Spa pool, and large entertaining areas. Seperate 1-Bedroom Private Villa adjacent.
Sold complete with high quality furnishings and furniture.
Currently rented as a highly successful seasonal rental holiday let earning around NZ$1000/night for both villas and average occupancy over 80%.
A superb investment for anyone who wishes to either rent the full property, or live in the executive house and rent out the 1-bedroom villa (or vice versa) and generate income.
Enquire NOW about this Excellent Turn-key Investment Opportunity!
LISTING PRICE REDUCED from NZ$2,200,000 +vat to NZD1,950,000 +vat*
*value added tax is reclaimable.

Property information

Real Estate:

Lease

Lease Terms:

56 years left running on the lease.
Leases for sale in Cook Islands are 60-year term and are generally renewable by negotiation about two-thirds of the way through their term.

Living Accommodation:

3 attractive purchase options:
1) use the entire 3-bedroom property as your own private haven;
2) use the property as an income source with the two properties (house and villa) currently being rented out as accommodation;
3) take advantage of both, live in one and rent out the other.

Location:

Located directly on the sands of one of Rarotonga's most beautiful white sand beaches in the district of Vaimaaanga on the island of Rarotonga, Cook Islands of the South Pacific Seas. A pristine, secluded beach. Handy to restaurants, cafés, ATM machines, and super convenience store in the district.

Premises Details:

The house and villa occupies a 916sqm plot of land that runs from the road (at the rear) to the sand and ocean, perfectly raised above sea-level to offer breath-taking panoramic views of the lagoon. At the rear is off-street parking for 3 cars, then follows the two buildings of the house and villa with a utilities shed between them. A lush tropical garden with few coconut trees and a rock armor along the shoreline are the only things between the house and the sands of the beach.

Size in square feet:
9,860

Business Operation

Competition / Market:

Self-catering accommodation is becoming incredibly popular in Rarotonga as the tourism industry continues to thrive (all-time record peak number of 160K visitors reached in 2017), however luxury self-catering accommodation of this high quality calibre with amenities such as spa pool and situated on the absolute beachfront are very few. New builds (mainly located in-land due to the lack of beachfront land available) are up and coming around the island.

Trading hours:

24/7 operation as needed

Employees:
1-3
Years established:
2 years

Other Information

Home based:
This business can be run from home.

Contact Information

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