Property listing ID: 4113418
15 Serviced Apartments Offered in One Lot Price by Negotiation An exceptional commercial investment opportunity has arisen to acquire a major 15-unit portfolio within the prestigious Sea Spray Suites complex in Paihia. Offered together in one lot.This acquisition represents over 50% ownership of the entire complex (15 of 29 total units), delivering immediate scale, significant voting weight, and robust cash flow. Positioned directly on the waterfront at 138 Marsden Road, these fully furnished one- and two-bedroom suites sit directly opposite Te Ti Beach, perfectly located between Paihia township and the Waitangi Treaty Grounds. Key Investment Highlights: · 15-Unit Block Purchase: 15 strata freehold units (out of 29 total) sold together as a single portfolio acquisition. · Strategic March 2027 Management Review: With the current management agreement expiring in March 2027, acquiring this controlling interest provides maximum leverage to shape future operational terms or direction. · Proven Hospitality Asset: Hands-off management structure delivering consistent rental yield driven by Northland’s strong tourism trade. · Prime Waterfront Footprint: Irreplaceable location on Marsden Road with beach views and high guest demand. Full financial performance data, unit inventories, and an Information Memorandum are available to qualified buyers upon request. Offered for sale as a complete 15-unit portfolio by Price by Negotiation. Contact Tamara Rebourgeon Hayden Rasmusen today to arrange a private viewing or request the financial package.
Listed by Barfoot & Thompson , Hayden Rasmusen (Kerikeri)