For sale Slipper Island expected to fetch more than $10 million

Slipper Island, near the Coromandel Coast, is for sale and could fetch over $10 million. Photo / Supplied, Paul C Schrader

By Checkpoint RNZ

Slipper Island, an exclusive chunk of land off the Coromandel Coast, is up for grabs.

It is estimated that it could sell for more than $10 million.

It is one of fewer than two dozen private islands in Aotearoa.

Slipper Island is a short boat ride from Pauanui, with white sand beaches and resort-style accommodation.

Diana Cussen is selling the property through Barfoot and Thompson and also lives on the island.

She told Checkpoint the island offers clear waters, along with white and pink sand beaches.

The Government's Golden Visa scheme allows overseas investors to buy, requiring a $5 million investment. Photo / Supplied, Paul C. Schrader

“It’s absolutely magical. Just imagine just coming up in your boat ... you can dive in and it just makes you feel fabulous.”

The island is being sold alongside a number of different accommodation options, all set up for holiday accommodation.

The sale will include an old style lodge, a two-bedroom chalet, two one-bedroom chalets, along with two safari-style tents.

“All you need is your food and your favourite bikini and a towel and you’re away.”

With such a high price, the buyer pool may be small, but Cussen expects it will be a local that ends up calling Slipper Island their own.

“Kiwis are pretty good at making waves in the world and all the technology and their businesses. So more than likely, you know, it’s going to be a local, local Kiwi and there is a bit of money around in New Zealand.

“But it’s going to come down to who would love to be the next custodian of Slipper Island.”

The Government’s introduction of the Golden Visa scheme means overseas investors could also easily buy the property.

The scheme offers a fast-tracked residency process to investors willing to spend at least $5 million.

“There are checkpoints in place there to make sure that if there was an overseas buyer ... what would they contribute to the community? How they would look after the island?”

There are 10 properties on the island, including the ones for sale now.

The sale includes resort-style accommodation, with a lodge, chalets, and safari tents. Photo / Supplied / Paul C Schrader

Across the island’s 217 hectares, seven hectares are shared across nine lots, which feature five houses and five semi-permanent residents.

Getting to the island only takes around 20 minutes by boat from Tairua or Pauanui, but, if the buyer has a little more change in their pocket, they can take a half-hour plane ride from Auckland, Hamilton or Tauranga.

Slipper Island is being sold by tender, which will close on April 15.

-RNZ