The Beach Life Village residential holiday and caravan complex is for sale at Waihi Beach.
The Beach Life Village residential holiday and caravan complex is for sale at Waihi Beach.
A residential holiday and caravan complex for sale at Waihi Beach in the Western Bay of Plenty is being promoted as offering an escape from the city residential squeeze with the benefit of a new coastal lifestyle and an income for an entry level price.
"The Beach Life Village complexencompasses a home and the established going concern business," says Brendon Bradley of Bayleys Tauranga who, with fellow sales agent Lynn Bradley, is marketing it for sale through a tender process closing on August 14.
"This is one of only two accommodation types of its kind in the area," Brendon Bradley says. "It incorporates long and short-term residential housing options with cottages and caravan facilities to cover a range of needs for locals and visitors to this popular destination."
Waihi Beach is located on the doorstep of the renowned Hauraki Rail Trail, 12 km east of Waihi and 60 km north of Tauranga.
In addition to benefitting from several income streams, the residence that comes with the business will allow the purchaser to adopt a new lifestyle just 400 metres from a 10 kilometre stretch of beach, he says.
The complex, with a capital valuation of $1.065 million, is at 127 Emerton Rd in the Island View area of Waihi and is strategically placed at the southern entrance to Waihi Beach, close to a range of convenience stores and cafes.
Originally a motel business, the property set on 7693 square metres of landscaped, park like grounds, was recently converted to a joint residential and holiday home complex to meet a range of accommodation needs.
There are nine studio and one-bedroom cottages on site - four of which have already been sold and a further five on the market that are currently available for short or long term rental.
A seven bay parking area accommodates campervans and caravans, with underground power connections. A utility and amenities building provides two car garaging, a work bench and storage areas. The northern section of the building includes a residents' kitchen, laundry, storage space and two guest bathrooms.
Residential rentals for the cottages range from $150 to $220 per week while the licence to occupy rentals for the cottages and caravan sites range from $80 to $90 per week. "Collectively the various income streams produce an attractive annual income that will allow a new owner to continue or grow the business," Bradley says.
Brendon Bradley of Bayleys Tauranga.
The three-bedroom weatherboard owner's residence is situated in the northeast corner of the property and incorporates the reception and office. The owner's residence and accommodation dwellings all come with a number of chattels including furnishings and appliances. The complex grounds feature a lawn area, vegetable garden and garden shed.
Bradley says the business model is based on the sale of a number of cottage units with the sites then being leased on an annual land licence-to-occupy basis; along with residential cottage rentals and long term caravan site licences to occupy which all have the full use of the village amenities and facilities. "This is a one of only two such accommodation businesses in the area that combines all these offerings," he says.
"There is scope to sell the remaining five cottages, or to retain them as short or long-term rentals in addition to the caravan complex to provide a continued income for the future."
Further cottages could be added to the property in the future, after obtaining the necessary resource consents, to expand the business, he says.
In addition to having a stunning coastal location, the complex is on the doorstep of world famous cycling track, the Hauraki Rail Trail. Bradley says 82 km trail from Thames to Waihi is the easiest cycle trail in New Zealand and one of the most scenic.
"The property's location makes it ideally placed to cater to the growing market for accommodation in the area, with many visitors choosing to stay in Waihi Beach after completing the trail."
He says electronic counters on the trail have recorded more than 10,000 cyclists per month over the summer, pumping millions of dollars into the area's economy. Visitor numbers are expected to further grow as the trail increases in popularity.
"According to census figures, the summer the population swells to more than 16,000 when holidaymakers flock to the area."
Bradley cites a recent report by the Government's Ministry of Business, Innovation and Employment which noted the huge economic benefits which cycle trails such as the Hauraki Cycle Trail have delivered to provincial New Zealand.
"More than a third of business survey participants indicated they had seen an increase in the number of customers served by their business, with flow?on effects in business income, turnover, business expenditure and also in profit."
Bradley said thelocation and amenities of the holiday complex make it a popular accommodation choice with customers and an appealing investment for an astute buyer.
"This property presents an exciting business opportunity for a new owner to purchase a home and income accommodation business operation in an extremely popular tourism destination," he says.
