NIKAO COTTAGES
OFFER PRESENTED OCT 2024
Existing Income Stream: The property currently boasts two spacious 3-bedroom cottages and one cozy 2-bedroom cottage, all tenanted with long-term agreements in place. This provides immediate income for potential buyers, making it an ideal investment for those looking for secure returns., whilst proviing unapparelled development opportunity
untapped development opportunity with existing income stream
Property Details
Size 5,000+ sqm
Village Front road NIKAO
Property ID Nikao Part Sect 106A2 Avarua
Property Type Rental cottages + Vacant land
Usages Residential and commercial
Viewings By arrangement
Lease Period Long Lease =59 years (as at year 2024)
Asking Price NZD $ 1,320,000 (+refundable VAT )
OFFER PRESENTED OCT 2024
This is a rare and unique chance to secure a substantial 5,000 sqm property, located directly on the highly sought-after front road of Nikao. Just a short walk from the popular Vaiana’s and close to convenience store, swimming beach and school , this strategic location offers both immediate income from existing tenancies and exceptional development potential.
Key Features:
Premium Location: Situated in the well sought after Nikao area, this property offers fantastic accessibility and proximity to local amenities, entertainment spots, and the Nikao beach, ensuring desirability for both residential and commercial development.
Existing Income Stream: The property currently boasts two spacious 3-bedroom cottages and one cozy 2-bedroom cottage, all tenanted with long-term agreements in place. This provides immediate income for potential buyers, making it an ideal investment for those looking for secure returns.
Large Roadside Section: With over 5,000+ sqm of prime land, this property offers the perfect blend of a peaceful residential environment and high visibility from the main road. The size and location make it an excellent candidate for further development, whether you’re looking to expand the current residential setup, add commercial spaces, or reimagine the area to capitalize on its prime frontage.
Future Development Potential: The generous land area provides a fantastic opportunity for further development. With demand in Nikao continuing to grow, this property is positioned perfectly for those with vision, whether for tourism, residential expansion, or mixed-use opportunities.
Why Invest in Nikao?
Nikao is a thriving area known for its beautiful sandy beach and proximity to the Social Centre , community feel, and proximity to Rarotonga’s main attractions. Its growth as both a residential and tourist destination makes it an attractive place for developers and investors alike.
With the flexibility to either enjoy the passive income from the current tenancies or to expand and develop the site further, this property presents a rare combination of income security and untapped potential in a desirable location.
Don't Miss Out
Opportunities like this, offering both income and development potential in such a prime location, are incredibly rare. Act now to secure your piece of paradise and unlock its full potential.
reach out to us today for more information or to arrange a viewing.
