The Bluewater Hotel in Napier is being presented for sale for the first time in over 25 years, offering prospective buyers a unique opportunity to acquire a prestigious asset in an exquisite waterfront location.
Situated at 10 West Quay in Ahuriri, 3km from Napier’s central business district and 3.4km from Hawke’s Bay Airport, the property encompasses a prime 5,166sq m leasehold site on the inner harbour.
Adjacent to the Bluewater Hotel is a two-storey accommodation facility known as the ‘Round House’ which comprises 17 units and includes the popular Water Bar on the ground floor. The total floor area across the buildings on the property amounts to 4,801sq m.
The property is strategically positioned on the northern side of West Quay, a broad, fully developed carriageway running from east to west, it backs on to the accessway to the Napier Sailing Club and offers picturesque views over the Napier harbour.
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Originally constructed in 1999, the Bluewater Hotel had a fourth level added in 2006 comprising a total of 45 units. The ground and first floors consist of studio and twin units and the third and fourth floors feature a mix of two and three-bedroom apartments.
On the building’s western side there are three more units, one studio and two twin rooms, along with a spacious single-level bunk lodge, which sleeps 12, complete with a full kitchen and two bathrooms - perfect for school and sports groups.
The rooms have recently been refurbished with new carpets, paint, updated bathrooms, cabinetry, and kitchenettes where necessary. The exterior has also been completely repainted, along with several additional improvements.
Colliers Directors Danny Blair and Blair Peterken have been exclusively appointed to market the property for sale and are running an international expressions of interest campaign, which closes at 3pm on Tuesday 11 March.
Blair, Director at Colliers Hawke’s Bay, says this property is a premier accommodation offering in magnificent condition following the recent work done at the property.
“Presenting in excellent order, this is one of the most recognisable accommodation assets in Hawke’s Bay and offers guests unforgettable views,” Blair says.
“Ahuriri is a boutique seaside village with artisanal shops, galleries, and a variety of waterfront bars and restaurants. The Bluewater Hotel captures the beauty and charm of this coastal landscape making for a memorable stay.
“With a broad array of room configurations this hotel appeals to a range of travellers.”
Known for its Art Deco history, eye-catching architecture, wineries, beaches, and high-profile golf courses, Napier has long been a popular destination for travellers.
Every February Napier hosts its renowned Art Deco Festival that provides a major boost to the local economy and is a shot in the arm for hospitality providers and retailers.
In the 12 months to June 2024, Napier Port had 89 cruise ship visits with international travellers from Australia, the United States, and the United Kingdom among those who contributed to the international spending figures tracked by Hawke’s Bay Tourism.
Peterken, Director of Capital Markets at Colliers, says this asset will attract interest from local buyers and those further afield.
“A large-scale accommodation offering situated in such a desirable location will hold appeal to purchasers domestically and internationally,” Peterken says.
- Supplied by Colliers
