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29A South Bay Parade, South Bay, Kaikōura

$1,450,000

7

5

902m²

Exciting Opportunity in South Bay!

Here's your chance to secure a unique investment in one of Kaikoura's most sought-after coastal locations. The property is being sold as a going concern, plus GST if any.

Bay Cottages sits on a 902 sqm freehold section and features five fully self-contained studio units. Currently, the owners occupy two units, but with remote management, there's potential for up to seven rental opportunities in total.

Each unit is immaculate and fully equipped with a kitchen, bathroom, and laundry facilities - everything a traveller needs for a comfortable and convenient stay in Kaikoura.

South Bay is a favourite destination for holidaymakers, tourists, and fishing enthusiasts. With the current owners preparing for retirement, the opportunity to take over and expand this well-loved business is ready for the taking. Forward bookings are already in place, and there's huge potential for even higher occupancy rates - especially if listed on Airbnb, where the property is not currently marketed.

Ideally located just across the road from the beach, Bay Cottages is perfectly positioned to capture stunning sunsets and offers easy access to walking and biking tracks.

Kaikoura continues to thrive, with last season experiencing a booming tourism market and more growth ahead. The property will be sold as a going concern, complete with all chattels, allowing you to step in and start operating from day one. Financial statements are available on request.

Don't miss out on this incredible lifestyle and business opportunity in beautiful South Bay!

Additional details

Type

House

Property ID

L34057976

Listed on

07/05/2025

Updated

4 days ago

Property insights

OneRoof estimateRating valuationProperty history

Rating valuation

OneRoof mentions

Listed for sale on OneRoof for 216 days (last updated on 7 May) and was last sold in 2016 for $565,000. Its latest rating valuation by Kaikōura council is $650,000 as of 2024. There are 9 7-bedroom properties for sale nearby. There are 90 properties for sale in South Bay.

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458 State Highway 1, Kaikōura

7

8

2

Property data

Broadband available

Floor area

198m²

Land area

902m²

Type of title

Freehold

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Kaikōura, Kaikōura

Kaikoura is a suburb which lies within the Territorial Authority of Kaikoura, one of 4 residential suburbs which form the wider region. Kaikoura is the largest suburb of Kaikoura in terms of the total number of residential housing stock. Kaikoura provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1890 - 1899. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Kaikoura is made up of approximately 79% residential housing , 2% residential investment housing and 20% lifestyle properties.

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