Opportunities to secure a freehold waterfront, diversified income-producing asset on Marsden Road are exceptionally rare. Positioned front-row to the Bay of Islands with views across to Russell, this property combines commercial rental income, established accommodation returns, and a valuable residential apartment all within one tightly held seaside address.
Set in the vibrant centre of Paihia, the property benefits from constant visitor flow and strong hospitality demand. Just a short stroll to the Paihia Wharf, beaches, restaurants and retail shops, this property sits in the heart of the Bay of Islands tourism economy. Being positioned next to the historic Williams Memorial Church of St Pauls further anchors the property within one of the town’s most recognised and photographed waterfront stretches.
The street level commercial restaurant is on a 5-year lease with a termination clause in favour of any new owner should they look to operate the property in its entirety. On the first floor is a well-appointed 3-Bedroom, 2-Bathroom apartment ideal for an owner-occupier, or additional rental income stream as long term or short-term accommodation. Complementing the apartment is a ground level garage and office.
At the rear of the property is a spacious 4-Bedroom, 3-Bathroom waterfront holiday home with waterfront views, currently operating as short-term accommodation. With Paihia serving as the gateway to the wider Bay of Islands, accommodation demand remains a key driver of the local economy. There is an approved consent to subdivide this rear portion of the property.
This is a rare waterfront mixed-use property delivering stunning views, diverse income, long-term value and lifestyle options in one complete package!
For Sale
By Negotiation + GST (if any)
Enquire for a price guide.
See this listing on Barfoot & Thompson
