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EXCLUSIVE LISTING

RENTAL INVESTMENT OPPORTUNITY

Property ID: JT017

About the property

NZ$667,000 + vat

Presenting an excellent turn-key investment catering exceptionally well to the current high demand for long term rental accommodation - ENQUIRE!

This tidy modern unit complex consists of 4 spacious fully-furnished two-bedroom / one-bathroom homes situated in a quiet, private setting off the back road in Nikao. A desirable residential setting and location for local and expat professionals working in the vicinity.

Conveniently located within just a few minutes’ drive to the airport, primary & secondary schools, Rarotonga hospital, and only 10 minutes’ drive from the main business & commercial hub of Rarotonga.  

Each unit has a well-equipped modern kitchen opening onto a comfortable living area which looks out onto beautiful lush surroundings.  Designed with a covered verandah at each front door entrance, and timber deck at the rear.

The garden area is currently partitioned for each unit however could be combined and developed into a very special area with swimming pool for use as a tourist motel or apartment complex.

Plenty of communal parking for multiple vehicles at the front of the complex, positioned at the end of a 200-metre long right-of-way driveway.  Ample room to add a reception/office/day room with parking facility.

These units are currently being used as long term rentals and are sold with all furnishings & furniture in place should the new owners wish to continue to gain an attractive income from the property.

Options

This commercial property offers 3 attractive options:

  • Use one unit as a private haven in one of the world’s most natural untouched paradises, only a short flight from New Zealand or Australia, and rent out the other 3 units.
  • Use the full property as an income source with current long-term tenants already in place.  This property caters exceptionally well to professionals working in the vicinity in neighbouring schools, hospital, airport and businesses in town.  
  • Consider renting part of the complex on the short-term tourist market, allowing flexibility to use these units for private use throughout the year, and part of the complex on the long-term rental market.

Additional details

Please contact us at Jeff Tikitau Real Estate for more information or to arrange a private viewing of this attractive turn-key investment property.

Rarotonga Motel Accommodation Complex For Sale
Apartments for sale in Rarotonga

Features At A Glance

Area Profile

Leaving the main town of Avarua in the North of Rarotonga heading West along the back road to the villiage of Nikao.

This location offers the convenience of being close to town without being amidst the local ‘bustle’.

It is very handy to schools, Rarotonga Hospital, Rarotonga Airport, and the growing number of amenities along the main road as you head towards the main town centre from the airport.  Along the coastal road to town you will find cafes, a beach bar & restaurant, a local fish shop, and CITC food, liquor and building supplies stores.

Nikao Accommodation Units

Cook Islands Property Investment

CONTACT US

For further information on any of our current property listings or to tell us what you are looking for

Professional Realtors with international experience, local knowledge & expert advice

Mobile +682 53658 Jeff / +682 53659 Natalie

Disclaimer: It is our intention to provide accurate and up-to-date information on our website which has been obtained from various sources, however all information is subject to independent review and verification.

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