A portfolio of five freehold properties on Stewart Island/Rakiura is being presented to the market for sale, offering buyers the opportunity to acquire a stake in the southernmost island of mainland New Zealand.
The portfolio comprises four dwellings, one of which is currently operating as a six-unit lodge accommodation offering, with the balance a combination of residential and/or development land, including a large 1.2307ha bush-clad parcel that is ripe for development.
Owned by established tourism operators Real NZ, the properties, which are located at 2, 6, 14, and 22 Nichol Road and 7 Excelsior Road in Halfmoon Bay, can be purchased individually or in one line.
Stewart Island offers a unique natural landscape. Outdoor activities are available in abundance and visitors and locals can make the most of walking, boating, fishing, diving, and kayaking, as well as hunting.
Start your property search
The island can be accessed via private boat, plane, or ferry and the flight time is only 20 minutes from Invercargill Airport.
Colliers Brokers Mark Simpson and Tyler Dickison have been appointed to market the properties for sale with the deadline for offers closing at 4pm on Thursday 22 February, unless sold prior.
-2 Nichol Road is an elevated 1,927sq m site with commanding views overlooking Halfmoon Bay and across to the ferry wharf. There is an older weatherboard villa on the site measuring approximately 159sq m.
-The adjoining 6 Nichol Road has 1,298sq m of land with a three-bedroom dwelling that was constructed in the 1960s. The existing home has renovation potential or could be occupied in its current condition.
-14 Nichol Road, home to Stewart Island Lodge, is set amongst a generous 3,038sq m site, offering peace, tranquillity, and native bird song. The 330sq m lodge boasts six king or twin bedrooms, all with functional and well-appointed en suites. The north-facing rooms all open onto the shared balcony, where the impressive views can be admired by all.
This property is being offered for sale as a freehold going concern, which includes the land, buildings, and business.
-22 Nichol Road is a vacant 1.2307ha parcel of land with unique development potential.
-7 Excelsior Road is a 946sq m elevated site, with commanding views overlooking Halfmoon Bay. There is an existing dwelling on the property that is in poor condition and would likely be demolished.
Simpson, Director at Colliers Queenstown, says few places in New Zealand offer the peacefulness and quality of lifestyle that Stewart Island/Rakiura provides.
Approximately 85 per cent of the island forms Rakiura National Park, owing to the unique qualities that make Stewart Island such a national treasure, Simpson says.
This portfolio of properties offers buyers the chance to acquire assets in an area where the relaxed lifestyle and vast array of outdoor activities will draw people back for more.
The existing sites provide considerable development potential and could be repositioned in a number of ways, including a lifestyle property for the new owner or tourist accommodation.
Dickison, Commercial Broker at Colliers Otago, says Halfmoon Bay lies on the eastern coast of Stewart Island.
Oban, the island s only township and the base for most activities, is nestled at the head of the bay, where a small fishing fleet and the daily Real NZ ferry service from Bluff dock, Dickison says.
The bay is home to a handful of lovely sandy beaches, including the beach at Oban, Bathing Beach and Lonnekers Beach, which are all only a short distance from the centre of town and popular with families and coastal adventurers.
He expects interest from a wide range of buyers, not just local to Southland and Otago, but further abroad, including Australia.
Article supplied by Colliers
