Listed: Fri, 31 May

OH! WOW!

283 State Highway 10, Coopers Beach, Far North, Northland

Asking price $4,000,000 + GST (if any)

548m² Floor
9452m² Land

Attribute	Value
Property use	Hotel/Leisure
Capital value (CV)	$3,180,000
Parking	20 off street carparks
Agency reference	NAKI3317

Please note that the price is + GST (if any).

Do you consider yourself a Visionary and do you have Boundless Energy?

Sanctuary in the Cove, the premier waterfront real estate in Doubtless Bay, nestled between Coopers Beach and Cable Bay, is positioned for a dynamic new custodian to elevate its business potential. This exceptional property offers numerous opportunities for innovative entrepreneurs.

Business Opportunities:

Subdivision: Capitalize on the 9,452 sqm of Residentially Zoned, waterfront land by subdividing (600sqm Controlled Activity or 300sqm as Discretionary Activity). A Registered Valuer suggested "6 excellent lots" could be created.
Resource Consent Renewal: Renew the Resource Consent to expand with a fourth residence.
Holiday Let: Fully let all three existing dwellings. Currently, only one cottage is regularly rented out.
Retreat Utilization: Transform the property into a retreat for yoga, cold plunge, meditation, art gallery or a business park.
Endless Possibilities: The options for future development and creativity are limitless.

Currently promoted as a boutique resort, Sanctuary in the Cove features:

Main Residence: A two-story home, extensively renovated offering 4 bedrooms, office, living room, games room, 3 bathrooms plus additional WC, walk-in robe, rimu flooring, i/a dble garage, and boat storage.
Guest Cottages: Two self-contained cottages, each with 2 double bedrooms. Cove Cottage averages $350/night, while Pohutukawa Cottage houses a caretaker.
Waterfront Access: Over 100m of waterfrontage with easy boat and kayak launch access.
Stunning Gardens: Architecturally designed gardens featured in NZ House and Garden, with mature native trees, shady pathways, a running stream, and a central waterfall.

With an entrance on SH10 secured by electronic gates, the property slopes over 200 meters down to a private cove, offering complete privacy between the three north-west facing residences built on expansive flat land at the water's edge.