Slice of Northland heaven on market for first time in 40 years
Interest is running hot in a magnificent freehold coastal property, currently home to one of Northland’s top family holiday destinations.
Treasure Island Holiday Park in Pataua South is being marketed for sale by Mike Peterson of Bayleys Auckland Central and Kirsty McCorkingdale of Bayleys Whangarei by deadline private treaty closing at 4pm on Wednesday July 7, unless sold prior.
Peterson said he was not surprised the property was attracting strong interest. “This is an incredibly rare opportunity and is becoming more rare. We have fielded more than 30 inquiries so far as buyers recognise the numerous options available for this iconic piece of paradise.”
Occupying 5.67ha (more or less), this closelyheld waterfront estate is offered for the first time in 40 years.
Situated on Northland’s east coast about 30km from Whangarei, there is direct access across Crown-owned land to the sheltered waters of the Pataua estuary and white sandy beach of Papuni.
The property is zoned Rural Village Residential Environment under the proposed district plan and Peterson said there was exciting potential to create more titles or future subdivision, subject to consent.
McCorkindale said while developers had been shoulder-tapping them, “the existing, very sound business offered an opportunity to purchase a freehold going concern and realise profit from the forward bookings. Campgrounds like this one on freehold land are few and far between,” she said.
“There are many options to maximise what is already there,” Peterson added. “With so much space on offer, you could also build for panoramic views from the more elevated parts of the section.”