To download the Body Corporate Documents use the following link: https://www.dropbox.com/scl/fo/30e36lcejpmojzux6w6lk/AGDWuYkmxULO-HoVnrPjycY?rlkey=irjvbcn93zwfufj63mpxk6ht8&st=h4qrpasn&dl=0
To download the property documents use the following link: https://www.harcourtsfiles.co.nz/listings/KSAV
Lock up, leave, invest… the choice is yours.
Could this be one of the last opportunities to buy in Orewa for under $500,000?
At an asking price of just $489,000, opportunities this close to Orewa Beach at this price point are becoming incredibly hard to find. If you've been waiting for an affordable way to secure your own slice of the Coast, don't wait too long.
Whether you're looking for an easy lock-up-and-leave by the beach, a smart investment, or a place to escape for weekends on the Coast, this is one you'll want to see.
Just 150 metres (approx.) from Orewa Beach and less than 500 metres (approx.) to Orewa's cafés, restaurants and shops, you'll spend more time enjoying the lifestyle and less time maintaining it.
Rental appraisal: With an expected rental income of $530 per week, the property delivers an estimated 4.73% yield after body corporate fees, making it an attractive investment opportunity.
The complex consists of just eight apartments and is professionally managed with what appears to be a low-drama body corporate. Recent meeting minutes show no significant disputes, special levies or major building issues, giving buyers confidence in the ongoing management of the complex.
Body Corporate: $4,437.35 per year, covering building insurance, exterior maintenance, lawns and gardens, body corporate management, Building Warrant of Fitness (BWOF), long-term maintenance planning and the upkeep of the common areas. This includes 1x designated carpark.
Many locals will remember this property as the Hibiscus Palms Motel, a familiar landmark on Hibiscus Coast Highway before the motorway extension. Today, it comprises eight individual apartments, providing an easy-care option just moments from Orewa Beach, cafés, restaurants and everything that makes this seaside town such a popular place to live and invest.
The Pre-Contract Disclosure Statement, body corporate records and supporting documents are available for download below, allowing purchasers to complete their due diligence with confidence.
Whether you're searching for a beachside base, a straightforward investment, or an easy-care home where you can park the car and walk almost everywhere, this is an affordable opportunity to secure your own slice of one of the Hibiscus Coast's most sought-after locations.
To view the property documents copy this link into your browser : https://www.harcourtsfiles.co.nz/listings/KSAV
