5 BED 2 BATH 4 CARPARK

Two Units Today, Three Tomorrow

ENQUIRIES OVER $650,000 (INCLUDING GST)

Property Files: https://www.propertyfiles.co.nz/3TorquayStreet

Positioned on its own 478sqm freehold title and formerly part of Kaikoura’s historic Post Office Complex, this unique property offers immediate income, future upside and exceptional flexibility. Both units are rented to the Sudima Hotel over the Spring and Summer months.

The property comprises two renovated self-contained units, plus a consented opportunity to create a third dwelling.

Front Unit – currently rented for $550.00 per week

– Three bedrooms
– Open-plan living and dining
– Renovated kitchen and bathroom
– Separate toilet
– Sunny and practical layout

Rear Unit

– Two bedrooms
– Open-plan living
– Renovated kitchen and bathroom
– Private and low-maintenance

Both units are rented to the Sudima Hotel over the Spring and Summer months.

For those looking to secure even more space or explore a rare side-by-side opportunity, the neighbouring property is also currently listed – view it here https://homechch.co.nz/1-torquay-street-kaikoura/

Adding significant value is the oversized double garage, with building consent already issued for conversion into a fully self-contained two-bedroom home. The approved plans feature:

– Two bedrooms
– Open-plan living
– New kitchen and bathroom
– Private courtyard
– Sunny aspect
– Separate access

Once completed, the additional dwelling could provide an estimated rental return of approximately $450 per week, or alternatively be utilised as short-term visitor accommodation (subject to owner preference and applicable requirements).

Kaikoura remains one of New Zealand’s premier tourism destinations, attracting visitors year-round with its world-renowned whale watching, marine wildlife experiences, spectacular coastal scenery and vibrant hospitality sector. This strong visitor demand continues to support both long-term and short-term accommodation opportunities.

Whether you’re seeking a home and income, a multi-unit investment, or a property with clear value-add potential already underway, this versatile offering presents an exciting opportunity in a tightly held location.

KIEREN GRAY

HOME SPECIALIST & DIRECTOR

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