A picture perfect location and a discount of half a million dollars.

The owners of New Zealand’s Paihia TOP 10 Holiday Park, are so keen to sell this premier Bay of Islands retreat, they have dropped the asking price for the magnificent property by $500,000 to NZD $2,950,000.

The Bay of Islands is a spectacular area on the east coast of the Far North District of the North Island of New Zealand, renowned as one of the most popular tourist destinations in the country because of its majestic scenery, fine sailing and big game fishing.

The Paihia TOP 10 Holiday Park is a premier waterfront property nestled on the serene shores of the Veronica Channel, just moments south of Paihia’s vibrant township.

It sits in the middle of pristine native bush, spanning 1.5685 hectares and offers an unparalleled opportunity in the heart of the Bay of Islands.

For sale as a freehold going concern, the Paihia TOP 10 Holiday Park is a well-established retreat boasting a diverse range of accommodation options.

With exceptional reviews and repeat bookings, experienced management and upgraded infrastructure, it promises to be not only a sound financial investment but also a lifestyle opportunity unlike any other in the Bay of Islands.

The holiday park has 97 accommodation lots including cabins, campsites (powered and non-powered) and spacious family units. Each site is meticulously maintained and the cabins have been recently upgraded with double glazing and refreshed interiors.

There are 13 cabins in one-bedroom, two-bedroom, and family units, 12 waterfront sites for use by caravans, motorhomes or tents, 14 powered hardstand motorhome sites, 34 powered grassed sites, and 27 non-powered grassed sites.

The accommodation is against a backdrop of mature trees and bush, and enjoys a sheltered position ideal for relaxation and aquatic pursuits. Guests relish easy access to Paihia’s amenities while basking in the tranquillity of coastal living.

The property has a commercial-style kitchen, al-fresco dining area with BBQs, TV room, high-quality ablutions block, a laundry with commercial-grade equipment and a campervan dump station. The communal facilities are recently renovated and well maintained.

Visitors delight in the landscaped, outdoor heated swimming pool, children’s playground, and a convenient boat ramp launching into a beautiful sheltered cove for water based adventures.

The managers residence is a comfortable three-bedroom villa-style homestead with interconnected office and store, ensuring seamless onsite management.

Michael Shah from Tourism Properties said the park was in the perfect location being the ideal distance from Auckland (230km) for a first night’s stay for people on New Zealand’s Northlands route.

He said the Paihia TOP 10 Holiday Park enjoyed consistently high occupancy during peak periods, especially over Christmas and New Year, with strong visitor numbers supported by international travellers in spring and autumn.

The recent upgrades to cabins, and renovated communal facilities have allowed for higher nightly rates and accelerated investment payback.

Mr Shah said what set this opportunity apart was “the seamless management in place”.

He said: “The holiday park is expertly managed, fully staffed, and finely tuned for easy day-to-day operations with modern, well-maintained facilities requiring no immediate capital expenditure.

“The property is not only a thriving business but also presents several development opportunities.”

There is an existing resource consent for a 24-metre boat jetty and potential for additional high yielding cabins or family villas. A large neighbouring hilltop residential property with magnificent views is available for separate negotiation, offering further opportunities for expansion.

There is also the possibility of residential conversion and potential for transforming parts of the property into an exclusive waterfront residential estate.