Mapua, South Island
Developer's Dream – Ready to Build in Mapua
Land and Buildings + Consent Price by Negotiation (plus GST if any)
Business Description
Estuary Place Cottages, 6b Iwa Street, Mapua offers one of the most compelling boutique accommodation development opportunities in the Tasman region. Just steps from the iconic Mapua Wharf, this premium coastal site combines an unbeatable location with multiple pathways for income generation and long-term value.
On a 1,210sqm (approx.) freehold site with excellent sun and direct links to Mapua's waterfront precinct, this property is fully consented with services in place. With the vendor completing the remaining stormwater and wastewater connections, a new owner can progress construction immediately in one of New Zealand’s most sought-after coastal towns.
THE PROPERTY
Two units are already built: one beautifully finished 2-bedroom, 2-bathroom cottage currently achieving up to $400 per night during peak season, demonstrating the calibre of the planned development. The second unit is close to completion, allowing a new owner to quickly add value. Foundations for three additional units are in place, enabling immediate progression without consenting delays.
The site offers excellent flexibility: operate as boutique visitor accommodation, establish a freehold going concern, or sell units individually through the Estuary Place Limited structure. Strong Mapua accommodation demand and limited supply reinforce the long-term strength of this prime coastal location.
Please be aware that some of this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand and we have not been able to verify the accuracy of same.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.
We would welcome your enquiry on this Land, Buildings & Consent for sale in Mapua via our website or direct to JAN GRANT P: ---------- M: ---------- E: ---------- .
Business Summary
Key Investment Insights
1. Fully consented 1,210sqm freehold coastal site in Mapua, enabling immediate development without new consenting delays.
2. Vendor to complete remaining stormwater and wastewater connections, reducing buyer capital expenditure and time to build.
3. Two units already on site, including a finished 2 bedroom, 2 bathroom cottage commanding up to $400 per night at peak, demonstrating proven revenue potential.
4. Second unit near completion, offering rapid uplift in operating income once finished.
5. Foundations for three additional units are in place, allowing immediate progression of the full build programme.
6. Multiple exit and operating options, including boutique visitor accommodation operation, freehold going concern sale, or individual unit sales via Estuary Place Limited.
7. Prime location steps from Mapua Wharf and direct links to the waterfront precinct, enhancing guest appeal and pricing power.
8. Situated in one of New Zealand’s most sought after coastal towns, supported by stated strong demand and limited accommodation supply.
9. Site is described as a boutique accommodation development opportunity, indicating potential for premium positioning and higher-than-average nightly rates.
10. Some listing details are externally sourced and unverified, and further confidential information requires a signed confidentiality agreement.
