Listed: Mon, 27 Jan

Freehold Private Island - Auckland, New Zealand

1 Pakatua Island, Rakino Island, Hauraki Gulf Islands, Auckland

Asking price $60,000,000

6+ Beds
6+ Baths
240000m² Land

Attribute	Value
Property type	House

Pakatua Island is a Freehold Private Island, Close to Auckland City, also known to some as Pakatoa Island. The title for the island expresses the correct legal name as “Pakatua Island”.

Pakatua Island, is situated between Coromandel and Waiheke Island in the beautiful Hauraki Gulf, approximately 40km from downtown Auckland, New Zealand. This is a private freehold island with three private white sand beaches, 24.0787 ha of land (approx. 60 Acres) to be sold complete with the somewhat aged resort buildings and facilities.

Known as Pakatoa Island Resort, about 25 years ago it operated as an iconic holiday and business conference facility, the current owners run it for some years then closed the business to keep as a private holiday resort for family and friends to enjoy, although the property has been loved and cared for by a live in caretaker the buildings and facilities have not been utilised as a holiday resort since and are in need of refurbishment or demolition.

With new investment the island has potential to be transformed back into a holiday destination resort or exclusive business conference centre or alternatively remain as a private haven for your family or group investment consortium to enjoy.

This is an absolute once in a lifetime opportunity to purchase a unique piece of New Zealand Property that might not be offered for sale again.

The price is firm: NZD$60 million (+GST if any)

General Information - Pakatua Island (Pakatoa Island) - Located in the Waitemata Harbour, Pakatua Island is approximately 32 kilometers from Auckland City. It is one of the very few islands privately owned in the Hauraki Gulf, as most islands are held by the Crown as reserve and used as public parks.

The island was developed as a resort destination in the 1950s more than 24 hectares of undulating land rising from the sea level to a high point of approximately 56 metres above sea level.

Pakatua Island is endowed with two attractive beaches on the east coast and one to the north adjacent to the existing wharf facilities. At least one of these beaches is always sheltered due to the position of the island, which has a generally northerly aspect.

The buildings currently on site are located to the lower northern part of the island with the chalets constructed on the high ground and open grassland occupying the southern half of the island.

The island is extensively landscaped with large stands of native and pine trees, various types of palms and large open areas of grassland. Marine access to the island is serviced by a substantial modern wharf jetty and the island is serviced by a sealed road system.

The buildings include a restaurant and coffee bar, takeaway foods, tourist license bar and lounge bars together with kitchen facilities, entertainment and conference centre, reception, offices and shop. A swimming pool is also located within this area.

Staff amenities and facilities areas are supplied together with maintenance staff buildings and general storage buildings.

The accommodation on the island consists of 24 beach side cabins and 38, 2–3-bedroom units, all buildings constructed by Lockwood, a superior timber frame construction method unique to New Zealand featuring natural timber interior finishing.

The 2–3-bedroom units are located on the slopes of the island and all have very good views. All units are fully self-contained.

Power is provided by a recently installed solar system and the two older diesel generators as backup power.

Fresh water is provided from four underground bores supplemented by rainwater collected from roof tops and stored in a number of large capacity tanks. A sewage treatment plant and drainage system has been constructed to specification for the existing size and use.

The resort was opened to the public early in 1965 having been constructed over the latter part of 1964. The island was run as a self-contained visitors facility with facilities and buildings designed to cater for both day or overnight visitors until it closed. Recreational facilities include previously mentioned beaches and pool, 2 mini tennis courts, a bowling green, squash court, gymnasium and solarium. The resort facility has been closed to the public in recent years.

The property is presently supervised by a resident caretaker.

To view more take this link: https://www.newzealandproperty.co.nz/property/1000020

For all enquiries contact:

Stephen Hudson Executive Salesperson REA Licensed & MREINZ Tel: 0274 746 774 Int. Tel: +0064 274 746 774 Email: mailto:Stephen@Home.co.nz

New Zealand Property Limited Licensed REAA 2008

Please Note: Viewing is at the expense of the purchaser:

Weather permitting by Shuttle boat from Auckland City, $1400-00 return or by Helicopter: Jet Turbine