The Fairways Apartments at Ocean Ridge, Kaikōura presents an outstanding opportunity to acquire a high-performing accommodation business through an exclusive Management Rights Agreement, combined with the security of a freehold investment in the manager’s residence.
This executive accommodation complex comprises 12 luxury two-bedroom apartments. With a twin-key configuration, the property effectively operates as a 24-room accommodation offering, providing exceptional flexibility for guests and operators alike.
Each beautifully furnished apartment features two king bedrooms with ensuites, including a spa bath, a designer kitchen, separate dining and living areas, a gas fireplace, and a private outdoor courtyard. Apartments can be configured as one-bedroom or two-bedroom accommodation, while a self-contained studio option further enhances market appeal and occupancy opportunities.
The manager’s residence is a modern architectural home incorporating four bedrooms, a double garage, reception area, and commercial laundry facilities. Designed to a high standard, it offers comfortable family living alongside seamless business operations. A private outdoor entertaining area and access to the wider Ocean Ridge amenities create a lifestyle seldom found within accommodation businesses.
What We Like
- Strong financial performance with proven EBITDA returns.
- Management Rights opportunity in one of the South Island’s premier tourism destinations.
- Freehold ownership of the manager’s residence, providing the security of tangible property investment.
- Exceptional lifestyle opportunity in the stunning coastal community of Kaikōura.
- Immaculately maintained complex with an established refurbishment fund.
- Modern construction with quality fixtures, fittings, and chattels throughout.
- Flexible accommodation configurations creating multiple revenue opportunities.
- Supportive and engaged apartment owners.
- Wellestablished brand with strong recognition in both domestic and wholesale tourism markets.
- Highly rated by independent traveller reviews.
- Currently operated under management, presenting further upside for an owneroperator.
- Established reporting systems, budgets, and operational procedures.
- Strong forward bookings already secured for the upcoming summer season.
The current owners are genuinely motivated to achieve a sale, creating an excellent opportunity to secure a thriving accommodation business and enviable lifestyle in Kaikōura. The Fairways offers a prestigious, low-maintenance operation that can be run with confidence and pride.
