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Paihia

69 Marsden Road, Paihia, Far North

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1,174sqm Floor area
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Prime waterfront investment in the Bay of Islands


An exceptional commercial property and custom-built wharf infrastructure in Paihia's prime waterfront location is now available for purchase.

This is a rare opportunity to secure a strategic, income-generating asset in one of New Zealand's most sought-after coastal destinations.

Fully leased to an established hospitality operator, Zane Grey's Aquarium, Restaurant & Bar and The Dock, this low-maintenance, high-return investment offers long-term security with minimal ownership responsibilities.

Key Investment Features:

• Iconic waterfront property spanning 1,174sqm over the water
• Purpose-built wharf development, designed for high-capacity commercial use
• Licence to Occupy the seabed secured with Northland Regional Council
• Resource consents for additional pontoons, enhancing future potential
• Secure long-term tenancy in place, with a new 5 year term and 2 rights of renewal through to 2040.
• Stable rental income that returns a great yield and return on investment.
• Unparalleled waterfront positioning, ensuring long-term demand and investment security.
• Strategic tourism hub, with strong visitor numbers, attracting over 70 cruise ships annually.
• Unique ‘Open to the Public' 60,000-litre saltwater aquarium.

This is the first time in over 20 years that this premium commercial asset has been offered for sale.

VIDEO - To view the opportunity, click the 'Video'

Contact the Sole Agents Gary Lucas, Lesley Lucas or Ben Clare today.

For Sale by Negotiation
Gary Lucas

Gary Lucas

Commercial, Business and Hotels Sales and Leasing

Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Lesley Lucas

Lesley Lucas

Commercial, Business and Tourism Sales and Leasing

Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Ben Clare

Ben Clare

Director - Commercial

Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Floor area details


1,174sqm (more or less) - 517sqm of Aquarium Restaurant and 660sqm of The Dock. An expansive footprint that caters to high-capacity hospitality operations.

Lease term


Five years from 1 April 2025 with two further Rights of Renewal

Rent review


Annual CPI rent reviews (capped at 5% p.a.) and market rent reviews on renewal dates.

Prime frontage


The Dock is front and centre, immediately visible to all people visiting Paihia, an intrinsic feature of the landscape.

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

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