19 Crescent Road West, Ostend

Three hours from Australia’s east coast. One hour from Auckland International Airport. A world away from everything. 19 Crescent Road West on Waiheke Island is a fully renovated A-frame bach with a self-contained guest studio, sitting on 1,785sqm of native New Zealand bush, minutes from the white sand of Palm Beach. At $995,000 NZD (approximately AU$820,000 at today’s exchange rate) this is the kind of asset that simply does not exist at this price point in Australia. The property is professionally managed as a holiday rental through Waiheke Unlimited, one of the island’s most established operators. Forecast net returns of NZ$42,000 to NZ$56,000 per annum deliver a gross yield of 4.2% to 5.6%. The property generates income while you are home, and becomes your island retreat whenever you are not. For the right buyer there is another dimension here entirely. Add a sauna, hot tub and ice bath to the existing and you have something genuinely rare - a sanctuary retreat for athletes, high performers, and anyone serious about their wellbeing. The bones are already there. The vision just needs an owner. No foreign buyer restrictions apply for Australian residents purchasing in New Zealand. This is not a compromise. It is an upgrade. A performing holiday rental and personal island escape in one of the Pacific’s most sought-after destinations, at a fraction of what equivalent lifestyle property costs across the Tasman. Viewing by appointment. Contact Gianni Nocera at New Zealand Sotheby’s International Realty....