Hahei, Thames-Coromandel

Price On Application

Proposed Usage
Tourism & Hospitality
Property ID

One of the best performing commercially run high-end boutique accommodation Bed and Breakfasts in the seaside Coromandel township of Hahei has been placed on the market for sale. The upmarket Hahei Bed and Breakfast has guest accommodation consisting of two studio-sized suites on the upper level. Each unit has its own tiled ensuite bathroom. The ground floor bedrooms flow out onto the garden and swimming pool area, while the upper level rooms have individual decks. The property's four rooms each have seasonal night rack rates of between $325 and $365. Since taking over the Hahei Bed and Breakfast business in 2015, the current owners have improved the venue's website and booking system liked in to several online accommodation search engine programmes, generated an on-going pipeline of forward bookings, switched to a streamlined accounting system, and built marketing relationships with in-bound tourism operators. As a result, the B & B's turnover grew by eight percent in the summer of 2015/16, escalating rapidly since then to deliver a 44 percent increase in turnover to the end of the 2017 financial year. Trading accounts show that bookings taken for the lodge through to the end of November last year were up 25 percent on the same month in 2016. The business tracks a peak occupancy level of more than 90 percent over the summer January/February period, slacking to 55 percent over the shoulder months, and running at 22 percent in the winter months of July and August. However, Hahei Bed and Breakfast's owners are now looking to retire, and have placed the land, buildings, and business on the market for sale for $1.7 million through Bayleys Whitianga.
The 280 square metre Hahei B & B lodge and adjacent 35 square metre sleep-out sit on some 1,551 square metres of freehold land with a peek of the ocean from upstairs, but a lovely semi-rural location less than 10 minutes walk from beautiful Hahei beach. .

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