Eight-Bedroom Apartment Block with Business for Sale in Blenheim

The Haddin Court Apartments, located at 69 Maxwell Road in Blenheim, Marlborough, New Zealand, present a remarkable investment opportunity in the hospitality sector. This portfolio consists of six separately titled and fully restored apartments, embodying a high-specification standard that meets the needs of both corporate and leisure guests. With approximately 80% of the structure being newly renovated, these units offer a modern and low-maintenance aesthetic, making them ideal for high-value clientele.

Sold as a 'going concern', this acquisition includes a thriving short-term rental business optimized for Marlborough's bustling tourism market, which boasts an annual tourist spend of over $400 million. The strategic six-unit configuration allows for risk mitigation against vacancy, with proven occupancy driven by a mix of return guests, corporate contractors, and international tourists. The property has been constructed to exceed the New Building Standard (NBS) requirements, ensuring its structural integrity while being fully equipped with new core services, providing a maintenance-free horizon for new ownership.

The development section of 400m² at the rear of the property offers unique opportunities for growth, including the potential to build additional units or create a bespoke on-site residence. This flexibility enables owners to either expand their portfolio or realise capital gains through the sale of individual units without disrupting current income streams. With its strategic location in central Blenheim, just a 10-minute drive from Marlborough Airport and in proximity to numerous vineyards and natural attractions, Haddin Court Apartments stand out as a highly resilient business asset within one of New Zealand's most robust economies.