258 Cowes Bay Road by nzsothebysrealty

Ridgetop Spectacular

BAY ROAD, WAIHEKE ISLAND

The rarest offering of residential, commercial and access to an aquatic wonderland ‘ ’

Ridgetop SpectacularWaiheke Private and Commercial Estate

258 COWES BAY ROAD

Welcome to 258 Cowes Bay Road, Waiheke Island. The outlook often described as the most breath-taking on Waiheke. The islands of Pakatoa, Ponui and Rotoroa punctuate the horizon.

A 1.86-hectare freehold site. Home to the acclaimed Waiheke Distilling Company with the distillery building, tasting room and hospitality venue consented for up to 263 guests per day. Sale and lease back opportunity option presents an attractive passive income opportunity option.

Paths and formed resting spots weave through the aromatic botanical gardens that provide a buffer between the private and commercial use.

The private residence is only two years old and offers complete privacy from the commercial development.

Clean lines, birch ply ceilings, Italian Riverstone tiling, drapes and plush NZ wool carpets have created a spacious, light, nurturing home with the views constantly in focus, a literal dream scape.

The title affords you gated access to PIKAU Bay - enjoy the beach, a 49-metre jetty, two all tide boat launching ramps, a registered mooring and helipad an aquatic wonderland with ease of access to the sea and scope rarely offered. A separate boat or storage shed is also included as part of the purchase.

Commercial, private or mixed use. Options also include lease back to, or consideration for purchase of the Waiheke Distilling Company.

The asking price is NZD $9,200,000 including GST for land and buildings. Depending on how you structure your purchase this could allow you a significant GST return on the purchase price.

Distilling curious or a complete reimagine, perhaps it’s time to invest in your own legacy.

Property Features

• 1.86 ha ( 4.6 acres) of Freehold Land

• 730 ( more or less) of construction in total, featuring both commercial and residential buildings.

• Expansive sea and coastal views, commonly referred to as the ‘Best on Island’. Views sweeping mature Native forest to Pakatoa, Rotorua and Ponui Islands that punctuate your horizon.

• GST is not a factor on the majority of the property (the asking price includes GST). So the opportunity to construct as a commercial venture and extract the GST is available (please seek own financial advice).

The freehold title offers an easement that offers shared driveway down to Cowes Bay, parking at and use of the beach, 49m Jetty, a registered boat mooring centre of the bay, helipad and two boat launching ramps. There is a covenant that relates to the management of the shared easement areas.

COMMERCIAL BUILDINGS AND FACILITIES

• Hospitality premises for up to 263 person per day. – Land and buildings (Garden bar and associated out buildings) only

• Lawn and expansive coastal views amongst the best on the Island.

• Waiheke Distilling Company operates from the premises producing an internationally awarded spirits portfolio in the distillery building and operating a full tavern licenced garden bar.

• Historic shearing shed converted into storage and tasting rooms with coastal views.

• Generous public parking.

• Commercial distillery building currently used for distilling, office and packing for Waiheke Distilling Co Ltd. Sale and lease back to the company provides for passive income opportunity.

• Possible purchase opportunity for Waiheke Distilling Co Limited (this is separate and

in addition to the published asking price)

• Consented bore allowing draw of 5000L/ day

50,000 L Rainwater storage tanks and 25,000 L bore water storage tank.

• 60 solar panels (26kW) Pixie battery back up (40kW instantaneous draw, 120kWh of storage capacity)

• Three-Phase mains power supply (63A per phase, expandable to 100A per phase)

• Large botanical garden

• 5000 L per day Wastewater system

BOTANICAL GARDEN

• Established in 2020. Spray free botanic garden

• A lovely garden of separation between the Commercial and Residential aspects of the property.

• With trails and restful places to stop and take in the coastal views. The extensive range of plants, trees and aromatics include those used to create and inspire the flavours for Waiheke Distilling Co’s Internationally award winning Gins and Botanical Vodkas.

• Citrus, coriander, juniper, fennel, persimmons, elderflower, roses, figs to name just a few.

RESIDENTIAL

• Four-bedroom, three bathroom fully consented dwelling constructed in 2023

• The most sensational views of mature NZ native forest and the Hauraki Gulf Islands

• Electrical supply is common with the Garden Bar and Distillery (including the Solar and Battery backup).

• Birch ply ceilings and kitchen cabinetry

• Italian river stone tiling throughout the living, kitchen and entranceway

• Star Link Internet Provider

• Tiled bathrooms with underfloor heating

• Generous North and east facing decking

• Commercial grade Hoshizaki ice maker

• Zenith 4filtered tapware providing filtered chilled, sparkling, and boiling water.

• Double under bench oven

• Six burner gas hob

• Combi oven and wall oven

• Wine fridge

• Dishwasher

• Integrated fridge freezer

• Privacy

• One level easy access property with generous parking.

• Spa Pool

• Butlers pantry

• Premium NZ wool carpet

• Drapes and sheers to all bedrooms

• Study

• Powder room

• Utility room

• Built in Wardrobes, walk-in wardrobe to the primary bedroom suite and 1 x guest bedroom

• Keypad door entry

• 50,000L water tank storage capacity for the house. Wastewater system is common with the Garden bar and Distillery.

• Boatshed (Lot 6)

Additional documents available on request

• Waiheke Distilling Company Brochure

• Auckland City Council property File

• LIM report

• Resource consent for a discretionary Activity - operational hours and patron occupancy per day property

• Title - Instruments and covenantsthis includes all rights of access and use of PIKAU Bay

• Levy Invoice for shared expenses, pertaining to the covenant for 2026/2027.

Planning

For queries regarding planning and use rights. We highly recommend the planning and resource consent specialist who has worked in that role for the property to date;

ISLE