1 Kersage Drive, Kaikoura, Marlborough

The Fairways Apartments at Ocean Ridge, Kaikōura presents an outstanding opportunity to acquire a high-performing accommodation business through an exclusive Management Rights Agreement, combined with the security of a freehold investment in the manager’s residence.This executive accommodation complex comprises 12 luxury two-bedroom apartments. With a twin-key configuration, the property effectively operates as a 24-room accommodation offering, providing exceptional flexibility for guests and operators alike.Each beautifully furnished apartment features two king bedrooms with ensuites, including a spa bath, a designer kitchen, separate dining and living areas, a gas fireplace, and a private outdoor courtyard. Apartments can be configured as one-bedroom or two-bedroom accommodation, while a self-contained studio option further enhances market appeal and occupancy opportunities.The manager’s residence is a modern architectural home incorporating four bedrooms, a double garage, reception area, and commercial laundry facilities. Designed to a high standard, it offers comfortable family living alongside seamless business operations. A private outdoor entertaining area and access to the wider Ocean Ridge amenities create a lifestyle seldom found within accommodation businesses.What We LikeStrong financial performance with proven EBITDA returns.Management Rights opportunity in one of the South Island’s premier tourism destinations.Freehold ownership of the manager’s residence, providing the security of tangible property investment.Exceptional lifestyle opportunity in the stunning coastal community of Kaikōura.Immaculately maintained complex with an established refurbishment fund.Modern construction with quality fixtures, fittings, and chattels throughout.Flexible accommodation configurations creating multiple revenue opportunities.Supportive and engaged apartment owners.Well-established brand with strong recognition in both domestic and wholesale tourism markets.Highly rated by independent traveller reviews.Currently operated under management, presenting further upside for an owner-operator.Established reporting systems, budgets, and operational procedures.Strong forward bookings already secured for the upcoming summer season.The current owners are genuinely motivated to achieve a sale, creating an excellent opportunity to secure a thriving accommodation business and enviable lifestyle in Kaikōura. The Fairways offers a prestigious, low-maintenance operation that can be run with confidence and pride.For further information, contact specialist Accommodation Business Broker Adam Berry on 021 409 441 or email adam.berry@tourismproperties.com