Buyers Eye Management Options For Boarding House

A fully renovated 18-room boarding house offers buyers immediate income potential and long-term flexibility in a desirable central Whangārei location.

Positioned on a more than 980-square-metre freehold site in the city-fringe suburb of Regent, the property for sale combines scale, modern presentation and operational versatility with easy access to the city centre and amenities.

The Wolfe Street site’s two buildings contain bedrooms in a variety of sizes and configurations, including large rooms with ensuites, supported by a communal kitchen/dining room, conservatory, shared laundry facilities, and on-site parking. It has been operated as quality short-term/boarding accommodation since October 2025.

Bayleys salesperson Daniel Sloper said owners have the option to acquire the facility with vacant possession and self-manage it, or to reap immediate returns and build on growing revenue and occupancy under an existing short-term management arrangement.

If self-managed, the site has an appraised potential to earn a gross income of some $279,000 including GST per annum, based on 100 percent occupation – supplemented by approximately $4,800 a year from on-site solar power generation.

“The property has been independently managed and operated in an Airbnb-style accommodation format since renovations were completed in late 2025.

“While still in the early stages of operation, both revenue and occupancy levels have climbed steadily. The property is also securing government accommodation contracts to house staff, supporting ongoing demand and occupancy,” Sloper said.

Performance figures for the existing arrangement are available to potential buyers on request.

The property at 22A Wolfe Street is being offered to new owners by deadline private treaty closing on Wednesday 24 June (unless sold prior), through Bayleys Whangārei.

The buildings of approximately 391 square metres sit on some 983 square metres of Medium Density Residential-zoned land.

Sloper said the complex had been comprehensively renovated to a high standard, delivering a modern and comfortable living environment suited to short-term and boarding-style accommodation.

“The improvements have been carefully considered throughout, creating a cohesive, low-maintenance accommodation facility with broad tenant appeal. The business has gained positive momentum as the operation becomes more established.

“A location within comfortable walking distance of the city centre and handy to a wealth of amenities – cafes, shops, supermarkets, schools, medical facilities, and community services – heightens its attraction as a convenient and popular place to stay,” Sloper said.

Regent is an established suburb just north of Whangārei’s CBD with strong demand for affordable and alternative accommodation options, supported by its close access to employment hubs, education facilities, and public transport.