ALERT: Price Reduced to have a new owner capture the tourist season within the travel bubble.

A rare opportunity to own a unit titled villa on Rarotonga in the Cook Islands has arrived.

Villa 4: "Motutapu" is a free-standing, one-bedroom villa situated in the "Manea on Muri" resort, on Muri Beach. https://www.maneaonmuri.com/ The resort has a beautiful swimming pool by the edge of the golden sands, overlooking the lagoon. There are masks, snorkels, flippers and kayaks available for guests as well.

Muri Beach is widely regarded as the most beautiful beach on Rarotonga, and the presence of other resorts, restaurants and recreation facilities along the beach are a testimony to the appeal of the location. Muri Beach is protected from the Pacific Ocean by an extensive reef and several islands. This then forms an extensive lagoon, filled with fish and other marine life.

"Manea on Muri" has an onsite manager, and you have the option of using your villa for yourself and your guests, or renting it to tourists. The resort advertises through various online booking sites and its own website. The three-year average net income of the property prior to Covid 19 was NZ$14,768 pa, which would represent a 4.47% net return on a purchase price of NZ$330,000. Now that vaccinations are well underway around the world we can expect to see an enthusiastic return to international tourism over the next year.

There's lots to do in Rarotonga. Stroll along Muri Beach, hire a catamaran, visit the many local restaurants, take in the local culture at one of the "Island Nights" at nearby resorts, hire a motorbike and tour the island, visit local markets to buy fresh produce and meet people, or just lay in the sun by the pool.

As with all properties in the Cook Islands, the resort is on leasehold land and the current lease has 45 years to run. Lots of time to soak up the sun and enjoy the benefits of your own slice of paradise.

Call or email for more details.