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Wairewa is a long-abandoned thermal resort that has been abandoned. The current owners are looking for a buyer or development partner to market it as a potential tourist destination.
The Waiwera Thermal Resort & Spa.
Photo: Google Maps
The resort’s well-documented demise was caused by the sudden departure of its investor Russian businessman and reported billionaire Mikhail Khimich in 2018, who is reported to have since died in Russia with Covid-19.
Currently, Urban Partners and Colliers are seeking a joint venture partner or buyer to purchase the property, resort, hotel, water bottling, and campground.
Doug Osborne, director of
Project, said that they anticipate interest from all over the globe.
” The site is a tourist attraction with extraordinary potential. It has been designated by the Auckland Unitary Plan as a regional tourist attraction. It has zoning that allows for residential development, business, tourism, hospitality, and visitor accommodation. “
Osborne stated that the closure of the border had caused delays in the search for a partner development.
A look inside the abandoned Waiwera thermal pool
” While we have known about the potential of this site for a long time, the restrictions of Covid and the associated border closings have further delayed our goal to find an excellent partner who can see and develop the site’s wellness potential.” he stated.
” We have had high hopes and the best intentions for this unique freehold location with its thermal waters. Now that the main problems behind the long delays have been addressed, we are pleased to confirm that we are marketing this site to anyone who is interested in developing, purchasing, or partnering with us to create this world-class wellness destination. “
He said that the campaign will target people in the leisure, wellness, and leisure sectors.
Colliers Director of Sales Josh Coburn stated that the chance to redevelop a coastal area near Auckland was an “once in a life time opportunity”.
“Waiwera offers what no other property in New Zealand can; a coastal development of scale, within 45 minutes of Auckland’s CBD, with the benefit of a rare geothermal bore. “
Coburn told Checkpoint there could possibly be two partners they would engage with, rather than just one.
It was too early to know who was interested, whether it be hotel operators or tourism operators. But he was hoping for a mixture.
He would not comment on how much he believed it would sell for, but confirmed it would definitely be over $10 million.