22 Waikawa Road, Picton, Picton

$989,000 + GST (if any) Positioned prominently on Waikawa Road in Picton, Admirals Lodge is a well-known accommodation offering comprising 11 bedrooms and a proven seasonal income stream. Just minutes from the waterfront, marina and town centre amenities, guests can easily access cafés, restaurants, walking tracks and transport links, making this a highly convenient and desirable location. Successfully operated by the current vendors as a lifestyle business, the property delivers strong returns through the higher season while still allowing flexibility and balance. Set on land zoned Business Zone 1, the site presents significant future potential. With multiple permitted activities under the zoning, buyers have options, continue operating as accommodation, expand the offering, diversify into complementary ventures, or reimagine the property entirely (subject to council guidelines). This is a rare opportunity to secure an established enterprise in a premium position, offering income, flexibility and long-term upside in one of Marlborough’s most recognised coastal hubs.