A converted boat shed in New Zealand just sold for a record $1.25 million. The dinky-yet-colossally-expensive property has a catch — you can't use the bathroom or sleep there. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA 700-square-foot converted boat shed in New Zealand sold for a record $1.25 million late last month. Despite this, the tiny historical property at Whakatakataka Bay, Ōrākei, ratcheted up the highest price ever paid in New Zealand — that's just over $2 million in local dollars — for a boat shed, the Herald on Sunday reported. Scroll down to see what a $1.25 million luxury boat shed looks like inside and out.

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Persons: — Organizations: Service, that's, Herald Locations: New Zealand, Whakatakataka, Ōrākei