An unmanned yacht was found washed up on rocks at the base of Mauao, Mount Maunganui at first light this morning.
The 20-foot yacht, named Nivana, was found around 6.30am pinned to the base of the mountain.
The hull had been pierced and the boat was full of water, leaning about 30 degrees starboard.
The owners were alerted to the wreck and arrived to survey the damage at 8.30am, about 100m west of North-west Rock, opposite Matakana Island.
Investigations into the circumstances of the wreck are underway, but the yacht is believed to have broken its mooring in Pilot Bay overnight.