Management Rights, Whitianga

Management Rights, Whitianaga, Coromandel Peninsula, New Zealand

Management Rights, Whitianaga, Coromandel Peninsula, New Zealand

Description

For sale, this immaculately presented Management Rights including real estate in Whitianga on the Coromandel Peninsula, New Zealand, is testament to the commonly held belief that location and quality is everything, and when offering great holiday accommodation this complex lives up to such a statement.

Located across from the water, this very successful complex is being offered for sale that includes the business and 2 apartments (1 on its own title). With 18 apartments (mix of 1, 2 & 3 bedrooms) in the letting pool makes for a very profitable business that’s still growing. Unlike a motel, each apartment is large, self-contained with its own full kitchen, laundry, private deck with views of either the water or town, Sky TV 50 + channels, DVD player, Wi-Fi and undercover car park in the basement. An added attraction is the swimming pool (heated in summer), hot tub and BBQ. No leaky building issues either as the building was re-clad and a new Code of Compliance issued 2014.

Included in the sale:

  • Management Rights: 10 + 10 + 10 years with a final expiry 2039
  • Managers 1 bedroom freehold apartment
  • Very profitable with income received from an annual fee plus letting fees
  • 2 bedroom fully furnished apartment separate to management rights on its own freehold title

Whitianga, on the Coromandel Peninsula, is about 2 ½ hours from Auckland, Tauranga and Hamilton with its current population of approximately 5,000 permanent residents expected to double by 2025. But from October to May it’s home to thousands of holiday makers who come to visit the beaches, Hot Water Beach, Cathedral Cove, fishing, diving, biking and walking tracks, art and craft shops along with the many other attractions on the Peninsula. Because of its popularity a rescue helicopter is based in the town over summer.

With the number of events (scallop festival, Rod Millan’s leadfoot hill climb, concerts, Targa rally) being hosted in the town increasing, and with organizers planning more this complex will certainly benefit.

Those considering a business that’s well supported by strong financials in the growing tourist accommodation industry and would like to invest $1.345 million please contact:

Darcy Snowden
Mobile: 021-941-511
Email: darcy@businessbrokers.co.nz 

Motel Sales – Darcy Snowden

Check out one of the many events Whitianga is renown for: http://www.scallopfestival.co.nz/

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