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The Reef Beachfront Apartments

$1,550,000

Management Rights Bay of Plenty

ID: 1610

The Reef Beachfront Apartments

Property Name:
The Reef Beachfront Apartments
Address:
178 Marine Parade, Mount Maunganui
Property Type:
Management Rights
Sale Type:
Management Rights
Price:
$1,550,000 
Region:
Bay of Plenty
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Wayne Keene

Wayne Keene

Director | BOP, Coromandel, Auckland CBD

M: +64 21 666 991

wayne[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • Easily run business in great location
  • High degree of repeat business
  • TripAdvisor Certificate of Excellence for 2015 and 2016

Wayne Keene

Director | BOP, Coromandel, Auckland CBD

Contact Agents

Wayne Keene

Mob: +64 21 666 991

Phone: +64 9 369 9702

Email: wayne[at]resortbrokers[dot]co[dot]nz

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Gordon McGregor

Director, | BOP, Coromandel, Auckland CBD

Gordon McGregor

Mob: +64 21 99 88 10

Phone: +64 9 369 9700

Email: gordon[at]resortbrokers[dot]co[dot]nz

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Mount Maunganui Management Rights

Resort Brokers is selling (business only) one of the premier management rights in Mount Maunganui. Strong letting pool numbers coupled with desirable City Council zoning will appeal to the new owners.

This stunning, quality property is supremely located and only a "stones-throw" away from the white sands of the beautiful Mount Maunganui beach.

This eye catching complex has fantastic street appeal and has guests returning in their "droves" paying very commanding tariffs - and why wouldn't they? Guests get to enjoy the well appointed, sizeable apartments, seaviews and supreme location.

THE LIFESTYLE

Mount Maunganui is known for its beaches, weather, cafes, restaurants and shopping. Already a booming town with tourism statistics trends going in the right direction with no signs of slowing - the Mount is the place to settle, relocate to enjoy the incredible lifestyle on offer.

WHAT IS FOR SALE & THE INCOME

This management rights (business only) sale is one of the very best in Mount Maunganui.

This is a very well marketed business and has systems, procedures and processes in place that will ensure a smooth transition for its new owners. This business produces a very substantial net profit - I can tell you that returns such as this are seldom seen.

 

 

Potential buyers should review an Australian summary of management rights by clicking on the reference below which is a historic and dated document but sets out the salient issues around management right ownership and operation. Much of the content is relevant to the New Zealand situation:

http://www.resortbrokers.co.nz/industry-information/research-and-reports/?researchid=153

There have been recent legal decisions with regards to the status of some of the provisions commonly found in management rights contracts in New Zealand. We recommend that all potential buyers of Management Rights seek legal advice.

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Wayne Keene

Wayne Keene

Director | BOP, Coromandel, Auckland CBD

M: +64 21 666 991

wayne[at]resortbrokers[dot]co[dot]nz

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