Beachpoint Resort, Ohope Beach, Bay of Plenty

Property Name: Beachpoint Resort
Address: 5 West End Rd, whakatane
Property Type: Management Rights
Sale Type: Management Rights
Price: $1,150,000
Region: Bay of Plenty

Configuration

This property consists of 42 one and two bedroom luxury beachfront apartments.

Owners Accommodation

This is a spacious 2 bedroom apartment with modern kitchen, ensuite and super sized all day sunny deck.  It includes private access to the office area.

The owner's title includes 2 offices, 2 car parks and a laundry.

Features

With pouhutakawa behind and white sand in front, this is the quintessential New Zealand beach resort. Ohope Beach is one of the most popular Bay of Plenty beaches, with a long, safe, beach opposite the complex. Spectacular surf at renown West End is just 500m down the beach. Ohope has many designated bush walking tracks or walk along the sandy beaches for miles. Fishing off the beach, rocky headland or deep sea fishing is always exciting. A short drive over the Ohope hill and you will find your self in busy Whakatane township.

Beachpoint Resort boasts sunny and spacious 1 & 2 bedroom apartments - all with spectacular views of Ohope Beach and the ocean.  Facilities include a gymnasium and swimming pool within the complex.  The resort is located just 3 minutes walk to the village shops and cafes, and is 1 minute from the sand and sea!

Lease

The management agreement is for a term of 3 x 10 years.  The management agreement and Body Corporate rules are available to view via the downloads panel.  Please contact the broker for the password.

Financials

Financial information will be available to download soon.  In the meantime, please contact the broker for details.

For more details about this opportunity, please contact John Ferguson on 021 546 430, john@resortbrokers.co.nz.

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/research-and-reports/58/

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.

Downloads

Confidentiality Agreement New Beachpoint.pdf (144.85 KB)

Beachpoint Summary Provided by Vendor.pdf (210.32 KB)

Beachpoint Management Agreement.pdf (1.04 MB)

Beachpoint Body Corporate Rules.pdf (1.23 MB)

Beachpoint Financials FY0809.pdf (89.34 KB)

Beachpoint Financials FY0607.pdf (129.06 KB)

Beachpoint Floor Plan.pdf (91.71 KB)

Beachpoint Rates.pdf (66.35 KB)

Financial YE11.pdf (302.42 KB)