The Residence, Lake Tekapo - Trades Welcome

Property Name: The Residence
Address: 1 Beauchamp Place, Lake Tekapo
Property Type: Management Rights
Sale Type: Management Rights
Price: $995,000 - includes the 3 bedroom owners home on Unit Title
Region: Canterbury

Understand Management Rights?  Did you know there is no lease or rent to pay?  You own your own freehold residence!!  Contact us to find out the facts! 

This is a very good business.  Tekapo has huge growth plans - do not underestimate this opportunity.

Configuration:

The Residence comprises 28 spacious apartments in a superbly landscaped setting (20 in the managemnt "pool"), centred around a heated pool, a spa pool and a paved BBQ and relaxation area with an outdoor fireplace. Each apartment features 3 large bedrooms, 2 with queen beds and the 3rd with 2 single beds; 2 ½ luxury bathrooms with heated floors; a spacious open plan living and dining area with a gas fireplace and French doors opening to a private courtyard; a fully appointed kitchen featuring granite bench tops and quality appliances; garage with internal access and full laundry.

Owners Accommodation:

This has 3 bedrooms, 3 bathrooms, office, courtyard and decks. It is north facing and also includes a double garage.  This fabulous home is included in the price and is held on Unit Title.

Proposed Tekapo Town Upgrade:

The prospects of the major upgrade of the Tekapo township is an exciting development.  Details of the proposal are in the downloads at the bottom of this text.

Features:

Set in the rugged alpine heart of the South Island’s Mackenzie Country, just a stone’s throw from the shores of a shimmering turquoise lake, nestled amid snow capped mountains, The Residence offers the perfect haven.

Each apartment is fully furnished. The warm rustic interiors harmonise with nature and provide a comforting background for warmly textured luxurious soft furnishings, leather couches and richly stained furniture. The unique design, elegant style and enviable facilities of The Residence have been masterfully conceived to maximise guests enjoyment of unspoilt Lake Tekapo.

Lease:

TBA

Financials:

awaiting financials from the accountant.

For further information please contact Marty Easton on 021 688 819, marty@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 has been recent legal precedents with regards the status of management rights in this country and we recommend that all potential buyers of management rights read the decisions by clicking on the links below:

http://www.resortbrokers.co.nz/research-and-reports/131/

http://www.resortbrokers.co.nz/research-and-reports/134/

Downloads

Confidentiality Agreement New Tekapo.pdf (144.84 KB)

Residence Unit Letting Agreement 170706.pdf (52.73 KB)

Residence Management Agreement 170706.pdf (112.52 KB)

Residence Budget Tekapo - Management Rights.pdf (24.22 KB)

The Residence Income Statements Oct 06 to Dec 07.pdf (13.43 KB)

PROPOSED DEVELOPMENT OF TEKAPO TOWN CENTRE BY COLDWATER DEVELOPMENTS RM070090.mht (154.97 KB)

Proposed Tekapo Town Upgrade.pdf (1.04 MB)