Raumati Sands Resort, Kapiti Coast

Property Name: Raumati Sands Resort
Address: 4-8 Matatua Road, Raumati Beach
Property Type: Management Rights
Sale Type: Management Rights
Price: $920,000
Region: Wellington

Features

Picture yourself living here! Positioned in the heart of the Raumati Beach community, the resort provides a unique offering of both size and standard on the Kapiti Coast.  

This high growth region demands a wide range of accommodation requirements covering the corporate, tourism, event and weekend escape segments. On the doorstep of Raumati Beach the Sands, while benefiting from all core accommodation, additionally enjoys substantial support during peak holiday periods.   

The quality and fully equipped nature of the units is also of definite appeal to longer term stays with outdoor balcony and patio areas affording views over the central pool, spa and barbecue facility. With a beach resort theme that has been clearly reflected in the complex design, prime growth locality and beach proximity, Raumati Sands is well positioned to meet both current and future accommodation requirements in the locality.  

Major local developments within the region should ensure sustained and continued growth within both the short and medium term.

With the purchase price encompassing both the business and owner accommodation any prospective purchaser can take comfort in the security of ‘bricks and mortar’ ownership.  

Highly recommended viewing as this is as close it gets to ‘lifestyle’ living in the accommodation sector.  

Number of Rooms

21

Age

Approx 5.5 years (as at Nov 09).

Configuration

21x fully equipped and spacious 2 bedroom apartments.

Owner’s Accommodation

This thoughtfully designed multi level dwelling consists of both owner accommodation and supporting complex facilities.   The lower level configuration includes a large and welcoming guest reception area. 

Positioned adjacent to the main entrance, and taking advantage of the overall street appeal of the complex, the reception area reflects the facility quality during initial client contact. Supporting areas for breakfast preparation and linen/laundry facilities are located to the rear of the reception area. 

Quality chattels complement the spacious areas with excellent shelving and storage.  Internal access ways to the owner accommodation, central pool area and garage complete the lower level configuration.

Offering a well equipped open plan kitchen and dining area, separate lounge with balcony, bathroom and multiple double bedrooms, the owner accommodation is modern, comfortable and private.  The lounge and balcony are well positioned for afternoon sun with an added bonus of some sea views.  

Management Details

10 year initial term + 2x 10 Year ROR with all 21 units allocated for letting. 

Financials

Available upon request to interested parties upon the signing of a Confidentiality Deed.

Contact

For further information, please contact Brent Hannah on 021 359 678, brent@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 Raumati.pdf (144.88 KB)

Body Corp Remuneration Split.pdf (25.86 KB)

Building Mgmt Agreement.pdf (292.12 KB)

Deed of Lease.pdf (243.75 KB)

Draft Chattels List Updated.pdf (17.77 KB)

Maintenance Activities.pdf (71.79 KB)

Occupancy Charts.pdf (500.55 KB)

Top 100 Clients.pdf (57.98 KB)

Callista Transaction Summary.pdf (1.25 MB)

Income Charts.pdf (365.26 KB)

Occupancy And Turnover Notes.pdf (53.68 KB)