Director | BOP, Coromandel, Auckland CBD
Mob: +64 21 666 991
Phone: +64 9 369 9702
Director, | BOP, Coromandel, Auckland CBD
The Oceanside Resort & Twin Towers is ideally situated on the corner of Adams Avenue & Maunganui Road, across the road from the beach, next to all the hype & activity that this tourism mecca provides.
The Resort and Twin Towers buildings have a rather imposing outward appearance and are recognised as occupying the paramount position in the Mount in location and business performance.
The Resort offers a selection of studios, one and two bedroom suites with the towers offering superior two bedroom apartments as well as a three bedroom penthouse suite. The complex is completed on the ground level with restaurant facilities, heated pools, gymnasium, sauna and basement car parking.
The apartments maintain a high standard and the business operates a letting service for those apartment owners who have opted for investment income rather than occupying.
With 47 apartments under your control, this stunning Management Rights business offers excellent gross revenue which can be enhanced depending on your level of involvement.
36 of the apartments are located in the main Resort Building complex, which 16 studios are secured by way of a long term agreement to lease to a single investor.
That agreement is a 26 year term expiring 2042.
As part of the purchase you are acquiring the reception, a two bedroom managers apartment of approximately 150m2 (includes deck) Conference/Boardrooms, storage areas and Carparks.
This is an opportunity to secure a business that the current owners have enjoyed for 20 years.
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.
© Resort Brokers Limited, mreinz Licensed under the REAA 2008