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Point Ridge

$2,100,000

Management Rights Auckland

ID: 1663

Point Ridge

Property Name:
Point Ridge
Address:
1 Venetto Ave, Auckland
Property Type:
Management Rights with Real Estate
Sale Type:
Management Rights
Price:
$2,100,000 
Region:
Auckland
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Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

M: +64 22 0515 782

kamal[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • Lifestyle and income
  • Easy to manage
  • Option to sell real estate component later on

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

Contact Agent

Kamal Sharma

Mob: +64 22 0515 782

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

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Management Rights and Real Estate

Management Rights $800,000 and Real Estate $1,300,000

An upmarket gated complex comprising of 177 Stand alone villas & apartments.

This complex is situated over 5 hectares of beautiful tropical-style grounds. The architecture is inspired by Italy’s century-old hillside towns and is carried on throughout the complex.

Featuring a hotel style swimming pool and additional lap pool and spa, this property also boasts a community recreation room, tropical style grounds, gymnasium, community pavilion and BBQ areas.

Over 20% return on investment for the Management Rights option alone and substantially good return on the Real estate as well.

Full training provided by the Vendor.

Current Vendor has been running this for almost 8 years and it is now time to join family in Australia.

All site inspections strictly during weekdays only - 24 hours notice period required.

 

 

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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Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

M: +64 22 0515 782

kamal[at]resortbrokers[dot]co[dot]nz

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