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Belvedere Apartments Wanaka

$950,000

Management Rights Otago

ID: 1665

Belvedere Apartments

Property Name:
Belvedere Apartments Wanaka
Address:
29 Warren Street, Wanaka
Property Type:
Management Rights
Sale Type:
Management Rights
Price:
$950,000 
Region:
Otago
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Simon Haslett

Simon Haslett

Broker | Queenstown District, Wanaka, Cromwell

M: +64 21 442 083

simon[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • Includes apartment and reception
  • Established Wanaka business with enviable reputation
  • Otago lifestyle
  • Small and manageable complex in quiet location

Simon Haslett

Broker | Queenstown District, Wanaka, Cromwell

Contact Agent

Simon Haslett

Mob: +64 21 442 083

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

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Wannabe in Wanaka?

If living in wonderful Wanaka is important or just appealing to you, then look no further.

Opportunities like this do not last long on the market so enquire now to find out more information.

Here we have a small manageable operation which includes Management Rights and the real estate of a managers apartment and reception.

Wanaka is truly on the map and there is no secret that this is highly desirable for international and domestic visitors alike. With Queenstown international airport ever expanding all this translates into excellent occupancy and room rates for letting pool for investors and your business.

This business can be easily managed and adding more apartments to the letting pool is entirely up to you.

Call me to talk about the upside to this business.

Note for sale is the management rights business, managers apartment and reception.  Apartment 101 is not included in the sale.

 

 

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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Simon Haslett

Simon Haslett

Broker | Queenstown District, Wanaka, Cromwell

M: +64 21 442 083

simon[at]resortbrokers[dot]co[dot]nz

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