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Oceans Resort

$1,800,000

Management Rights Coromandel

ID: 1701

Oceans Resort

Property Name:
Oceans Resort
Address:
18 Eyre St, Whitianga
Property Type:
Management Rights with Real Estate
Sale Type:
Management Rights
Price:
$1,800,000 
Region:
Coromandel
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Gordon McGregor

Gordon McGregor

Director, | BOP, Coromandel, Auckland CBD

M: +64 21 99 88 10

gordon[at]resortbrokers[dot]co[dot]nz

Reasons to buy

  • ·         Income equivalent to a thriving accommodation business in a major city

    ·         Hard to beat work/lifestyle balance

    ·         All spacious apartments with 21 in the letting pool

    ·         Really nice two bedroom managers apartment

    ·         Ownership of the reception, conference room, carparking and laundry facility

    ·         Multiple income streams

Gordon McGregor

Director, | BOP, Coromandel, Auckland CBD

Contact Agent

Gordon McGregor

Mob: +64 21 99 88 10

Phone: +64 9 369 9700

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

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Major Whitianga accommodation business with a stunning income!

Close to the beach, shops, bars and restaurants the complex also boasts a heated swimming pool, tennis court and play areas. A gate gives guests direct access to the famous Lost Springs.

This is an opportunity to purchase a fantastic accommodation business in one of Coromandel’s hot spots. Oceans Resort is a sizeable and immaculately presented resort with the very best of facilities.

The apartment complex consists of 70 apartments with 21 apartments currently in the letting pool.

  • 3 bedroom apartments
  • 2 bedroom apartments
  • 1 bedroom apartments (keyed off)

Facilities

  • Heated swimming pool
  • Tennis Court
  • Conference centre
  • Children’s playground


Conference Facility

A stunning purpose built conference facility is one of the major features of this resort. Seeing is believing - this beautifully presented facility seats large delegate numbers (around 60), all seated in absolute comfort!! The high stud, modern appearance, indoor-outdoor flow along with a commercial kitchen makes this one of the go-to conference facilities and resort destinations in the Coromandel.

Owners Living Accommodation

A spacious two bedroom, two bathroom apartment set on two levels. This well-configured apartment with open plan kitchen/dining will ensure you will enjoy the ultimate in Coromandel lifestyle. A nice back lawn completes what is a fabulous Coromandel apartment. By the way, the owners have just replaced the carpet!

The Oceans Resort is in the heart of Coromandel’s busiest town. Only metres away from the golden sands of Buffalo beach and an equally short distance to the cafes, restaurants, ferry terminal and local 18 hole golf course.

The resort is a short traveling distance away from some of Coromandel Peninsula’s nearby iconic attractions such as Cathedral Cove and Hot Water Beach, and right next door is the world renowned and very popular Lost Spring. Tourists and locals flock to this amazing tourist attraction.

 

 


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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Gordon McGregor

Gordon McGregor

Director, | BOP, Coromandel, Auckland CBD

M: +64 21 99 88 10

gordon[at]resortbrokers[dot]co[dot]nz

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