Clicky

My Watchlist
09 369 9708

Chevron Motel

$906,000

Management Rights Central Plateau

ID: 1764

Chevron Motel

Property Name:
Chevron Motel
Address:
102 Tamamutu Street, Taupo
Property Type:
Management Rights with Real Estate
Sale Type:
Management Rights
Price:
$906,000 
Region:
Central Plateau
Share
Print + Watchlist View Similar Listings
Enquire Now
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

  • Affordable management rights business with associated real estate 
  • Long term Management Agreement
  • Body Corporate salary
  • Sale includes reception, managers accommodation plus other key real estate
  • Taupo is a sought-after location for tourism assets 
  • An affordable investment with real estate component

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

Contact Agents

Kamal Sharma

Mob: +64 22 0515 782

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

Download vCard

Wayne Keene

Director | Taupo and Central Auckland

Wayne Keene

Mob: +64 21 666 991

Phone: +64 9 369 9702

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

Download vCard

 

The property consists of 14 units over two levels and commands the corner site of Tamamutu and Titiraupenga Streets. The site is elevated and has a very good profile. The configuration of the rooms is very good, accommodating for both corporate and family clientele.  9 x one-bedroom units and 5 x two-bedroom units.

 

The real estate component of Flat 15 consists of 3 units.
  • 1 x studio unit on the ground floor.
  • 1 x two-bedroom unit with a large lounge and kitchen on the upper floor above the reception, access is from the reception.
  • Plus a one-bedroom unit on the upper floor.

 

The balance of the motel units is owned by 12 people who have the ability to stay at the property from time to time.

 

The Management Agreement commenced in 2010 for 20 years with a right of renewal of 20 years, final expiry is August 2050.

 

This is an excellent opportunity for an astute investor to own an accommodation business with a key real estate component.

 

 

 

 

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.

Share
Print + Watchlist View Similar Listings
Enquire Now
Kamal Sharma

Kamal Sharma

Broker | Northland-Nth Shore/West Akld

M: +64 22 0515 782

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

Confidentiality

To access information about this listing please follow the link below and complete the Confidentiality Agreement Form.

Confidentiality Agreement Form

Due Diligence Room

Click below to login to the Due Diligence room for this property.

Login

Top