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Hurley's of Queenstown

$3,400,000

Management Rights Otago

ID: 1775

Hurley's of Queenstown

Property Name:
Hurley's of Queenstown
Address:
1 Melbourne Street, Queenstown
Property Type:
Management Rights with Real Estate
Sale Type:
Management Rights
Price:
$3,400,000 
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

  • Central elevated location
  • 3 bedroom managers home (included)
  • Long term Management Agreement

 

 

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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Proven Queenstown High Performing Business

 

Locate yourself in the heart of the highly desirable Queenstown.

 

Own the real estate of a lovely rare 3 bedroom home with an office and huge storage for the manager or operator.

 

Enjoy the great income from these 22 units under a solid management rights contract. The units offer the market quality with also size and location giving you a competitive edge in today’s market.

 

The main road gives excellent signage opportunities and with great access and parking, your guests will love it.

 

With accommodation of this quality and reputation along with all the facilities like sauna and gym, the property has benefited from repeat business and great occupancy.

 

Queenstown remains one of the most sought after destinations in NZ and one of the fastest-growing towns. There has been enormous commercial and infrastructure investment in recent years which continues to provide wonderful business and real estate returns.

 

Come and see today and if you are quick you could enjoy the outstanding summer cashflow.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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