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Hurley's of Queenstown

$2,500,000

Management Rights Otago

ID: 1775

Excellent Management Rights Business

Property Name:
Hurley's of Queenstown
Address:
1 Melbourne Street, Queenstown
Property Type:
Management Rights with Real Estate
Sale Type:
Management Rights
Price:
$2,500,000 
Region:
Otago
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Simon Haslett

Simon Haslett

Broker | Queenstown District, Wanaka, Cromwell

M: +64 21 442 083

simon[dot]hasslett[at]bayleys[dot]co[dot]nz

Reasons to buy

 

 

 

Simon Haslett

Broker | Queenstown District, Wanaka, Cromwell

Contact Agent

Simon Haslett

Mob: +64 21 442 083

Email: simon[dot]hasslett[at]bayleys[dot]co[dot]nz

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Have a look at the advantages of this exceptional business in stunning Queenstown. 

 

  • No rent! 
  • No lease!
  • Income derived as a percentage of the top line sales
  • Real estate holding in Queenstown
  • Possible additional real estate investment options
  • 39 years remaining of the management agreement
  • A good configuration of different room types cornering different markets
  • Excellent room rates and occupancy
  • Quality building and facilities
  • Proven success
  • The business can support a management structure
  • Sought after Queenstown location and tourism hotspot

 

Enjoy and love Queenstown for all it has to offer? Then choose to live in wonderful Queenstown and operate this business yourself and benefit from all the proven success and excellent set up just waiting for you.

 

Or want a return on your money from a quality business in Queenstown which can capture arguably the best tourism dollar? Think about this as a managed investment where you can have a live-in manager run the business for you. 

 

What an opportunity for you, what are you waiting for? Call me today.

 

 

 

 

 

 

 

 

 

 

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[dot]hasslett[at]bayleys[dot]co[dot]nz

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