Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Commercial Property For Sale. Freehold-management Rights-letting At The Beach

LISTING DETAILS
Firms For Sale ID:
31060
Vendor reference:
13569
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$1,350,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Step straight outside your door and onto one of NZâ??s favourite Mount Maunganui beaches, wander round the corner to the street lined with cafes and restaurantsâ?¦.. Own these management rights and this life is yours! Sun Surf and Lifestyle.

This apartment accommodation business is situated in a prime position, at the foot of the Mount, a stone throw away from Pilot bay and a 5 min walk to the surf beach or downtown Mount Maunganui. It is in the heart of one of New Zealand most popular beach resorts.

There are 29 units in the complex with a minimum of 17 in the letting pool which extends to approx 20 over the summer. The complex offers a range of facilities including a shared gymnasium and swimming pool, BBQ area, covered parking, wireless internet etc.

The Management rights commenced January 2009 with two 10 x 10 renewal periods. Final expiry date 2029.

Within the price of these management rights, includes a freehold apartment, with a GV of $406,000. This apartment is one bedroom, open plan kitchen, office and car parking. The chattels and fit out are of high quality.

Purchase this business and enjoy living in your own luxury apartment in the relaxed atmosphere that Mount Maunganui beach has to offer.

The Price listed includes both apartments. If required you can purchaser the main Management Apartment with the Business Only for the lesser price of $850,000. \t\t\t
Price is plus GST (if any).