Management Rights Business for Sale in Wellington City
| Asking: |
$12,100,000 |
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| Turnover: |
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| Type: |
Accommodation |
| Location: |
Wellington City |
| Send Yourself to Wellington. Management Rights Business for Sale. Long Secure Leases, Great Returns & Growing. $1,210,000 |
| Business
Description: |
| Situated in the Wellington CBD, a high earning business managing approximately 60 apartments at present. Walking distance to Te Papa, The Beehive, Queens Wharf, Lambton Quay, Wellington Stadium (The Cake Tin), Courtenay Place and the Botanical Gardens.
This is an established business in the accommodation industry serving the corporate and leisure markets equally well. The apartments are spacious enough for a family with the advantage of full cooking facilities in every apartment, making this accommodation an ideal alternative to hotels and outer area motels. For the corporate guest, the city is at your doorstep and because the accommodation is apartment style, they are suitable for business meetings.
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| Business
Resources: |
| Being part of an international brand, the referral network actively promotes the property providing a good measure of occupancy and marketing. Currently employing a manager, the opportunity is there for an owner operator to come in really drive the business to even greater levels of revenue and profitability. Currently with approximately 60 apartments in the letting pool, there is ample opportunity to grow the size of the business with many other apartments potentially available in the future. The business structure is a combination of lease and management rights structures, providing an excellent set up for the operator. |
| Contact: |
| Kelvyn Coffey from Coffeys Tourism Property Brokers Ltd (Licensed Agent REAA 2008) on 03 550 0459 or 027 432 0565, any time, or email info@coffeys.co.nz
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| Listing ID: 19463
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| Listing URL: |
| www.nzbizbuysell.co.nz/19463
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