Ad ID: 102993
Apartment Accommodation Business for Sale Kaikoura
Beat Covid - Trading Superbly
Management Rights $590,000 + Managers Residence $700,000 (plus GST if any)
Business for Sale Description
Apartment Accommodation Business for Sale KaikouraCoffeys is proud to present to the market this very profitable Managements Rights business in an area that is a must for New Zealand holiday makers. The property is currently under Management until 2022 and our vendor will discuss all options with purchasers.
Covid has brought to the fore some of the advantages of operating by way of Management Rights, most importantly the need to pay rent which has been the major issue for many motel lease operators. This system only requires payment directly from income so, no income, means no payment.
Kaikoura is one of the most breathtaking locations in New Zealand for an accommodation business. This property offers executive style apartments comprising of 10 luxury two-bedroom apartments and 2 studio units under long term management contracts.
These dual key apartments can be let as 2-bedroom or 1-bedroom and studio rooms allowing a possible 22 units for the letting pool. Situated right next to Kaikoura Golf Club, beach across the road and less than 5 mins drive from Kaikoura township. This is an ideal option for couples and families wanting a relaxing Kaikoura holiday retreat or those en-route between Picton, Nelson, Marlborough and Christchurch on their South Island tours.
The freehold investment in the manager\'s 4-bedroom modern architectural home, which includes the reception and laundry room, a lovely sunny outdoor area with pergola and boxed vegetable gardens, is also included in the sale price.
We see this is a rare South Island 4.5 Star Management Rights opportunity with freehold investment included. Easy to operate being mainly web based and wholesale bookings, allowing further lifestyle choices.
Some details of this listing are confidential and can only be disclosed upon completion of a confidentiality agreement, included in the Information Memorandum available on our website.
We would welcome your enquiry on this Management Rights Complex for sale in Kaikoura via our website or by phoning INKY STOVE on 0800 263339, DDI 03 550 0471 or 021 182 6940.