Ad ID: 41794
Property Investment for Sale Paihia Northland
Apt 9 - Edgewater Palms - Special Revenue Pool
Business for Sale Description
Property Investment for Sale Paihia NorthlandFOR SALE: $325,000.00 + GST if any.
Apartment 9, Edgewater Palms is now available for sale for the first time in 8 years.
The apartment is being sold within the management pool, with a special rental agreement in place resulting in a fixed daily revenue, 365 days of the year (regardless of whether it is rented out by the management company).
Gross Revenue: $31,634.00 / annum
Gross Return at Asking Price: 9.7%
Body Corporate Levies
Maintenance / Room Replacements
Edgewater Palms is a 5 star accommodation complex on the waterfront in Paihia. It is a highly regarded complex by travelers both domestic and international.
Under the management agreement, owners are able to utilize their apartment at any time (for a holiday / friends, etc) however under Apt 9's unique rental agreement, the daily revenue is forgone for the days you choose to occupy it and there is a blackout period from 1 December to 31 March each year.
Edgewater Palms is a franchise partner with Ramada International - a subsidiary of Wyndham Hotel Group.
Enquire now for further information including a Body Corporate Disclosure and further financial information.
Inspections by appointment only.
Interested In This Opportunity?