Ad ID: 41794 Inactive

Property Investment for Sale Paihia Northland

Apt 9 - Edgewater Palms - Special Revenue Pool

Location:
Asking:
$325,000

Business for Sale Description

Property Investment for Sale Paihia Northland

FOR 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%

Expenses:

Rates
Body Corporate Levies
Management Commissions
Utilities
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.
Ref: 17752

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