Ad ID: 68651 Inactive

Management Rights for Sale Coromandel

Beautiful looking and very profitable management rights for sale located in one of New Zealand's most glorious seaside places.

Location:
Asking:
$1,800,000
+GST if any

Business for Sale Description

Management Rights for Sale Coromandel


Superior Management Rights for sale right now! Highly profitable business.

Take this opportunity to enjoy a unique change in lifestyle when you purchase the Management Rights.

There are 22 fully self-contained apartments in the letting pool – a combination of two bedrooms and two bedrooms with “sleep-out”. This could be increased as there are 70 apartments in total in the complex. All are privately owned and split level with excellent fit out and decor, balconies some with water views

The current owners have been successful in their desire to establish these management rights as a highly profitable business. This is reflected in the ratings booking.com 9.3 and TripAdvisor 4.5.

Opportunity for new management rights owners: The new owners will have a unique opportunity to continue the momentum.

There are opportunities to further grow and develop the business. In particular the conference business can be developed to increase revenue which, to date, has been relatively untapped. Excellent purpose built conference facilities. This is a standalone building and can handle up to 60 people for a cocktail party, 24 for boardroom or 35 classroom style meeting. There is a spacious fully equipped commercial kitchen. The area offers a wealth of off-site activities for conference delegates.   Deep sea fishing, snorkeling and kayaking in the marine reserve, boat rides, Cathedral Cove and world famous Hot Water Beach to name a few. Within an hour’s drive two international standard 18 hole golf courses. Being just two and a half hours drive from Auckland, Hamilton and Tauranga these are captive areas for conference business.

The complex is just 11 years old and in pristine condition and is low maintenance. Includes heated swimming pool, children’s playground and tennis courts.

Business Resources

When you buy these management rights you will be buying:

Unit Title to conference building including reception

Unit title to two bedroom two bathroom split level owners’ accommodation

Chattels

Very profitable management rights business.

The owners have developed the business over the past 6 years and now feel it is time to move on and allow someone else to benefit from their work. This is a true lifestyle opportunity with very excellent income and yet still have plenty of time for beach walking, surfing, swimming, fishing and golf.

Business Income comes from:

Monthly salary (CPI linked) for maintenance of the common areas

Letting rights to apartments in the pool, income from commissions, cleaning charges and additional services.

 An already significant and profitable accommodation business

·Guaranteed regular income

·Genuine growth potential in the conference business

Please don't delay in contacting me for comprehensive property listing details or to arrange an inspection of these stunning premises.

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