Ad ID: 98929

Management Rights Business for Sale Waiheke

Auckland Management Rights for Sale – Waiheke Island world class beachfront location

plus GST (If any)

Business for Sale Description

Management Rights Business for Sale Waiheke

Live the lifestyle whilst generating income 

• 8,6 rated property

• Profitable

• Competitive entry cost

• Great Body Corporate package

• No property investment required

• Just 60 minutes from NZ’s largest market - Auckland

The business has a salaried Body Corporate Management role which includes a lovely private unfurnished two bedroom apartment as part of the package. This thoughtfully designed single level dwelling consists of both owners’ accommodation and supporting complex facilities including car park. The owner’s accommodation is modern, comfortable and private. The lounge and outdoor are well positioned for afternoon sun with an added bonus of some sea views. Positioned adjacent to the main office entrance, it offers easy access for to check in guests. It also includes power, exclusive use of the office area, laundry and storage facilities, and apportionment of telephone expenses.

This low maintenance complex is in excellent condition and includes 32 privately owned luxury apartments consisting of Penthouses, Beachfront Villas, three, two and one bedroom apartments. The Management Rights currently has 12 apartments in the rental pool –  one bedroom, 1two bedroom and three bedroom apartments. This complex is designated by resource consent as “visitor accommodation only” and there are no permanent residents apart from the onsite Manager.

The Body Corporate attends to all exterior maintenance. This Body Corporate is well managed, with substantial maintenance funds and a regular programme of upkeep. And it shows - the presentation is second to none. Through the Manager, the Body Corporate provides for the maintenance of the common property.

This complex is situated on beautiful Onetangi Beach offering guests stunning views and easy access to a safe family friendly beach. Just a short walk from cafes, wedding and conference venue and is close to many of the Islands stunning wineries. The Sands is a firm favourite with many guests making repeat visits and corporate clientele for conferences and strategic planning meetings.

The Management Rights Agreement is for 7 years with an ‘ever green lease’. Subject to an annual performance review this is extended by a year meaning there is always a 7 year lease. The monthly Body Corporate Management role pays a salary (CPI linked) for maintenance of the common property and facilities. It also provides for the Letting rights to apartments in the pool, under agreement with individual owners generating income from commissions, cleaning charges and additional services.

An already significant and profitable accommodation business with a guaranteed regular income and multiple revenue streams with genuine growth potential

 Full details of the relevant agreements, and financial statements, will be made available to qualified enquirers completing a Confidentiality Agreement.

Management Rights includes:

•The web site

•7 year management agreement with an evergreen contract meaning always seven years to sell.

•All rental apartments are fitted with quality furnishings which include SKY Television, flat screen televisions, DVD players, ipod docks, WiFi access laundry facilities, fully fitted kitchens and sea views.

The new owners will have a unique opportunity to continue to increase the business. . This is a true lifestyle opportunity as there is still plenty of time for beach walking, surfing, swimming, fishing and golf which are all close by.

Call the brokers now for further information on this outstanding opportunity

For more info
Contact: Tom Crawford

Tom Crawford

Licensed REAA 2008

Interested In This Opportunity?

Email to a friend / myself


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