Live the dream. Live on one of New Zealand's nicest beaches in one of NZ's warmest climates.
This business is very secure as you own your own home which includes the freehold ownership of the front office area. You have a sound contract with the body corporate.
Consistency of income can be seen by the excellent accountants figures of historical results.
Value of Management Rights
Two bedroom apartment & 2 car parks.
Front and rear reception offices & laundry.
Chattels (incl. stock in trade)
Business Value
Total asking value $1,130,000
LOCATION:
5 West End Rd. Ohope Beach.
Ohope is Whakatane’s Beach and is located 5 km from the town centre.
APPROX AGE:
The complex opened for business in June 2004.
NUMBER OF UNITS:
The complex has 42 apartments in total including the managers.
At the time of writing this profile there are 18 apartments in the letting pool.
MANAGEMENT CONTRACT:
The management agreement gives the manager the exclusive rights to holiday letting of apartments.
The term of the agreement is for three ten year terms.
