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John Perrett |
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Holiday Apartment Management Rights
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"Surfers Paradise Queensland Australia" - Ref: 232
Managers Unit and Management Rights
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Will trade for a residential property in NZ
Kiwis Returning Home.
Situated just 100 metres from patrolled beach.
Net Profit Approx $63,000
Managers Unit $410,000
Management Rights Business $217,000
Purchase Value $627,000
18 Units in total.
All Units are 2 bedrooms with 2 Bathrooms; ground floor units have exclusive use courtyards and upper floors with balconies. Some have Water Views. All Units have laundries, excellent modern Kitchens and spacious living areas and would relate to at least 3.5 star holiday accommodation with most (recently renovated) possibly equating even to 4 star standard.
The Managers Unit is located ground floor at the front and overlooks the Pool. A recent sale at the rear of the building at $410,000, one ground floor currently being offered at $425,000 and not considered to be renovated as well as Managers Unit suggest the Managers Unit is keenly priced at $410K. It has a new kitchen, white tiled floors, excellent Bathrooms.
Of the 18 Units, 11 are in the letting pool (4 permanent and 7 holiday), there are 7 owner occupiers, no outside agents and the 18th Unit of course is the Managers Unit. There is a 12th Unit in the letting pool which is in the adjoining Complex. This is a permanent rental.
The current Managers have owned the Management Rights and enjoyed this lifestyle business now for over ten years. |
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Management Rights - Mount Maunganui - Ref: 231
PURCHASE VALUE: $974,000
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The complex has sixty apartments in total.
At the time of writing this profile there are 42 apartments in the letting pool being:
1 x Three Bedroom Apartment
2 x One Bedroom Apartments
1 Studio apartment
38 x two bedroom apartments
FACILITIES OFFERED:
Facilities include an in ground swimming pool, spa, exercise gym, first rate sauna, private barbecue area, secure car parking and elevator access to all floors.
There is guest private access way to the main mount beach.
FINANCIAL DETAILS:
Net profit: Approx $ 250,000
Full financial information will be available at time of viewing the complex. |
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Management Rights Rotorua - Ref: 222
$650,000
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This management rights offers a prudent investor an awesome home and income business and a lifestyle that most can only dream of.
The management contract with the body corporate offers tenure for 30 years.
• 64 Modern three bedroom townhouses located in a tranquil setting in Rotorua.
• 57 of the townhouses are in the letting pool and the letting has been traditionally long term. (Not short term holiday letting)
• Manager’s accommodation supplied and paid for by the body corporate.
• A popular complex with a record of long term tenancy.
• The Complex was completed in 2006
• Manager enjoys income from the contract, property, garden maintenance and the letting fees.
• No capital outlay required for the purchase of a managers unit |
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Management Rights. Taupo - Ref:201
Asking Value $1.7 million
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SUPERIOR 4.5 star & STANDARD 3 star Serviced Apartments.
Position is fifty metres from the lake front, one kilometer south of the main shopping precinct.
The property consists of 16 Superior 4.5 Star rated 2 and 3 bedroom apartments, suitable for short and long term stays and 16 comfortable refurbished smaller STANDARD studio, 1, 2 and 3 bedroom apartments.
All apartments are serviced daily and offer security and quietness.
OWNERS ACCOMMODATION
The owner’s residence is a spacious luxury three-bedroom apartment. The master bedroom has a walk in ensuite.
At the front of the owners residence is the main office area. This is also owned by the manager and is incorporated into the title of the owner’s residence. The property also includes a single garage as well as a huge storage area. |
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Management Rights - Mount Maunganui - Ref:200
Asking Value $1,485,000
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Beach Front Luxury Living.
Guests love the relaxed atmosphere of their apartment located in one of the finest waterfront locations in New Zealand.
The manager’s apartment is a very spacious two-bedroom apartment with two bathrooms. Enjoy quality living and be able to relax with a coffee or wine in your private outdoor courtyard.
The complex has 16 apartments including the managers.
All 15 individually owned apartments are in the letting pool.
The make up of apartments within the letting pool are as follows
• Four 2 bedroom apartments with 1 bathroom
• Three 2 bedroom apartments with 2 bathrooms
• Seven 3 bedroom Apartments with 2 bathrooms
Secure basement car parking is provided.
Resource consent for this property restricts people from permanent living within the apartments other than the managers.
This is a huge benefit for the security of the letting business. |
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Beachpoint Resort Management Rights.
Ohope Beach. - Ref:189
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Value of Management Rights
Two bedroom apartment & 2 car parks.
Front and rear reception offices & laundry. $710,000
(Value shown for real estate is Government Valuation)
Chattels (incl. stock in trade) $ 10,000
Business Value (Selling under 4 times the Net Profit) $430,000
Total asking value $1,150,000
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. |
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MANAGEMENT RIGHTS - Ref: 141
WHANGAMATA
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MANAGEMENT RIGHTS $ 205,000
2 BEDROOM APARTMENT, OFFICE & CARPARK $ 355,000
TOTAL ASKING VALUE $560,000
APPROX AGE
The complex opened for business in December 1999.
NUMBER OF UNITS
The complex has 26 apartments including the owners unit.
This is made up of 12x 3 bedroom units and 14x 2 bedroom
units.
Each apartment has an allocated secure parking space.
All apartments are comfortably furnished.
The complex also has a large swimming pool & spa
pool.
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