Beachfront Upscale Management Rights Business - Mount Maunganui

Upscale Property, Ocean Views, Beachside Lifestyle, 300k Profits. Selling as the long-term managers intend to retire.

Pavilion Apartments is a Management Rights Business located on Mount Maunganui beachfront. Featuring 15, 1,2, and 3-bedroom self-contained apartments currently in the letting pool and a gorgeous FREEHOLD 2-bedroom, 2-bathroom ground-floor, owner’s apartment, this highly profitable business is unmatched within management rights businesses in the country.

Mount Maunganui is one of New Zealand’s top holiday destinations, boasting glorious beaches, walking tracks, hot water pools, surfing, fishing, kayaking, and sailing. Pavilion Apartments is located right next to a fantastic selection of shops, bars, cafes, and restaurants.

The Managers Unit | Apartment with 2 bedrooms, 2 bathrooms, open plan living, dining & kitchen with direct access to a large patio on the ground floor with fabulous ocean views.

Management Rights | Produces lucrative income and a fantastic lifestyle. The management rights owners’ income comprises holiday booking income, commissions, and building management fees.

Business Model | A significant level of repeat business allows for savings on booking commissions and longer-term stays.

Complex | Extensive recent refurbishments are complete to the exterior of the property including a full reclad, new roof, double glazing, new decks, balustrades, new lift, and full refurbishment of the lobby and foyer areas. This has brought the property up to the new building code making it an easy maintenance complex.

Fixed Income | An impressive $30,000+ Body Corporate Salary as fixed income

Term Remaining | 16 years – Expiring 2040

Price | Managers Apartment:$1,500,000, Management Rights; $1,290,000. The business and apartment must be purchased together.

This lucrative business and lifestyle opportunity will not last long! So get in touch quickly!

To arrange your private viewing, please contact our specialist Management Rights Broker, Suresh Subramaniam.

Agency reference #: 73241