Atlas Suites & Apartments are For Sale in Mount Maunganui

The Atlas Suites & Apartments Management Rights business is for sale in Mount Maunganui.  A Management Rights business set up to provide the owners with excellent opportunities to further enrich a business which is growing year on year.  

The Atlas Suites & Apartments was completed in 2005, with a modern styled building, which includes a central atrium garden. Situated in the heart of Mount Maunganui and just 2 minutes walk to the famous Mount beaches, their busy cafes and restaurants and yet in a favoured quiet location. The building has a very good record of low level maintenance.   

There are 34 Apartments in the complex with 26 of them currently in the letting pool. The unique advantage for the owners is the resource consent stipulates that 21 Apartments must be in the letting pool on a permanent basis. There is secure underground car parking with a entrance direct to the reception, excellent for guests to stay dry if raining while unloading.

The Apartments in the Letting Pool have the following configuration:- 

4 x Studios

1 x 1 Bedroom Apartments

17 x 2 Bedroom Apartments

4 x 3 Bedroom Apartments 

The Manager's accommodation:-

Manager's Freehold Apartment 
This apartment is located on the first floor and to the rear of the property with the advantage of having a favourable view towards Mount Drury. This is a 1 bedroom, I bathroom, open plan modern lounge, laundry and kitchen area opening onto a large sunny deck on two sides. There is one car parking space allocated to this Apartment

Freehold Apartment ( with interconnecting doors)

Situated next door to the Manager’s Apartment with 1 bedroom, 1 bathroom and a open plan modern lounge, laundry and kitchenette. There is one car parking space with this Apartment.

Management Rights:- Business

·         Exclusive use of Office and Reception.

·         Large reception area for “Meet & Greet” with polished floors and Sofas

·         Chattels

·         Exclusive Rental Rights - currently 26 Apartments in the letting pool. 21 Apartments are permanently in the letting pool by Resource Consent.

·         The web site www.atlasatthemount.co.nz

·           20 year Management Agreement to 2025. From the anniversary date of 3 November 2005.

·         All 35 Apartments are fitted with luxury furnishings, laundry facilities, fully fitted kitchens and TV’s. 

The current owners have continued with the success of this popular property and it is only due to personal reasons why this business is currently for Sale. 

The new owners will have a unique opportunity to continue with the exciting momentum. There are opportunities to open up new business streams to further grow and develop 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 found close by. 

Call Tom Duncan on +64 (0)7 552 5811 today to arrange a Viewing.

Mount Maunganui is regarded as a coastal resort town, although Port of Tauranga, a major facility, is also partly located on the western (harbour) side. It is also well-known for the quality of its excellent surfing conditions. The harbour bridge was opened in 1988,  linking Mount Maunganui with Tauranga. The construction of a duplication bridge was completed in December 2009, forming a vital link in Tauranga and Mount Maunganui's growing motorway system.

The conical headland which gives the town its name is 232 metres in height, and dominates the mostly flat surrounding countryside. It was formerly a Maori pa, and the remains of trenches can be seen in the ridges, as well as ancient shell middens. Today, it is open to the public year round, and is a popular place to either walk around, or climb up. From the summit, a good stretch of coastline can be seen in either direction, as well as the Kaimai Ranges to the west.

Mount Maunganui also features the popular Bayfair shopping centre. The centre is one of the largest in the North Island outside Auckland and Wellington. It features a large Farmers, Kmart, Countdown, Woolworths, plus over 80 specialty stores and a food court all situated on 1 level.