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Property Ref: 20783
Auckland Management Rights for Sale, Waiheke Island World-Class Beachfront Location
Live the Lifestyle Whilst Generating Handsome Profits!
- 8,6 booking.com rated property
- 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 14 apartments in the rental pool – 2 one bedroom, 9 two bedroom and 3 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 website thesandswaiheke.co. nz
- 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
At 19 km long, Waiheke is the second largest island in the Hauraki Gulf, and boasts 83 miles of sparkling coastline and emerald waters. Just a 35-minute ferry ride from Auckland, Waiheke is also the most populated and most accessible of the Hauraki Gulf Islands. Waiheke has a diverse landscape, and is home to historic reserves, working farmland and bustling villages.
With hot, dry summers and stony soils, Waiheke is a perfect growing ground for a variety of grapes. Boutique wineries produce high-quality wines, including cabernet sauvignon, merlot, malbec, cabernet franc and more recently, chardonnay. Waiheke’s vineyards, wineries and olive groves are spread across the island, and many offer tasting sessions for the many visitors www.waiheke.aucklandnz.com
DISCLAIMER: Any interest in this property and business should be registered with the business brokers. Contents of this web site do not form part of a contract. While care has been taken in the preparation no responsibility is accepted for the accuracy of the whole or any part and interested persons are advised to make their own enquiries and satisfy themselves in all respects
Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.
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Confidential-The Sands Building Managers Contract
Confidential-Variation to Managers' Contract 01-09-2020
Confidential-Summary of Results to 31-08-20
Confidential-Chattels List as at Feb 2020
Confidential Body Corp Fees
Confidential Sample Rent Agreement
Property TypeManagement Rights
Sale TypeManagement Rights
Physical Address141-145 The Strand, Onetangi Beach, Waiheke Island
PriceMANAGEMENT RIGHTS FOR SALE, asking $380,000 +GST (If any)
Tom CrawfordTourism, Hospitality & Leisure Business Broker
Northland, Auckland & Coromandel
International: +64 21 278 9200
NZ Mobile: 021 278 9200