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Property Ref: 19470

Rare Auckland Apartment Management Rights for Sale

Property Type: Management Rights

Sale Type: Management Rights

Region: Auckland

Physical Address: Auckland

Price: $910,000 plus GST (If any)

Broker: Tom Crawford

Mobile: +64 21 278 9200

Email: tom.crawford@tourismproperties.com

This well managed and established management rights business is up for sale along with one apartment. Set in a prime location in a quiet part of Newmarket, close to Auckland Hospital, the Museum, Mt Eden, the Newmarket Shopping district, and with excellent public transport connections, this business ticks all the boxes.

What you are buying:

Management contracts on 12 apartments which are a mix of garden level with private courtyards or studio apartments with generous balconies and views. All apartments are fully furnished complete with private kitchens and bathrooms with showers, heat pumps, smart TVs, commercial wifi and off street parking.

Long term lease on tidy 3 bedroom garden apartment plus separate office.

A one bedroom unit title upstairs 40m2 apartment with 10m2 balcony which can be lived in or used as short term accommodation plus car park

Building management contract renewed annually.

Extensive wifi infrastructure which generates ongoing revenue for the owner.

Currently reception is open 5 days Monday to Friday with opportunity for further income if open in the weekends

Consented for both short term accommodation and residential.

Rated 8.4 on Booking .com and 4 stars on Trip Adviser. Significant repeat customer base and high occupancy.

Register on-line for access to the financial and management information.

Inspections strictly by appointment. Contact the brokers to arrange a time.

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Business Information

Financials 01 April 18 to 31 March 19

Financials -01 April 19 to 31 March 2020 Draft Accounts

Chattels

Status Apartment Leases as at June 2020

Building Management Agreement

Sample Letting Agreement

Pre-contract disclosure statement

Inventory apartment 302

Inventory apartment 110 Managers Apartment

Title Apartment 302

Property Details

Property Type

Management Rights

Sale Type

Management Rights

Region

Auckland

Physical Address

Auckland

Price

$910,000 plus GST (If any)

Contact Agents

Tow Crawford Business Broker

Tom Crawford

Tourism, Hospitality & Leisure Business Broker
Northland, Auckland & Coromandel
International: +64 21 278 9200
NZ Mobile: 021 278 9200

Email: tom.crawford@tourismproperties.com

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Carolynn Crawford - Business Broker

Carolynn Crawford

Tourism, Hospitality & Leisure Business Broker
Northland, Auckland & Coromandel
International: +64 21 247 8716
NZ Mobile: 021 247 8716

Email: carolynn.crawford@tourismproperties.com

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