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Property Ref: 19470
Rare Auckland Apartment Management Rights for Sale
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.
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Inspections strictly by appointment. Contact the brokers to arrange a time.
Full Listing Information for this Tourism Business will be disclosed to registered, approved Potential Purchasers.
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Financials 01 April 18 to 31 March 19
Financials -01 April 19 to 31 March 2020 Draft Accounts
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 TypeManagement Rights
Sale TypeManagement Rights
Price$910,000 plus GST (If any)
Tom CrawfordTourism, Hospitality & Leisure Business Broker
Northland, Auckland & Coromandel
International: +64 21 278 9200
NZ Mobile: 021 278 9200