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Property Ref: 3688

Tourism Business for Sale Coromandel

Property Type: Management Rights

Sale Type: Management Rights

Region: Coromandel

Physical Address: 8 Esplanade Whitianga

Price: $920,,000 plus GST(If any)

Broker: Tom Crawford

Mobile: +64 21 278 9200

Email: tom.crawford@tourismproperties.com

This is a profitable management rights business!

The Esplanade Apartments Whitianga is in the best location for both International and Local visitors to Coromandel. Located in the heart of Whitianga just 250 metres from the heart of the town centre. A stone’s throw from some of the best restaurants in the Coromandel.

The location is very popular with guests as is the accommodation options – one, two and three-bedroom ocean-view apartments,

In the management pool there are 18 apartments comprising one, two and three bedroom apartments. The apartments offer private balconies with choice of views of the swimming pool, the Whitianga marina and wharf or the ocean and beach!

Key features of the apartments:

•Spacious open-plan living

•Designer kitchens

•Sky TV 50+ channels and DVD player

•Private balconies with fantastic waterfront and town views

•Wi-Fi throughout the property

• Spa pool and swimming pool

•Undercover parking

What you are buying

The management rights are 10+10+10 years through to 2039

Managers’ freehold unit title unit including adjoining reception and under cover parking.

Income from Body Corp fee and from rentals and service charges. Being in a key tourist destination there is the opportunity to grow both the income and value of the business.

Contact the brokers to arrange an inspection or clarify the benefits of a management rights business

Welcome to Whitianga, the heart of Mercury Bay!
Whitianga is a place where you can do a little or a lot – the pace of life can be as busy or as calm as you choose.
An increasing popular get-a-way spot, Whitianga & the Mercury Bay region is located on the Eastern side of The Coromandel Peninsula, 208kms from Auckland.  The beautiful deep-water harbour has made Whitianga the home of the Mercury Bay Boating club and the main departure point for big game fishing enthusiasts and many other water activities. Also easy access to key visitor tourist spots including Hahei, Cathedral Cove, and Hot Water Beach?
Whitianga has been continuously occupied for more than a thousand years since Maori explorer Kupe’s tribe settled here after his visit in about 950 A.D. Now a thriving coastal town with 4,000 permanent residents Whitianga is evolving into a delightful place to visit. It fast becomes one New Zealand’s most popular North Island holiday destinations for both local and international visitors.
Whitianga hosts a number of fun and exciting events throughout the year, and offers an excellent selection of fine restaurants and cafes. The thriving retail community provides an interesting collection of outlets, and within a short drive, there are plenty of stunning beaches, scenic walks and beautiful sights waiting for you -Marine Reserve on your doorstep,  many charter boats plying the waters of Mercury Bay for fishing, diving or scenic cruising trips. The Whitianga Marina is a world class New Zealand ‘Clean Marina’ and a popular stop-off point for both local and international boat owners visiting the Coromandel Peninsula
See more at: www.whitianga.co.nz

Confidential Documents

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Financials March 18

Visitor Stats

Body Corp Rules

BC Fees

Leting Agrement

Management Agreement

Property Details

Property Type

Management Rights

Sale Type

Management Rights

Region

Coromandel

Physical Address

8 Esplanade Whitianga

Price

$920,,000 plus GST(If any)

Contact Agents

Tow Crawford Business Broker

Tom Crawford

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

Email: carolynn.crawford@tourismproperties.com

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