Atlas Suites and Apartments

Configuration :
The complex consists of 34 apartments with 26 in the letting pool. Council resource consent requires that 21 apartments to be available for holiday letting at all times therefore they cannot be lived in on a permanent basis. This ensures that 21 apartments remain in the letting pool.

Modern self contained studio, one, two and three bedroom apartments comprising of:

4 x studio, 1 x 1 bedroom, 17 x 2 bedroom and 4 x 3 bedrooms.


Owner's Accommodation:
Included in the sale is an attractive one bedroom apartment with an adjoining studio apartment, effectively making a 2 bedroom apartment or if not required the opportunity to rent out the studio.
The residence has the benefit of a large deck that surrounds the living/dining area and master bedroom all of which are serviced by 3 sliding doors.

The apartment enjoys significant sun throughout the day.

Features:
This lovely property is located right in the heart of Mount Maunganui, just 2 minutes walk to the shops. Pilot Bay and the world renowned Mt Maunganui Beach.

There is a large lounging reception area with stunning polished concrete floor, sofas and floor rugs. Access to the apartments is by stairs or a glass lift. There is also plenty of secure parking in the basement.

This business has undergone steady growth from when it first opened and already there has been a substantial increase in the net profit since April to July this year.

The current vendors enjoy an exceptional net profit yet manage to enjoy all the benefits of owning a management rights business. There has been plenty of time for golf, walking and weekends away on their motorcycle.

Being sold are the following entities:
* Management Rights

* Managers Apartment - one bedroom & carpark

* Adjoining Apartment - Studio & carpark.

Financials:
Financial information is available after the signing of a confidentiality agreement, which can be obtained from the Agent.

For further information about this opportunity please contact Ray Hart on 021 33 54 88 or email ray@resortbrokers.co.nz