Management Rights Business for Sale in Sunny Whitianga, NZ

• Very Profitable Business
• Huge Growth Potential
• Superb Lifestyle, Too!

Oceans Resort is a leading accommodation provider in Whitianga, jewel of the Coromandel Peninsula.

Just a short stroll from Whitianga's bustling town centre and marina, and 40 metres from Buffalo Beach, Oceans Resort is a 69 unit apartment development with all resort amenities. And direct pedestrian access to The Lost Spring, one of Whitianga's key attractions!

The complex is just 5 years old and in pristine condition.

The stylish, fully equipped 2 brm apartments are all individually owned, and coordinated by a Body Corporate.

Owners maintain their own apartment interiors, furniture and furnishings. The owners understand that keeping their apartments "fresh" adds to their appeal, and therefore their rental income.

The Body Corporate attends to all exterior maintenance. This Body Corporate is reputedly one of the best, 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 - and letting of the apartments under agreements with individual owners.

We are now privileged to offer for sale the Management Rights to Oceans Resort.

The offer comprises:

• The Management Rights Agreement to 2026 including:
• annual salary for maintenance of the common property and facilities.
• additional revenue for maintenance of the grounds in private ownership
• letting rights to apartments in the pool, generating income from commissions, cleaning charges and additional services.
• Ownership by Unit Title of the main Administration Block which includes Reception, 80m2 Conference Room and well-equipped Kitchen.
• Ownership by Unit Title of 2 Auxiliary Units including 17 carparks, 2 storerooms and 2 laundries
• An extensive chattels list including everything necessary to deliver the agreed services.

What does all this add up to?

• An already significant and profitable accommodation business
• ownership and control of the key infrastructure
• guaranteed regular income
• multiple revenue streams
• genuine growth potential
• easily run by a couple, with casual cleaners.
   

Full details of the relevant agreements, and financial statements, will be made available to qualified enquirers.

Investment: $925,000 firm (+GST if any).
Sell the house and buy this business: you will not regret it!

NOTE: Unlike some Management Rights businesses, this offer does not include the purchase of an apartment.  However, the vendors' apartment, conveniently situated and equipped for the Managers' role, is available for lease or purchase by separate negotiation.

Some vendor finance may be available to approved persons.