Excellent Business Excellent Location - Priced to Sell

The Atlas Suites & Apartments Management Rights business is for sale in Mount Maunganui.  A Management Rights business set up to provide the owners with excellent opportunities to further enrich a business which is growing year on year. 

The Atlas Suites & Apartments was completed in 2005, with a modern styled building, which includes a central atrium garden. Situated in the heart of Mount Maunganui and just 2 minutes walk to the famous Mount beaches, their busy cafes and restaurants and yet in a favoured quiet location. The building has a very good record of low level maintenance.  

There are 34 Apartments in the complex with 26 of them currently in the letting pool. The unique advantage for the owners is the resource consent stipulates that 21 Apartments must be in the letting pool on a permanent basis. There is secure underground car parking with a entrance direct to the reception, excellent for guests to stay dry if raining while unloading.

The Apartments in the Letting Pool have the following configuration:-

4 x Studios

1 x 1 Bedroom Apartments

17 x 2 Bedroom Apartments

4 x 3 Bedroom Apartments

The Manager's accommodation:-

Manager's Freehold Apartment 
This apartment is located on the first floor and to the rear of the property with the advantage of having a favourable view towards Mount Drury. This is a 1 bedroom, I bathroom, open plan modern lounge, laundry and kitchen area opening onto a large sunny deck on two sides. There is one car parking space allocated to this Apartment

Freehold Apartment ( with interconnecting doors)

Situated next door to the Manager’s Apartment with 1 bedroom, 1 bathroom and a open plan modern lounge, laundry and kitchenette. There is one car parking space with this Apartment.

Management Rights:- Business

·         Exclusive use of Office and Reception.

·         Large reception area for “Meet & Greet” with polished floors and Sofas

 

·         Chattels

·         Exclusive Rental Rights - currently 26 Apartments in the letting pool. 21 Apartments are permanently in the letting pool by Resource Consent.

·         The web site www.atlasatthemount.co.nz

·           20 year Management Agreement to 2025. From the anniversary date of 3 November 2005.

·         All 35 Apartments are fitted with luxury furnishings, laundry facilities, fully fitted kitchens and TV’s.

The current owners have continued with the success of this popular property and it is only due to personal reasons why this business is currently for Sale.

The new owners will have a unique opportunity to continue with the exciting momentum. There are opportunities to open up new business streams to further grow and develop the business.

This is a true lifestyle opportunity as there is still plenty of time for beach walking, surfing, swimming, fishing and golf which are found close by. 

Call Tom Duncan on +64 (0)7 552 5811 today to arrange a Viewing.