Listing #:1324209708


Location: Thames-Cor­omandel, Waikato
It’s a commonly held belief that location and quality is everything, and this holiday accommodation complex certainly lives up to such a statement, plus makes a very good income.

Located across from the water in Whitianga on the Coromandel Peninsula, the management rights for this very successful complex being sold includes the business AND 2 APARTMENTS (1 on its own title). With a total of 18 apartments (a mix of 1, 2 & 3 bedrooms) in the letting pool makes for a very profitable business that’s still growing. Unlike a motel, each apartment is large, self-contained with its own kitchen, laundry, private deck some with water views, Sky TV 50 + channels, DVD player, Wi-Fi and undercover car parking. As an added attraction the swimming pool (heated in summer), hot tub and BBQ are always very popular. No leaky building issues either as the building was re-clad and a new Code of Compliance issued 2014.

Included in the sale:
• Management Rights: 10 + 10 + 10 years with a final expiry 2039
• Managers 1 bedroom freehold apartment
• 2 bedroom fully furnished apartment separate to management right on its own freehold title

Whitianga is about 2 ½ hours from Auckland, Tauranga and Hamilton that's home to approximately 5,000 permanent residents, but from about October to May thousands of holiday makers come for the beaches, Hot Water Beach, Cathedral Cove, fishing, diving, biking and walking tracks, along with the many other attractions on the Peninsula.

The number of events (scallop festival, Rod Millan’s leadfoot hill climb, concerts, Targa rally) being hosted in the town is increasing, and with organizers planning more this complex will certainly benefit.

If you’re considering the growing tourist (national and international visitors) accommodation industry and would like to invest in a business that’s well supported by strong financials plus 2 apartments please contact Darcy Snowden, firstly for a confidentiality agreement then an information memorandum.
Asking price: $1,345,000
Listed: Sat 13 May, 11:00 am
Darcy Snowden
Christopher Brown & Associates LTD
  • Contact details
  •  (021) 941511
  •  (021) 941511


Advertiser's details

Darcy Snowden
  •  (021) 941511
  •  (021) 941511
Christopher Brown & Associates LTD

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Expires: Fri 28 Dec, 9:20 am
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