Belvedere Apartments

  • Asking price: $1,375,000
  • Listed: Tue 14 Nov, 11:22 am
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Listing #: 1467084087
Location: Wanaka, Otago
Management Rights and associated Real Estate for Sale

Reasons to buy
Includes apartment and reception
Established Wanaka business with enviable reputation
Otago lifestyle
Small and manageable complex in quiet location

Wannabe in Wanaka?
If living in wonderful Wanaka is important or just appealing to you, then look no further.

Opportunities like this do not last long on the market so enquire now to find out more information.

Here we have a small manageable operation which includes Management Rights and the real estate of a managers apartment, reception and a separate two bedroom apartment in the letting pool.

Wanaka is truly on the map and there is no secret that this is highly desirable for international and domestic visitors alike. With Queenstown international airport ever expanding all this translates into excellent occupancy and room rates for letting pool for investors and your business.

This business can be easily managed and adding more apartments to the letting pool is entirely up to you.

Call me to talk about the upside to this business.

Potential buyers should review an Australian summary of management rights by clicking on the reference below which is a historic and dated document but sets out the salient issues around management right ownership and operation. Much of the content is relevant to the New Zealand situation:

There have been recent legal decisions with regards to the status of some of the provisions commonly found in management rights contracts in New Zealand. We recommend that all potential buyers of Management Rights seek legal advice.

Agency reference #: 1665

Advertiser's details

Simon Haslett
  •  (021) 442083
Resort Brokers Ltd
(09) 3699708

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Expires: Mon 29 Jan, 8:38 am
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