Prime Management Rights with FREEHOLD Real Estate

$1,150,000WaikatoListing: #EL00558


Waikato  


$1,150,000


Accommodation/Motel/Hotel
Refer to Broker


About this business for sale

Prime Management Rights with FREEHOLD Real Estate

The Palm Pacific Resort & Motel is situated at the gateway to the Whangamata village; a few steps to the cafes, restaurants, shopping and schools and just 8 minutes to the fabulous beach, surfing and other water sports.

Key Features

  • It's all about lifestyle & $$$$$$
  • A unique & secure management agreement offering very factorable terms
  • The complex is extremely well presented with most of the apartments having been upgraded / renovated
  • A large and valuable real estate component to go with the business & reception on title
  • A business that is performing exceptionally well – in fact this would be one of the best in the Coromandel
  • All apartments are in the letting pool – the tourism zoning

This business offers a very impressive bottom-line and the prime location, just 2 hours from Auckland, offers a lifestyle to be envied.

The freehold component includes a 2 bed/2 bath apartment, a large double garage and large strategic auxiliary unit that may offer the new purchaser options.

Configuration:
The complex consists of 27 x spacious 2 bedroom apartments, all with full kitchen facilities, separate lounge areas and patio’s to enjoy the Whangamata sunshine.

All apartments have air-conditioning and are very spacious and extremely well presented to meet a 4 star market.

Complex:
This Resort has the feel of the ‘Aussie’ Gold Coast - very impressive with a huge 15m swimming pool, toddlers pool and private spa / sauna.

Set in a hectare of tropically landscaped gardens, the whole guest experience is fully catered to with a BBQ area, floodlit tennis court and petanque court. There is also a children’s playground right next door.

Reference: EL00558

Auckland - Ellerslie
gordon.fridge@linkbusiness.co.nz
+64 9 555 6055
+64 22 156 9330

Gordon Fridge

*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.