Magnificent Mount Maunganui Accommodation Business

$879,000TaurangaListing: #EL00567


Tauranga  


$879,000


Accommodation/Motel/Hotel
Refer to Broker


About this business for sale

Magnificent Mount Maunganui Accommodation Business

The Atlas Suites & Apartments is a 4 Star accommodation business nestled in the heart of Mount Maunganui - the village, beaches, cafes, shops, hot pool & Pilot Bay are all within a two minute walk.

There are 3 levels to this complex - the first is underground car parking & the remaining two levels are dedicated to accommodation. The configuration of the Atlas complex is superb with the first level zoned for tourism purposes - meaning you will always have a guaranteed (large) number of apartments in your letting pool.

Key Features

  • 34 Apartment complex / 23 in Letting Pool
  • A number of apartments guaranteed to be in Letting Pool
  • Guest accommodation options range  from studio to 3 bedroom
  • Entry level pricing
  • A superb net profit!
  • Established processes & systems in place

The Atlas Suites & Apartments business has a year in, year out, established turnover & bottom-line.The commanding tariffs coupled with the high return clientele numbers and the continued growth of the Atlas corporate business will make this a purchase options well worth considering.

This is a business only purchase - management rent an apartment on-site. Secure leasing (or purchase) options are available to new owners.

Contact me to discuss further or to arrange an inspection

Reference EL00567

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.