5-Star Management Rights Business for Sale Mount Maunganui

Description

Business type: beachfront apartment management rights business

Business name: Pavilion Apartments

Location: Mount Maunganui, New Zealand

Current status: established operating business

Complex classification: 5-star according to the source

Total apartments in complex: 20

Apartments in letting pool: 15

Accommodation

• 1-bedroom apartments
• 2-bedroom apartments
• 3-bedroom apartments

Apartments: fully self-contained

Courtyards or balconies: available

Sea views: full or partial depending on apartment

Complex refurbishment: recently completed

Refurbishment materials and fittings: premium according to the source

Apartment tariffs: positioned at premium levels

Financial profile

Occupancy: stated as high

Profitability: stated as consistent

Customers and market

Corporate clientele: established

Domestic clientele: established

Leisure clientele: established

Repeat customers: established

Owner accommodation

Manager's apartment: freehold

Apartment position: beachfront ground floor

Bedrooms: 2

Bathrooms: 2

Kitchen, dining and living layout: open plan

Private patio: large

Sea views: available

Location

Beach access: steps away

Cafes: nearby

Restaurants: nearby

Shops: nearby

Mount Hot Pools: nearby

Transaction details

Business and manager's apartment: must be purchased together

Freehold manager's apartment: included in the required transaction

Business-only purchase: not available according to the source

Potential buyers

• Owner-operators
• Management rights buyers
• Accommodation operators
• Hospitality investors
• Buyers seeking a live-in beachfront business