Price
$1,150,000 + GST (if any)
Profit *
Refer to Broker
Sales Revenue
$650,000
Location
Bay of Plenty Region, Bay of Plenty
Category
Accommodation/Motel/Hotel, Management Rights
Listing #
EL04276
Outstanding Management Rights Business and Freehold apartment. Best in the Bay! Our vendor is motivated having secured their future plans!
*** Includes a poolside owners 2 bedroom, 2 bathroom FREEHOLD apartment and office***
Ohope Beach Resort is pure 4.5-star without compromise! The 31-apartment resort was built to exacting standards, boasting multiple swimming pools, spa pools, a tennis court, fitness room, sauna, games room, and a large communal meeting / conference room with a fully self-contained kitchen.This resort was designed for discerning owners. A number of owners elect to let their apartments out on a 'hotel' basis via the onsite manager, creating a superb Management Rights Business.
Hotel guests in search of quality amenities actively seek out Ohope Beach Resort for accommodation in this area, providing lucrative business sales for the vendors.. Situated on Ohopes’ isthmus, the resort is opposite NZ's most popular beach – Ohope Beach and from the other side, borders Ohiwa Harbour. This provides guests with options of freshwater swimming pools, surfing, or flat-water harbour recreational activities.
Ohope Beach Resort comprises 2 x 3 story towers, and 2 other low rise apartment buildings giving guests multiple options for their stay in the self-contained apartments. All apartments are presented to an exceptional standard and attract premium tariffs in this business.
Included in the sale is the freehold real estate – the superb owner’s apartment is on the ground floor comprising 2 bedrooms and 2 bathrooms, a spacious open plan kitchen, dining, and lounge area opening to a deck overlooking one of the swimming pools.
This Management Rights business has two aspects to the income streams – appointed and acting as the Building Manager, plus managing owners’ apartments in the hotel letting pool. This business offers boutique, fully self-contained beach or harbour facing apartments with 20 apartments currently in the letting pool comprising, 2- and 4-bedroom apartments with balconies / decks.
The business and apartment must be purchased together. The Body Corporate Chair and Committee are committed owners and will ultimately provide approval for the sale assignment of the Building Managers role.
This is an exceptional business opportunity offering a rewarding lifestyle and freehold real estate in a premium location!
Asking $1,150,000 for the real estate and business.
Lindsay Sandes on 021 895 940, [email protected]
Links Accommodation Specialist
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement.
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*Profit: 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.
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