Auckland Management Rights Business
Refer to Broker
About this business for saleAuckland Management Rights Business
This residential long term management rights business provides a new owner the opportunity to live in Auckland on site and generate substantial income from the apartment letting business.
The total residential complexes comprise more than 230 apartments consented for residential long term letting. The Body Corporate appoints the manger to undertake general building manager duties as well as providing a spacious well appointed managers apartment. This role and the letting business is for sale, generating solid income.
The term of the management agreement expires 2036.
Inspection and confidential information will be made available to qualified purchasers after discussion with the broker.
Sole Agent Contact: Lindsay Sandes
+64 9 555 6003
+64 21 895 940
*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.