Prime Whangamata Management Rights & FREEHOLD ApartmentListing: #HC00230
About this Business for sale in Thames-CoromandelPrime Whangamata Management Rights & FREEHOLD Apartment
The Palm Pacific Resort and Motel is situated at the gateway to the Whangamata village, a few steps to the cafes, restaurants, shopping, and schools and just a little further walk to the fabulous beach, surfing and other water sports. The area school is an easy walk.
This business offers:
- An impressive bottom line with 24% ROI
- Sizeable, freehold, manager’s accommodation
- All 27 apartments in the letting pool (zoned for traveler accommodation)
- Complex presented in pristine condition
- An absolutely prime location
- Just 2 hours from Auckland
- An enviable lifestyle with an income to match!
The freehold component includes the owners’ home – a spacious, 2 bed/2 bath apartment, with huge sunny deck, and a large double garage and reception area.
This Resort has the feel of the ‘Aussie’ Gold Coast - very impressive with swimming pool, toddlers’ pool and private spa and sauna. 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.
All facilities and apartments are very well maintained and presented in top condition, with both the Managers and the Body Corporate, ensuring a high standard.
If you are a surfer, or like the beach lifestyle, then this is for you!
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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.