It’s a holiday paradise. It’s a place of fun and relaxation. It’s Mount Maunganui.
Mount Maunganui is located on the North East of New Zealand’s North Island, and it has a harbour beach, which offers plenty of options for sunbathing and gentle relaxation, and an ocean beach, which enjoys plenty of surf year-round. Average high temperatures of 23 degrees Celsius during February and average lows of 8 degrees Celsius in August ensure that everyone can have a good time regardless of what time of year it is.
More importantly, Mount Maunganui has plenty of options for businesses, and it’s the management rights businesses that are particularly lucrative.
This is because there are dozens of apartments in Mount Maunganui that include a variety of amenities. If you’re looking for apartments in Mount Maunganui, you may consider a management rights option that allows you to let out the apartment easily during the peak season so you can make money from it. The right management rights apartment can be a good money earner when managed by the right person.
Peak Times in Mount Maunganui
As with most New Zealand destinations, the peak season runs from December through to the end of February. In addition, there are often spikes during the Easter holiday weekend and the middle of April, mid-July and early October. These spikes are usually accompanied by a rise in prices.
Determining Prices in Mount Maunganui
Price is everything when considering a management rights property in Mount Maunganui. This means that you have to consider the overall return on investment that you are likely to get, and this can be done by looking at the letting history.
The actual price you get depends on several factors:
- How far the property is from the beach
- The desirability of the property
- The season
- The price of similar properties in the area
- The size of the property
- How many facilities the accommodation complex has
How Does a Management Rights Apartment Work?
A full management rights complex has three main entities:
- The owner of each apartment
- The Body Corporate, which is a committee formed of all the owners in the apartment complex
- The manager, who runs the complex
Typically, the owners of an apartment let out the apartment through the manager. As a result, the manager must advertise and market the complex as a business, subject to the restrictions placed by the owner of each apartment and the Body Corporate. You cannot usually let out each space individually except through the manager.
The manager takes a cut from the nightly rental rate, and the management rights apartment owner takes the rest of it. However, the manager may also charge a fee for other essentials, such as cleaning or linen services. While the management rights owner can do this, it’s usually easier to pay the manager to do so – particularly when you live away from the area. As a management rights apartment owner, you must generally keep your apartment in good shape and have appropriate decor.
How Do You Buy a Management Rights Business in Mount Maunganui?
Many people rely on LINK brokers to help them through the process of buying a management rights business in Mount Maunganui. Typically, this involves being taken through the paperwork and selecting the right business for your needs in the area. Management rights apartments involve a number of documents that detail the precise responsibilities of each entity, and a LINK broker can help you understand what you need to do and link you with professionals who can provide legal and accounting advice regarding your specific situation.
By joining our database of interested people looking for a management rights business, you get regular communication regarding opportunities in Mount Maunganui, so you can find one that suits your business needs.
Mount Maunganui has a huge range of apartments as well as existing businesses that use a management rights model, and LINK brokers make it easy to find the ideal opportunity for you.
Gordon Fridge
LINK Auckland, Ellerslie
Gordon.fridge@linkbusiness.co.nz
022 1569 330
