Over the past 6 years Gordon Fridge has become the pre-eminent tourism property broker in Mount Maunganui, Tauranga and the wider Bay of Plenty area. Gordon has sold almost all the Management Rights properties (& motels) in Mount Maunganui and is regarded as something of an expert in the Management Rights field – and is certainly the ‘Go To’ broker for potential buyers in the region.
His experience and knowledge of the Management Rights business is considerable, having sold almost all those on the market in the past 5 or 6 years. Gordon keeps abreast of the changes to the industry legislation, relevant to Management Rights – this knowledge is invaluable to both vendors and buyers as he can offer the latest industry advice and give significant market comparisons from across the region because of the range and variety of the Management Rights properties that he has sold.
The tourism accommodation industry offers a range of options – and in the motel sector, the most likely options is the business lease – (the business without a freehold), the freehold going concern (owning the real estate and the business) and the management rights options – (a freehold component and a business). All have their advantages and differences.
For those looking for something a little different from the traditional motel business – the management rights option offers a number of differences such as:
- The purchase of Management Right generally includes a Freehold Apartment (unless the business & real estate has been separated at the point of purchase)
- Receive a Managers salary
- The apartments in the complex are owned by individual owners who choose to place their apartment into a letting pool which is in turn run by a Management Rights ‘owner’ as a business, along with the business of managing the complex
To find more details about management rights – and motels – feel free to call Gordon Fridge. He is more than happy to spend time to discuss, have a coffee and share his knowledge.
Contact Gordon Fridge
LINK Auckland, Ellerslie
Gordon.fridge@linkbusiness.co.nz
022 1569 330
