Prime Management Rights with FREEHOLD Real Estate

Waikato

$1,150,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1bsnx1l



The Palm Pacific Resort & Motel is situated at the gateway to the Whangamata village; a few steps to the cafes, restaurants, shopping and schools and just 8 minutes to the fabulous beach, surfing and other water sports.

Key FeaturesIt's all about lifestyle & $$$$$$A unique & secure management agreement offering very factorable termsThe complex is extremely well presented with most of the apartments having been upgraded / renovatedA large and valuable real estate component to go with the business & reception on titleA business that is performing exceptionally well - in fact this would be one of the best in the CoromandelAll apartments are in the letting pool - the tourism zoning

This business offers a very impressive bottom-line and the prime location, just 2 hours from Auckland, offers a lifestyle to be envied.

The freehold component includes a 2 bed/2 bath apartment, a large double garage and large strategic auxiliary unit that may offer the new purchaser options.

Configuration:
The complex consists of 27 x spacious 2 bedroom apartments, all with full kitchen facilities, separate lounge areas and patio's to enjoy the Whangamata sunshine.

All apartments have air-conditioning and are very spacious and extremely well presented to meet a 4 star market.

Complex:
This Resort has the feel of the "Aussie' Gold Coast - very impressive with a huge 15m swimming pool, toddlers pool and private spa / sauna.

Set in a hectare of tropically landscaped gardens, 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.

Reference: EL00558
Ref: EL00558
Timestamp: 20170523054519

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