A Money Making Machine in Mount Maunganui!

Tauranga

$895,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1bt4ddr



Atrium Apartments, Management Rights
Based in the stunning Bay of Plenty town of Mount Maunganui, the Atrium complex is one of the largest buildings in the region consisting of 60 apartments.

This sound business, with an abundance of potential, is on the market at a very realistic price. Potential buyers' purchase options: buy the lot or simply buy the business and rent the managers apartment. Can it get any easier! Pricing below:Business = $895,000Real Estate = $595,000 (2 x bedroom apartment, reception & laundry)

Key FeaturesSuperb location30 apartments in letting poolVery good net profitability coupled with an enormous upside Large & valuable real estate component to go with the business & reception on title (optional)Private walkway to the beachGym, sauna/spa, wonderfully large swimming pool Concrete & block construction

Configuration:
The complex consists of 60 apartments with 30 currently in the letting pool. All of the apartments have balconies with nearly all of the apartments enjoying expansive ocean or Pilot Bay views. All apartments are spacious and have full cooking facilities. The 30 apartments in this well configured letting pool consist of the following:Studio One bedroomTwo bedroom A three bedroom

Complex:
Mount Maunganui is New Zealand's French Riviera. The growth in Tauranga and Mt Maunganui is phenomenal; in fact Tauranga is now New Zealand's 5th biggest city and the growth will continue!

The Atrium Apartments is one of Mt Maunganui's iconic buildings. This eye catching complex was built in the early 2000s and has been very well maintained. Like similar locations throughout NZ with the property market lifting off to another stratosphere, Tauranga. and more so Mount Maunganui, is no different. Investors have seen the income potential and are purchasing/renovating apartments in order to receive maximum returns by way of a passive investment!

Contact me today to organise an inspection

Reference: EL00632
Ref: EL00632
Timestamp: 20170523054511

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