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DealProspect/Listings/Hospitality & Tourism

Management Rights & Freehold Apartment, Ohope Beach

Management Rights

ActiveHospitality & TourismBay of PlentyB2C
Asking price
$990,000
Disclosed · NZD
Revenue
$650,000
TTM
Earnings (est.)
~$148,395
Estimated · comparable listings of this type and size
Implied multiple
n/a
Price includes the property

Brief

  • Management rights business at Ohope Beach Resort, a 31-apartment 4.5-star beachfront complex
  • Includes a freehold 2-bedroom, 2-bathroom owner's apartment plus onsite office
  • building manager payment and letting income from a 20-apartment letting pool
  • Multiple pools, spa, tennis court, gym and conference facilities; strong repeat clientele