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Whitianga

44/73 South Highway, Whitianga, Thames-Coromandel

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Asking Price NZ$1,999,000 + GST

 (if any)

Easy to manage business and freehold apartment


Now $1,999,000.00

Significant price reduction to $1,999,000 (+ GST if any) - (was $2,170,000). Everything about Sovereign Pier on the Waterways, in Whitianga, is class.

48 apartments in an immaculately presented complex on the waterways. 18 in the letting pool with growth potential.
Adjusted net profit of $350K per annum inclusive of a $61K body corporate remuneration.
Three streams of income (body corporate salary, maintenance and groundwork, and accommodation rental income).
Long-term management agreement with 24 years remaining with renewals exercised.
High-quality three-bedroom, two-bathroom home on freehold unit title.
Perfectly located only 1.8km from the town centre on almost 2.3 hectares with a private marina and 19 berths.

Business Summary
Adjusted Net Profit: $350,000
Body Corp Salary: $61,000 + GST
Body Corp Salary Review: CPI adjusted annually

Managers Unit
Value of Manager Apartment $900,000
Bedrooms: Three (3)
Bathrooms: Two (2)
Garage: Double
Car spaces: Two (2)
Office: One (1)

Complex Information
Complex Type: Luxury Resort
Total Villas: 48
Letting Pool: 18
Managers Unit: $900,000
Features: Private marina, boat ramp, pool, large spa pool, tennis court, gym

The ultimate home and business. Bring the boat and enjoy the lifestyle on offer.
For more information or to arrange a private viewing, please contact Sonia Bruce on 027 433 3111.

Sonia Bruce

Sonia Bruce

Residential, Waterfront and Apartment Sales

MH Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Shaun Paterson

Shaun Paterson

Director - Agency

MH Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Gordon McGregor

Gordon McGregor

Residential, Business and Hotels Sales

MH Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Investment


A home, a lifestyle and an income that will change your life

Premises


Super high quality resort right on the waterways

Growth opportunities


Successful business with room for growth

Location


Located in Whitianga, which offers exceptional fishing, diving, beaches, cafes and restaurants, bars, golf, outdoor pursuits, offshore islands, shopping and great schooling

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

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