4 Marine Parade, Mt Maunganui, North Island
Absolute Beachfront Management Rights Opportunity - Pavilion Apartments, Mount Maunganui
NZD $2,690,000
Business Description
Discover a rare gem in New Zealand's premier holiday destination! Pavilion Apartments Mount Maunganui presents an unparalleled opportunity to own a thriving Management Rights Business in one of the country's most sought-after locations[1][3].
Property Highlights
- Prime beachfront location on Mount Maunganui's main beach
- 15 self-contained apartments (1, 2, and 3 bedrooms) in the letting pool
- FREEHOLD 2-bedroom, 2-bathroom ground-floor owner's apartment
- Spectacular ocean views and direct beach access
- Recently refurbished complex with modern amenities
Lifestyle and Income
- Lucrative management rights business with excellent income potential
- $30,000+ annual Body Corporate salary
- Significant repeat business reducing booking commissions
- 16-year management rights term remaining (expiring 2040)
Owner's Apartment
Indulge in beachfront living with your spacious, private FREEHOLD apartment featuring:
- 2 bedrooms and 2 bathrooms
- Open plan living, dining, and kitchen area
- Large ground-floor patio with stunning ocean views
Prime Location
Situated in the heart of Mount Maunganui, mere steps away from:
- Glorious beaches and Mt Mauao walking tracks
- Hot water pools and surf club
- Vibrant cafes, restaurants, and boutique shops
- World-class surfing, fishing, and water activities
Recently Upgraded Complex
Enjoy peace of mind with recent extensive refurbishments, including:
- Full reclad and new roof
- Double glazing and new decks
- New lift and balustrades
- Refurbished lobby and foyer areas
This turn-key operation offers a perfect blend of lifestyle and income in one of New Zealand's most desirable locations. Don't miss this chance to own a piece of paradise and run a highly profitable business simultaneously[3][6].
Price: NZ$2,690,000 (Management Rights + Freehold Apartment)
Seize this extraordinary opportunity today! Contact us now to arrange a private viewing and start living your dream at Mount Maunganui.
Business Summary
Key Investment Insights
1. Absolute beachfront position on Mount Maunganui’s main beach, offering direct beach access and spectacular ocean views.
2. 15 self-contained apartments in the letting pool, comprising 1, 2 and 3 bedroom configurations.
3. FREEHOLD 2-bedroom, 2-bathroom ground-floor owner’s apartment included, with open plan living and large patio.
4. Turn-key management rights sale combining the management business and freehold apartment for one price.
5. Recent extensive refurbishments including full reclad and new roof, double glazing, new decks, new lift and balustrades, and refurbished lobby and foyer.
6. Demonstrated strong revenue drivers, including significant repeat business that reduces booking commission costs.
7. Established Body Corporate salary of $30,000 plus annually.
8. Long secure term remaining with 16 years of management rights to expiry in 2040.
9. Prime central location walking distance to Mt Mauao tracks, hot water pools, surf club, and main beach activities.
10. Proximity to vibrant cafes, restaurants, boutique shops, world-class surfing, fishing and water activities, enhancing guest appeal.
11. Owner’s apartment offers lifestyle benefits as beachfront living combined with income from the management business.
12. Asking price NZ$2,690,000 for the combined management rights business and freehold apartment.
