4 Marine Parade, Mt Maunganui, North Island
Absolute Beachfront Management Rights Opportunity - Pavilion Apartments, Mount Maunganui
NZD $2,500,000
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 location 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, supporting diversified short-term letting.
3. Freehold 2 bedroom, 2 bathroom ground-floor owner's apartment included, featuring open plan living and a large patio with ocean views.
4. Recent extensive refurbishments including full reclad, new roof, double glazing, new decks, new lift, new balustrades, and refurbished lobby and foyer areas, reducing immediate capital expenditure.
5. Established management rights business with demonstrated lucrative income potential.
6. $30,000 plus annual Body Corporate salary, providing a steady guaranteed income component.
7. Significant repeat business, reducing booking commission costs and supporting occupancy stability.
8. Long term in place, with 16 year management rights term remaining, expiring 2040, offering medium-term security.
9. Prime central location close to Mt Mauao walking tracks, hot water pools, surf club, cafes, restaurants and boutique shops, enhancing year-round demand.
10. Access to world-class surfing, fishing and other water activities, strengthening the property's appeal to holidaymakers.
11. Turn key operation offered for NZ$2,690,000, including the management rights and the freehold apartment, enabling immediate owner-operator income.
