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Orewa Motel Management Rights for Sale ideal retirement activity

Thursday 18 March 2010, 2:44PM

By Carolynn Crawford - Tourism Properties.com

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Motel Management Rights for Sale Price: $875,000 plus GST (if any)
There are 8 individually owned units under management. This includes a studio unit which is part of the sale. There is no monthly rent. Income accounted bimonthly to each owner less management fees.
Hibiscus Palms is a 4 star Qualmark rated motel with 1 studio, 6 one bedroom and 1 two bedroom units. Each unit is individually owned and on separate titles. Location is across the road from the sweeping Orewa Beach. Newly refurbished owners accommodation has two double bedrooms, kitchen, bathroom, lounge and separate dining room and large deck with views of Orewa Beach.
What you are buying:
• The real estate - $675,000 plus GST (If any)
• A two bedroom apartment
• A studio unit in the rental pool
• The office
• The laundry
• Two car parks
The established Business: $200,000 plus GST (if any)
This is a wonderful opportunity to enter the Auckland motel industry as the unit owners are liable for all expenses including rates, Body Corporate contributions, power, Sky and repairs and maintenance. The term of the Management Agreement is open ended.
Hibiscus Palms would be absolutely perfect for a retired couple to run” says Carolynn Crawford, Tourism and Hospitality Broker. “They would live in a spacious two bedroom apartment with views across the Reserve to Orewa Beach and really only need to work as much or as little as they choose to. There are cleaners on call, laundry is contracted out and the grounds are low maintenance. There are also excellent relieving managers available when you need to take that overseas holiday. Plenty of time for golf, fishing or other activities in close proximity. This is so manageable and easy to run with just 8 well maintained units, really one person could run it and leave their partner free to work elsewhere”.

So be part of the delightful Orewa Beach village with restaurants, cafes and shopping. Orewa Beach has it all with laid back lifestyle, dramatic coastline, friendly community and beautiful beach less than 20 minutes north of Auckland. Close to Orewa are diverse activities and attractions such as regional parks, Golf, Snowplanet, Waiwera Thermal Springs, the Hibiscus Coast and wine regions. Close by is the vibrant village of Matakana with its wineries and Farmers Market all making this a splendid place for visitors to stop off on their way north to the Bay of Islands. Carolynn Crawford 021 247 8716 or carolynn.crawford@tourismproperties.com