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Gordon McGregor

Gordon McGregor

Director | Coromandel, BOP

M: +64 21 998 810

gordon[dot]mcgregor[at]bayleys[dot]co[dot]nz

Sovereign Pier on the Waterways ID: 1863

Management Rights Coromandel

$1,999,000 plus GST if any

Don’t Just Dream, Take Action

Property Name:
Sovereign Pier on the Waterways
Address:
73 South Highway, Whitianga
Property Type:
Management Rights
Sale Type:
Management Rights
Price:
$1,999,000 plus GST if any 
Region:
Coromandel

Reasons to buy

Don’t Just Dream, Take Action

Paradise Living that you can achieve.

Home and Luxury Accommodation business with over 30% return.

Whitianga Waterways

  • Multiple revenue streams

    • Body Corp Remuneration  $61,000
    • Repairs & Maintenance Income $73,000
    • Letting Pool Income $166,000
    • Total Net Income  $300,000 (average last 3 years)
    • OVER 30% return on Business Investment
  • Price Breakdown

    • Luxury Owners Apartment $1,180,000 
    • Business Value $990,000
  • Letting Pool:  18 Villas

  • Stunning 3 bed/ 2 bath apartment on separate title

  • Long term management agreement with Body Corporate for management rights of wider complex (48 units in complex)

Opportunity to increase your investment by buying more apartments

Suit husband and wife team or an investor with managers in place

 

 

 

Gordon McGregor

Director / Coromandel, BOP

Mob: +64 21 998 810

Shaun Paterson

Director / Whitianga

Mob: 021 793 807

Everything about Sovereign Pier on the Waterways, in Whitianga, is class.

Designed to cater for high-end guests and their needs.  Sovereign Pier is a cut above the rest, a 5 star luxury villa complex reflecting style & class that opened in 2008.  This almost 2 hectare development has 48 villas, 19 marina berths, a seasonal waterfront heated swimming pool, spa, astro turf tennis court and a gymnasium.  The property is fully fenced and gated.

The complex has a boat ramp for guests with trailer boats. All villas have car parking for extra vehicles, including boat trailers.  Guests with large power boats or yachts can also rent a marina berth, subject to availability.

Secure your future.  Do you want a lifestyle and an income that will change your life from this day forward?

Configuration:

  • 48 Luxury Apartments consisting of:
  • 38 x 2 & 3 bedroom waterfront villas
  • 10 x 3 bedroom courtyard villas

All apartments are luxurious in size and come with full designer kitchens, laundry facilities, heat pumps/air-conditioning a balcony or courtyards.

Watch video by clicking on the following link https://youtu.be/O8dqfHRX3Dg

Configuration allows for a number of apartments to be used as one bedroom apartments.

Owner's Apartment:

Rarely do we see an apartment such as this as when selling Management Rights.

This is pure class. The owner of Sovereign Pier will enjoy a 5 star 3 bedroom, two bathroom apartment. This two level, modern, chic home has been superbly designed to ensure the owners have everything in a home to enjoy the lifestyle that Sovereign Pier on the Waterways & Whitianga has to offer.

This is a size-able entertainer's home - a home where you can have friends and family over to make full use of the fantastic kitchen and entertainers balcony. A reception area fronts on to the apartment coupled with a double garage and additional guest parking.

Call us today for a private viewing.

Financials:

Available upon signing a Confidentiality Agreement downloaded from the documents tab above the picture.  Contact Gordon McGregor 021 998810 or gordon.mcgregor@bayleys.co.nz

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

Confidentiality

To access information about this listing please follow the link below and complete the Confidentiality Agreement Form.

Confidentiality Agreement Form

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