AN EXCELLENT INVESTMENT PROPERTY............
.......... OR WOULD ALSO MAKE A GREAT BEACHFRONT HOLIDAY HOME
This waterfront property has been newly refurbished and converted into two hotel suites that are managed by the adjacent Copthorne Hotel and Resort.
There is a very simple management agreement where by the hotel takes 10% of the accommodation income and as owner you have to meet the costs of local authority rates, insurance and maintenance of the building and land.
Under the management agreement you can use the property as often as you like as long as the hotel has been given reasonable notice and it is in fact available.
This property has a very positive cash flow and growing.
Alternatively you could forget any income potential and convert the suites into a holiday home (or permanent living!) and spend your days looking over one of New Zealand's most beautiful harbours.
The land area is a one half share of 809 square metres (not as stated above).
Please contact the agents for more information.