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4 Marine Parade, Tauranga, Tauranga

$2,790,000

2

1

124m²

Management Rights Business with Freehold Apartment

Ocean Views, Beachside Lifestyle - the ULTIMATE Home & Income

Pavilion Apartments Mount Maunganui is an upscale Management Rights Business located at the popular and sought-after Mount Maunganui beachfront. Featuring 15, 1,2, and 3-bedroom self-contained apartments currently in the letting pool and a gorgeous FREEHOLD 2-bedroom, 2-bathroom ground-floor, beachfront owner’s apartment, this highly profitable business is unmatched within management rights businesses in the country.

The Mount Maunganui main beach is directly in front of the Pavilion Beachfront Apartments. It is one of New Zealand’s top holiday destinations, boasting glorious beaches, Mt Mauao walking tracks, hot water pools, surfing, fishing, kayaking, and sailing. Pavilion Apartments is located right next to a fantastic selection of shops, bars, cafes, and restaurants, and a stone’s throw away from the Mt Maunganui Surf Club and Hot Pools

The Managers Unit - A spacious and private FREEHOLD apartment with 2 bedrooms, 2 bathrooms, open plan living, dining & kitchen with direct access to a large patio on the ground floor with fabulous ocean views. 99sqm open plan living plus a glorious 23.8sqm deck overlooking one of NZ most spectacular beaches.

Management Rights - A management rights operation produces lucrative income and a fantastic lifestyle. The management rights owners’ income is made up of holiday booking income, commissions, and building management fees.

Business Model - 15 one-bedroom, two-bedroom, and three-bedroom apartments in mixed letting pool. The complex consists of 20 Apartments in total. A significant level of repeat business allows for savings on booking commissions and longer-term stays.

Complex - Easy maintenance complex. Extensive refurbishments were completed recently to the exterior of the property including a full reclad, new roof, double glazing, new decks, balustrades, new lift, and full refurbishment of the lobby and foyer areas. This has brought the property up to the new building code making it a hassle-free and easy maintenance complex.

Fixed Income - An impressive $30,000 Body Corporate Salary as fixed income, plus additional letting income.

Term Remaining - 15 years – Expiring 2040

The business and apartment must be purchased together. Selling as the long-term managers intend to retire.

Additional details

Type

Home & Income

Property ID

73241

Listed on

10/04/2025

Updated

10/04/2025

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Listed for sale on OneRoof for 76 days (last updated on 10 April). There are 31 2-bedroom properties for sale nearby. There are 159 properties for sale in Tauranga.

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Mount Maunganui, Tauranga

Mount Maunganui is a suburb which lies within the Territorial Authority of Tauranga, one of 24 residential suburbs which form the wider region. Mount Maunganui is the 2nd largest suburb of Tauranga in terms of the total number of residential housing stock. Mount Maunganui provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1920 - 1929. The majority of the residential housing stock in the locality was constructed between 1990 - 1999. Residential housing stock in Mount Maunganui is made up of approximately 97% residential housing and 3% residential investment housing properties.

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