MCentral Auckland, completed in 2015 and dominating the landscape in the immediate area, is an 11 level structure, two of which are for commercial use and the balance consisting of 114 apartments made up of one, two and 4 bedroom accommodation.

MCentral Apartments consists of serviced apartments in a prime location in close vicinity to Manukau Central train station, Manukau Institute of Technology, Westfield Shopping Centre, Event Cinemas, Rainbow’s End theme park and more.

Brokering agent Wayne Keene of Resort Brokers New Zealand states that the current owner has council approval which allows for 50 apartments to be operated as transient accommodation.

"They also have a very small number of apartments that they can manage as permanents for investors," he adds. 

"There is an opportunity to lobby existing owners to establish a larger permanent letting pool if one wanted to increase revenue."

Gordon McGregor of Resort Brokers New Zealand also adds that the arrangement with the Body Corporate includes a salary and the cleaning contract of the common area.

"There is also an apartment supplied for the Building Manager and the rent of that apartment is paid for by the Body Corporate."

The sale of the Management Rights also includes the administration office and a storage area predominantly used for the cleaners.

There is a lease on the reception area for 6 years with two rights of renewal and final expiry through to 2033.

This is an excellent opportunity to establish a business in Auckland City with a proven business showing great results and an exciting future.

Click here to view the Resort Brokers New Zealand listing with further information.

To discuss the sale in further detail, phone or email Wayne Keene or Gordon McGregor via the below contact details.

See also:

Auckland Britomart Hotel to be managed by TFE Hotels

New DoubleTree by Hilton Wellington Hotel opens

$30m Sudima Kaikoura hotel opening 2019