The Coromandel Management rights is for sale with long term agreement with the Body Corporate. Gordon McGregor and Shaun Paterson of Bayleys is marketing the management rights of Sovereign Pier for sale at an asking price of NZ$2,170,000.

Bayleys Director of Hotels Tourism & Leisure, Gordon McGregor told The HOTEL CONVERSATION, “Everything about Sovereign Pier on the Waterways, in Whitianga, is class”.

“Great Location + Great Apartment + Great Income = Great Lifestyle”

“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 and class that opened in 2008”.

This almost 2ha 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.

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

The Manager's Apartment is a sizeable entertainer's home approximately 161sqm plus 62.2sqm of balconies with a fantastic kitchen and entertainers balcony. A reception area fronts on to the apartment coupled with a double garage and additional guest parking.

Bayleys Director Shaun Paterson added, “Suitable for a couple who have had enough of city life or perhaps an investor with manager in place – still much better returns than money in the bank with the business component showing around 30% return. You get to sack your boss and run this luxury resort. The existing owners have structured the business to ensure that they get to enjoy fishing, diving and extensive travel. Whitianga offers exceptional beaches, cafes, bars and restaurants, golf, outdoor pursuits, offshore islands, shopping and has great schooling. This could be your new lifestyle.”

To request a copy of the Information Memorandum please contact one of the Bayleys agents Gordon McGregor or Shaun Paterson of Bayleys Real Estate via the below contact details.