The management rights together with apartment 15, in the unique Clear Ridge development in the alpine township of Hanmer Springs is up for sale through Bayleys’ agent Kate Mullins. The asking price is $980,000.

Located at 28 Jacks Pass Road, the apartment presents an opportunity to buy real estate and a business in one package allowing the buyer to live on-site and be their own boss.

On offer is an executive three-bedroom apartment to live in plus the management rights to run the business operating the premises. The apartment has private access and a garage.

Kate Mullins said management rights are considered superior in ownership style as there is no rental to pay to a landlord.

The deal will involve the owner managing 13 one and two bedroom apartments. Each has full motel kitchens with modern appliances, 11 have spa baths while two have access bathrooms. There is access to a board room and conference room adding another revenue stream while the building is serviced by a lift.

Ms Mullins said the conference rooms are currently under-utilised adding that there is an opportunity to promote the business across social media.

Built in 2008, Clear Ridge apartments rate as one of the best accommodation options in Hanmer Springs with executive rooms, a heated pool and barbeque area very centrally located. The high quality property overlooks the local golf course providing scenic views and is situated within minutes from the thermal hot pools.

Ms Mullins said this listing represents a great opportunity for buyers looking to enjoy an alpine lifestyle whilst investing in real estate and a business in one package – plus the ability to work for yourselves.

“Clear Ridge will strongly appeal to those buyers who have a nest egg they are wanting to safeguard in these very uncertain times.”

Hanmer Springs remains the most popular get-away destination for Christchurch city and approximately 90 minutes north west of the city is an easy drive.  The thermal hot pools are a world class visitor destination in itself.

Kate Mullins said that after looking after the apartments for the past seven years, the current owner is ready for their next project and are motivated to move this package on.

“Clear Ridge is an established and tidy property with forward bookings in place representing a sound investment opportunity for the astute buyer.

“All unit titled apartments are part of the letting pool with the revenue split 60% to owners and 40% to management right holders,” Ms Mullins added.

To request a copy of the Information Memorandum please contact Bayleys’ agent Kate Mullins via the contact details below.

To view the listing and for more information click here.

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