An excellent investment and income opportunity to own and operate a Management Rights business and key associated real estate assets in New Zealand's leading financial hub and capitalize on what we consider a very buoyant market for commercial accommodation assets in this class.

• The opportunity is on offer to secure a management rights business and key associated real estate assets within the complex, including office, reception and storage units, car parks, laundry and bathroom facilities

• Built-in 2006-2007 in a prime CBD location, the Tetra Serviced Apartments property combines various apartment types covering different markets

• A building management agreement allows the operator to run a serviced apartment operation. An additional telecommunications agreement provides the ability to charge for internet and phone services

• Current owners operate a letting pool of 47 out of a total of 177 Apartments: A mix of Studio, one and two-bedroom apartments

• The rights come with a term of 19 Years, expiring in 2037

• Auckland's student accommodation sector has been a star performer in recent years and is bouncing back with the reopening of international borders post-Covid. The University of Auckland reported record-high applications for accommodation it provides this year

• The current owners have built the business to a level that can sustain a full-time management structure whilst offering excellent returns to shareholders

• New owners could take on the business's day-to-day running, or a passive investor could maintain a management structure similar to what is currently in place

This business has unique attributes, including key real estate assets and good configurations of room inventory, providing accommodation to several market drivers.

Contact Shitanshu Patel or Wayne Keene for a confidential discussion about this unique investment and income opportunity.