Everything about Sovereign Pier on the Waterways is spectacular. Long-term management agreement with Body Corporate (expires December 2047 but the Body Corporate have extended in the past) plus ownership of an entertainers 3-bedroom apartment.
This is a very successful and robust business which has demonstrated growth even through Covid, recent storms/road closures and is secured by a healthy Body Corporate management fee (adjusted annually by inflation) plus profit made on additional duties and services such as pool and ground maintenance.
Designed to cater for high-end guests. Sovereign Pier is a cut above the rest, a 5-star luxury villa complex reflecting style and class that opened in 2008 and has been well maintained since. This almost 2ha complex has 48 villas, 19 marina berths, a heated swimming pool, spa, astro turf tennis court, and gymnasium. Whitianga offers exceptional fishing, diving, beaches, cafes and restaurants, bars, golf, outdoor pursuits, offshore islands, shopping and great schooling.
A home, a lifestyle and an income that will change your life!
Configuration:
38 x two and three bedroom waterfront villas
10 x three bedroom courtyard villas
All apartments are luxurious in size, have designer kitchens, laundry facilities, heat pumps/air-conditioning a balcony or courtyards.
Currently 16 apartments in the letting pool with potential to add more over time.
Owner's Apartment:
Rarely do we see an apartment such as this as when selling Management Rights.
This is pure class. The owner will enjoy a 5-star three-bedroom, two-bathroom apartment. This two level, modern, chic home has been superbly designed to ensure the owners have everything to enjoy the lifestyle that Sovereign Pier and Whitianga has to offer.
This is a sizeable entertainer's home - a home where you can have friends and family over to make full use of the fantastic kitchen and entertainers balcony. A reception area fronts on to the apartment and a double garage with additional guest parking.
Call us today for a private viewing.
