An attractive landmark building that fronts the corner of Marine Parade and Clyde Street in Mt Maunganui has been placed on the market. Reef Luxury Apartments is a three-level apartment complex that opened in 2001 and commands extensive views over the water, giving it pride of position and demand for premium accommodation. The property enjoys a good level of repeat business due to its beachfront location and hotel-like feel. Guests have access to two in-ground heated swimming pools as well as a gymnasium and secure onsite parking. Reef Luxury Apartments has a total of 30 apartments, all of which enjoy two secure parks located underground. The management letting pool consists of 21 apartments made up of a mixture of two and three bedroom apartments, each with two bathrooms. All apartments can be keyed off to create one bedroom apartments to accommodate the corporate market. This provides the guests and operator with more configuration options and reduces cleaning costs. For more information contact Wayne Keene from Resort Brokers at wayne@resortbrokers.co.nz.
BEACHFRONT OPPORTUNITY
