Vic Far Country REGION

Price Reduced - Security with Long Term Contracts - ID 9136

$1,990,000

Business Description

Victorian Management Rights for Sale
Work And Play in One of Victoria’s Premier Locations
Just Over an Hours Drive from Melbourne

- Prestigious business and exceptional quality location.
- Strategically located between two of Australia’s top 25 golf courses.
- True resort quality in a popular holiday location frequented by Corporate clients.
- A total of 37 well-appointed units, plus the owners 2-bedroom unit (available for sale separately).
- Offering high quality facilities – facilities with term agreement over residence - 2-bedroom unit / reception.
- Conference room, restaurant & bar, prestigious indoor and outdoor dining areas, good size resort style swimming pool, well equipped fitness centre, ample car parking, tennis court, popular and staffed day spa, children’s playground, guest laundry and parking.
- Regarded by many as a restful sanctuary for guests to enjoy some precious “You” time.
- Seperate 2-bedroom investment unit (available for sale separately).
- Well, established Corporate market with high return business.
- High net profit, steady income and long-term lease in place.
- A total of 31 well-appointed units in pool.

Adjusted Net Profit: $415,819 for 23/24
Total Asking Price: $1,990,000 (Business Only)
(Option to purchase Manager's Residence for $400,000)


For further information or to arrange an inspection of this management rights business for sale contact:

Management Rights Broker
Andrew Cronin

Business Summary

Business Snapshot

Price: $1,990,000 Net Profit: $415,819 Remuneration / Body Corp Salary: $62,368

Managers Unit

Value of Managers Apartment: $400,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Pets OK: No

Complex Information

Complex Type: HolidayTotal Units in Complex: 38Total Units in Letting Pool: 31Owner Occupy Units: 7Agreement Term: 25 yearsAgreement Term Remaining: 13 yearsPool: YesGym: YesTennis Court: YesBBQ Area: YesWIFI: Yes
Marketing Agent

Key Investment Insights

- The business is located in a prestigious and highly sought-after location, making it a desirable investment opportunity.
- The property is strategically situated between two of Australia's top 25 golf courses, attracting a high-end clientele.
- The resort offers a total of 37 well-appointed units, including a separate 2-bedroom investment unit that is available for sale separately.
- The facilities offered by the resort are of high quality and include a conference room, restaurant and bar, indoor and outdoor dining areas, a resort-style swimming pool, fitness center, tennis court, day spa, and more.
- The business has a well-established corporate market, providing a steady income and high return.
- The net profit for the 23/24 financial year was $415,819, making it a profitable investment opportunity.
- The business has a long-term lease in place, providing stability for the new owner.
- The manager's residence is available for purchase separately for $400,000.
- The complex is a holiday type, with a total of 38 units and 31 units in the letting pool.
- The agreement term is 25 years, with 13 years remaining.
- The property offers amenities such as a pool, gym, tennis court, BBQ area, and WIFI, making it an attractive option for guests.

Management Rights Multiplier: 3.82
ROI Estimate: 26.15%

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