VIC FAR COUNTRY REGION

Motivated Vendor - Price Reduced - ID 9136

$1,890,000

Business Description

Victorian Management Rights for Sale
Fantastic Coastal Location
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: $1,890,000 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

Andrew Cronin

MR Sales

Key Investment Insights

- Prestigious business located in a highly sought-after coastal location just over an hour's drive from Melbourne.
- Strategically situated between two of Australia's top 25 golf courses, making it an ideal destination for golf enthusiasts.
- The resort offers 37 well-appointed units, including a separate 2-bedroom investment unit available for sale.
- High-quality facilities, including a conference room, restaurant and bar, indoor and outdoor dining areas, swimming pool, fitness center, tennis court, day spa, and more.
- The resort is a popular holiday destination for corporate clients, providing a steady income for the business.
- The property is regarded as a peaceful and relaxing sanctuary for guests to enjoy some "me" time.
- The business has a well-established corporate market, ensuring a high return on investment.
- The net profit for the business is $415,819 for the 23/24 financial year.
- The total asking price for the business is $1,990,000 (business only), with the option to purchase the manager's residence for an additional $400,000.
- The business has a long-term lease in place, providing stability for the new owner.
- The complex has a total of 38 units, with 31 units in the letting pool and 7 owner-occupied units.
- The management agreement has a remaining term of 13 years.
- The complex offers a range of amenities, including a pool, gym, tennis court, BBQ area, and WIFI.

Management Rights Multiplier: 3.58
ROI Estimate: 27.91%