Blueys Beach, New South Wales

Forster - Mid North Coast Resort/Retreat - Management Rights - 1P4097MR

Management Rights $1,699,000

Property Description

Live, Work and Play in Forster - the Most Idyllic Coastal Village on the NSW Mid North Coast

The opportunity to purchase the management rights of this wonderful Coastal retreat .

Inclusions are:

. Management Rights of Retreat
. 2 bedroom unit with reception and communal room
. 4 bedroom residence with optional reception area

This property is well positioned and well supported by couples and families during weekend and short breaks and longer holidays periods due to Sydney being only a 3 hour drive and 1 ½ hours from Newcastle.

The Retreat provides guests with landscaped gardens, well maintained accommodation and facilities such as:

. Tennis Court
. Swimming Pool
. Heated Spa
. Adjoining Restaurant & Café
. Close to village shops and beach

Property Summary

Business Snapshot

Price: Management Rights $1,699,000 Net Profit: $260,000 Remuneration / Body Corp Salary: $119,987

Managers Unit

Value of Managers Apartment: $950,000
The Manager's residence is the original renovated farm house and provides a comfortable 4 bedroom home and optional reception area. A 2 bedroom townhouse located above the reception area and clubhouse is also included in the sale. The townhouse is currently rented as a permanent residential and provides an extra income stream to the business.

Complex Information

Complex Type: HolidayTotal Units in Complex: 43Total Units in Letting Pool: 34Holiday Units: 34Agreement Term Remaining: 15 yearsPool: YesSpa: YesTennis Court: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - North Coast
Marketing Agent
Darren Leaney
Darren Leaney

Listing location
Gallery

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