Boomerang Beach, New South Wales

3 hrs Sydney, 75 Beach Houses, Secure Letting Pool, Large Net Profit - 1P4071MR

Management Rights $3,300,000

Property Description

EXCLUSIVE TO CRE BROKERS. Arguably one of the best Management Rights opportunities in NSW is now for sale.

Since completion in 2006, this secure business has only changed hands once.

Prime beachside position, situated only 3 hours north of Sydney in the heart of The Great Lakes region. Award winning design by renowned Sydney Architect, this property has it all.

. A secure letting pool, restricting to Short Term accommodation only, NO permanent occupants permitted.
. Long 20 year agreements (QLD model)
. State of the art resort facilities you would expect in a 4.5 star resort.
. Restaurant/Bar & Function Centre, separately operated.
. 3 bedroom/2 bathroom Manager's Apartment, Reception and Management Centre, ALL on Managers title.
. Beside one of the most stunning beaches in NSW, renowned for great surf and swimming.
. Many options for children's schooling close by.

Caretaking Salary: $153,690 (adjusted annually to CPI)
Net Profit: $689,989

Managers Real Estate: $720,000
Business: $2,580,000

Property Summary

Business Snapshot

Price: Management Rights $3,300,000 Net Profit: $520,820 Remuneration / Body Corp Salary: $153,690Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $720,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title
An airy open plan residence with an ensuite to the main bedroom and a north facing balcony. This gives the manager privacy while being able to view the entrance, pool and tennis court areas. 3 bedroom/2 bathroom Managers Apartment, Reception and Management Centre, ALL on Managers title.

Complex Information

Complex Type: HolidayTotal Units in Complex: 75Total Units in Letting Pool: 68Holiday Units: 68Outside Agent Units: 5Lockup Units: 2Agreement Term: 20 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesTennis Court: YesFunction Facilities: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - Central Coast/Hunter, C:NSW - North Coast
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