Byron Bay, New South Wales
4 Star Byron Bay Resort with private access to Beach - 1P5274MR
Management Rights $3,450,000
CRE Brokers are proud to be appointed the Exclusive Marketing Agency for this Blue Chip Byron Bay Management Rights for sale.
This iconic 4 star property is well positioned on the edge of the CBD and has private access to the beach. With great guest reviews and strong forward bookings, this is an outstanding consistently high cash flow business, also offering an enviable lifestyle.
All units are in the letting pool and the resort reception is included on the managers apartment title.
The first time presented to the market for 8 years, this business will be snapped up.
MANAGER'S RESIDENCE : 2 bedroom unit, north facing, ground floor
TOTAL NUMBER OF UNITS : 24 (including Manager)
UNITS IN LETTING POOL : 23
NET PROFIT: $490,665
REAL ESTATE PRICE : $850,000 (includes unit and reception)
BUSINESS PRICE : $2,600,000
TOTAL ASKING PRICE : $3,450,000
Price: Management Rights $3,450,000
Net Profit: $490,665 Remuneration / Body Corp Salary: $42,917Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: On Title
Complex InformationComplex Type: HolidayStar Rating: 4Total Units in Complex: 24Total Units in Letting Pool: 23Holiday Units: 23Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesSpa: YesBBQ Area: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - North Coast