Byron Bay, New South Wales

Outstanding Byron Bay Management Rights/Resort - 1P5274MR

Management Rights $3,695,000

Property Description

CRE Brokers are proud to be appointed the Exclusive Marketing Agency for this Blue Chip Byron Bay Management Rights opportunity.

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.

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 : $2,845,000
TOTAL ASKING PRICE : $3,695,000

Property Summary

Business Snapshot

Price: Management Rights $3,695,000 Net Profit: $490,665 Remuneration / Body Corp Salary: $42,917Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: On Title

Complex Information

Complex 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
Marketing Agent
CRE Brokers
CRE Brokers

CRE Brokers

Listing location
Gallery

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