Byron Bay, New South Wales
Premier High Net Holiday Business in supercharged Byron Bay market! | Resort Brokers ID : MR008547
OFF MARKET LISTING
Business Description
ResortBrokers is excited to present an iconic Management Rights opportunity offering exceptional returns circa $504k and consistently high occupancy rates, ideally located in the prime coastal tourist hotspot of Byron Bay.
East on Byron has a total of 30 luxury villas, 23 of which are in the letting pool and is the last short-term building to ever be approved by the council in Belongil, ensuring no further competition and is 100% zoned for tourism and STRA exempt. With topped up 10-year agreements in place, East on Byron provides a secure and profitable venture for the prospective buyer.
If you have been looking for a sea change business, there is no hotter market than Byron Bay, do yourself a favour and move quickly to secure this premier investment in in the highly sought-after Byron Bay area.
- Astounding net profit of approximately $504k
- Flexible management options with no requirement for onsite living
- Fully zoned for tourism with STRA exemption and secure 10-year agreements
- Real estate package includes a one-bedroom unit, office, reception, linen storage room, and car park
- Prime location across from Belongil Beach and a short walk to Byron's centre
- Unique property as the last short-term building approved by council in Belongil
- Prestigious recognition with Booking.com's Traveller Review Award - 9/10
- Property comprises apartments with 23 in the letting pool
Date updated: 12 Jan 2025 22:00:07
Business Summary
Business Snapshot
Price: OFF MARKET LISTING
Net Profit: $465,143 Remuneration / Body Corp Salary: $65,406
Managers Unit
Value of Managers Apartment: $950,000Bedrooms: 1Bathrooms: 1Office: On TitleComplex Information
Complex Type: Resort / HolidayTotal Units in Complex: 30Total Units in Letting Pool: 23Outside Agent Units: 2Lockup Units: 2Agreement Term Remaining: 10 years