Byron Bay, New South Wales
BOUTIQUE MANAGEMENT RIGHTS PROPERTIES - BYRON BAY - HIGH INCOME
$4,886,350
Business Description
Overview
Premier Business Sales presents a rare opportunity to acquire two stunning boutique management rights properties in Byron Bay, one of Australia's most sought after coastal destinations. This unique lifestyle / investment opportunity offers strong income, minimal caretaking duties and beautifully maintained resorts that attract high-end clientele year-round
Key Features
- Two boutique resorts sold together
- High combined net profit
- No requirement to live onsite
- Both manager's units currently in the holiday rental pool
- Over $100k of additional income (not included in P&L)
- Easy to operate under management
Prime Locations
Excellent locations close to beaches and town centre. One resort is opposite Clarks Beach near Cape Byron lighthouse, The Pass, Wategos, Tallows Beach and Byron town centre. The second resort is centrally located just five minutes walk to Byron CBD and moments from Belongil Beach.
Lifestyle and Investment Opportunity
Live and work in iconic Byron Bay, a thriving tourism hub known for its natural beauty, relaxed atmosphere, gourmet dining, boutique shopping and vibrant community. Enjoy the flexibility of boutique management rights with strong financial returns in a blue-chip coastal town.
Enquire now – rare opportunities like this in Byron Bay don’t last long!
Property Code: 1334
Business Summary
Business Snapshot
Price: $4,886,350
Net Profit: $569,431 Remuneration / Body Corp Salary: $57,392Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: NoResort One : Beautifully Renovated 2 x Bedroom, 1 Bathroom Apartment, 1 car space.
Resort Two : Beautifully Renovated 1 x Bedroom, 1 Bathroom ,1 car space
Complex Information
Complex Type: HolidayStar Rating: 4Total Units in Complex: 30Total Units in Letting Pool: 30Manager Units: 2Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesBBQ Area: YesWIFI: Yes
Key Investment Insights
1. Two boutique resorts sold together in Byron Bay, offering a combined operation and revenue stream.
2. Asking price $4,886,350, reported net profit $569,431, implying an approximate pre-tax return of about 11.6%.
3. Over $100,000 of additional income noted, not included in the provided P&L, enhancing upside.
4. No requirement to live onsite, minimal caretaking duties, described as easy to operate under management.
5. Both manager units are currently in the holiday rental pool, increasing revenue potential from those units.
6. Manager accommodation details include an office on title and a managers unit specification listed as 3 bedrooms, 2 bathrooms and 2 car spaces; separate resort listings describe a renovated 2-bedroom unit and a renovated 1-bedroom unit.
7. Body corporate remuneration $57,392,
