Cabarita Beach, New South Wales

Exclusive - Beachfront at Australia’s No.1 Beach 2020 - ID 7997

$1,317,315

Business Description

Mixed Management Rights For Sale

Accommodation Business

Ideally located midway between the Coolangatta International Airport & Byron Bay is this beachside accommodation business awaiting new owners. With all the structures in place to ensure a smooth changeover this business is ideal for first time accommodation operators or an experienced couple looking to maximise their seaside lifestyle.

Main features include:

- Renovated ground floor 2 bed managers apartment with 2 balconies

- Onsite - low maintenance grounds, gardens, pool & BBQ

- 9 onsite holiday rental properties & 4 permanently rented units

- Opposite your choice of 3 beaches

- Leisurely walk to restaurants, shops etc

- 7 mins drive to new Tweed Coast Hospital & specialist medical centre

The Tweed Coast is seeing both increased tourism numbers and capital growth outstripping the Gold Coast. On offer is a fantastic business model opposite the beach with further growth potential. Whilst the income onsite in the building is good, adding the externally let holiday properties make this a very enticing business with a fantastic return on investment. The main clientele are couples on short drive weekend getaways and families on holidays. Call now as beachside lifestyles like this are hard to find!

Net Profit: $174,105
Asking Price: $1,317,315
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this NSW business opportunity contact:

Exclusive Management Rights Broker
Tony Johnson

Property Code: 734

Business Summary

Business Snapshot

Price: $1,317,315 Net Profit: $174,105 Remuneration / Body Corp Salary: $62,000

Managers Unit

Value of Managers Apartment: $795,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: On Title
Fully renovated ground floor apartment with attached office, 2 bedrooms with built in wardrobes, large balcony off the main bedroom, Large bathroom with separate toilet, good storage in the kitchen, living area opens onto front balcony, 1 secure underground car park and loads of on title and exclusive use storage areas

Complex Information

Complex Type: MixedTotal Units in Complex: 33Total Units in Letting Pool: 13Owner Occupy Units: 11Outside Agent Units: 6Manager Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes
Marketing Agent

Key Investment Insights

Key Insights:

1. Prime location: The business is located in a highly sought-after area, midway between the Coolangatta International Airport and Byron Bay. This location is known for its beautiful beaches and attracts a large number of tourists.

2. Smooth changeover: The business has all the structures in place to ensure a smooth changeover for new owners. This makes it an ideal opportunity for first-time accommodation operators or an experienced couple looking to maximize their seaside lifestyle.

3. Renovated managers apartment: The ground floor 2 bed managers apartment has been recently renovated and features 2 balconies. This provides a comfortable living space for the managers and adds value to the overall business.

4. Low maintenance grounds: The onsite grounds, gardens, pool, and BBQ area are all low maintenance, making it easier for the managers to maintain and reducing operational costs.

5. Mix of holiday rental and permanent units: The business has a mix of 9 holiday rental properties and 4 permanently rented units. This provides a steady stream of income throughout the year.

6. Proximity to beaches and amenities: The business is located opposite 3 beaches and is within walking distance to restaurants, shops, and other amenities. This makes it an attractive option for tourists and families.

7. Growth potential: The Tweed Coast is experiencing increased tourism and capital growth, making it a prime location for investment. The business has further growth potential, especially with the addition of externally let holiday properties.

8. Target clientele: The main clientele for the business are couples on short drive weekend getaways and families on holidays. This provides a stable and consistent customer base.

9. Net profit and asking price: The business has a net profit of $174,105 and is being offered for sale at $1,317,315, which includes the manager's real estate. This represents a good return on investment for potential buyers.

10. Fully renovated managers apartment: The managers apartment has been fully renovated and features 2 bedrooms

Management Rights Multiplier: 3.00
ROI Estimate: 33.33%

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