Cabarita Beach, New South Wales
Exclusive - Beachfront at Australia’s No.1 Beach 2020 - ID 7997
$1,345,000
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
- 11 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
- 13 offsite holiday rental properties - all within 10 mins drive
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: $170,000
Asking Price: $1,345,000
(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: $1,345,000
Net Profit: $190,000 Remuneration / Body Corp Salary: $57,427
Managers Unit
Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: On TitleFully 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: 28Owner Occupy Units: 13Outside Agent Units: 4Manager Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes
Key Investment Insights
Key Insights:
1. Prime location: The business is located in an ideal spot, midway between the Coolangatta International Airport and Byron Bay, making it easily accessible for tourists.
2. Established structures: The business has all the necessary structures in place for a smooth changeover, making it appealing for first-time accommodation operators or experienced couples.
3. Renovated manager's apartment: The ground floor 2-bedroom manager's apartment has been recently renovated and features 2 balconies, making it a comfortable and attractive living space.
4. Low maintenance grounds: The onsite grounds, gardens, pool, and BBQ area require minimal maintenance, making it easier for the new owners to manage.
5. Mix of holiday and permanent rentals: The business has a mix of 11 onsite holiday rental properties and 4 permanently rented units, providing a steady stream of income.
6. Proximity to beaches and amenities: The business is located opposite 3 beaches and within walking distance to restaurants, shops, and other amenities, making it an attractive option for tourists.
7. Growth potential: The Tweed Coast is experiencing increased tourism and capital growth, providing potential for further growth for the business.
8. Diverse clientele: The business caters to couples on short weekend getaways and families on holidays, providing a diverse and stable customer base.
9. High return on investment: With a net profit of $170,000 and an asking price of $1,345,000, the business offers a fantastic return on investment.
10. Manager's unit: The manager's unit is a fully renovated ground floor apartment with 2 bedrooms, an attached office, and ample storage space.
11. Mixed complex: The complex has a mix of 33 units, with 28 in the letting pool, 13 owner-occupied, and 4 managed by outside agents.
12. Long-term agreement: The business has a 10-year agreement term remaining, providing stability for the new owners.
13. Onsite
