Cabarita Beach, New South Wales

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:

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

Tony Johnson

MR Sales

Key Investment Insights

Key Insights:
- Mixed management rights for sale in a beachfront location at Australia's No.1 beach in 2020.
- Ideal for first-time accommodation operators or experienced couples looking for a seaside lifestyle.
- Renovated ground floor 2 bed manager's apartment with 2 balconies.
- Onsite facilities include low maintenance grounds, gardens, pool, and BBQ area.
- 9 holiday rental properties and 4 permanently rented units.
- Located opposite 3 beaches and within walking distance to restaurants and shops.
- 7 minutes drive to the new Tweed Coast Hospital and specialist medical center.
- The Tweed Coast is experiencing increased tourism numbers and capital growth.
- Potential for further growth by adding externally let holiday properties.
- Main clientele are couples on short drive weekend getaways and families on holidays.
- Net profit of $174,105 and asking price of $1,317,315 (inclusive of manager's real estate).
- Manager's apartment valued at $795,000 with 2 bedrooms, 1 bathroom, and 2 car spaces.
- Complex type is mixed with a total of 33 units, 13 in the letting pool, and 11 owner-occupied units.
- 10-year agreement term with 10 years remaining.
- Onsite facilities include a pool, spa, BBQ area, and WIFI.

Management Rights Multiplier: 3.00
ROI Estimate: 33.33%