Coffs Harbour, New South Wales

MANAGEMENT RIGHTS BUSINESS COFFS COAST - EXCELLENT NET PROFIT

SOLD

Business Description

Currently experiencing exponential growth in tourism and infrastructure projects, Coffs Harbour is one of the fastest growing and dynamic areas within NSW. As one of Australia’s most well known holiday destinations, Coffs Harbour provides an outstanding mix of opportunities for new investment and business expansion.

Perfectly positioned 100 metres from the popular Park Beach and close to the shopping precinct, clubs, restaurants and cafes Tradewinds Apartments is in the heart of the beautiful Coffs Coast. For anyone looking for a sea change the business offers the best of both worlds with a great net income and idyllic coastal lifestyle.

The building consists of a total of 30 apartments, 11 of which are in the letting pool. To compliment this great business is a ground floor 2-bedroom 1 bathroom unit with a lovely grassed courtyard perfect for entertaining.

Easy to operate and currently run by a husband and wife team all systems are in place for new owners to easily transition and start running this fantastic lifestyle business.

- Great Location

- Net Profit Circa $137,113

- High Growth Area

- Fantastic Lifestyle

Call now to inspect

Property Code: 1177

Business Summary

Business Snapshot

Price: SOLD Net Profit: $137,113 Remuneration / Body Corp Salary: $50,803Business Value: $550,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $675,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: Exclusive UsePets OK: Yes

ground floor 2-bedroom 1 bathroom unit with a lovely grassed courtyard perfect for entertaining

Complex Information

Complex Type: MixedTotal Units in Complex: 30Total Units in Letting Pool: 16Owner Occupy Units: 11Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. The business is located in the popular holiday destination of Coffs Harbour, which is currently experiencing exponential growth in tourism and infrastructure projects.

2. The business is in a prime location, only 100 metres from the popular Park Beach and close to the shopping precinct, clubs, restaurants and cafes.

3. The building consists of 30 apartments, 11 of which are in the letting pool, providing a steady stream of income for the business.

4. The net profit for the business is currently around $137,113, making it a highly profitable venture.

5. The area is a high growth area, providing opportunities for new investment and business expansion.

6. The business offers a fantastic lifestyle, with the opportunity for a sea change and an idyllic coastal lifestyle.

7. The business is easy to operate and is currently run by a husband and wife team, with all systems in place for new owners to easily transition and start running the business.

8. The managers unit is a ground floor 2-bedroom, 1 bathroom unit with a lovely grassed courtyard, perfect for entertaining.

9. The complex is a mixed type, with a total of 30 units, 16 of which are in the letting pool, providing a diverse range of income streams.

10. The complex offers amenities such as a pool, BBQ area, and WIFI, making it an attractive option for holidaymakers.

Management Rights Multiplier: 4.01
ROI Estimate: 11.19%