Coffs Harbour, New South Wales

MANAGEMENT RIGHTS BUSINESS COFFS COAST - EXCELLENT NET PROFIT

$1,225,000

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: $1,225,000 Net Profit: $137,113 Body 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 a management rights business located in Coffs Harbour, a popular holiday destination in NSW.
2. The area is currently experiencing exponential growth in tourism and infrastructure projects, making it a prime location for investment and business expansion.
3. The business is perfectly positioned 100 metres from Park Beach and close to the shopping precinct, clubs, restaurants, and cafes.
4. The building has a total of 30 apartments, 11 of which are in the letting pool. There is also a ground floor 2-bedroom unit with a grassed courtyard for entertaining.
5. The business is currently run by a husband and wife team and is easy to operate.
6. The net profit for the business is approximately $137,113.
7. The complex has a mix of owner-occupied and rental units, with a total of 16 units in the letting pool.
8. The manager's unit is valued at $675,000 and has 2 bedrooms, 1 bathroom, and 1 car space.
9. The complex has a pool, BBQ area, and WIFI for guests to enjoy.
10. The agreement module is Accommodation and has a remaining term of 8 years.
11. The business offers a fantastic lifestyle opportunity for new owners.

Management Rights Multiplier: 4.01
ROI Estimate: 24.93%