Come and live in the beautiful Rainbow Bay with a short 2 minute walk to the beach (one block) from your very own 2 bedroom/2 bathroom apartment. This successful and "steady" complex has an income of just over $124K. Repeat guests and the biggest 3 months they have ever had, it seems everyone wants to stay in Rainbow Bay. Walking distance to cafes and Coolie and Point danger. Rainbow Bay has a sense of community and all managers get together and help each other out. Lots of repeat guests and new, it has a very steady flowing income.
Current Managers are selling needing the flexibility to travel back and forth to NZ. The complex is set in a quiet little community in the heart of Rainbow Bay. No office hours required. They have been slightly affected by Covid but you can grow the business.
Come and check it out !! Kerrie Lush ---------- or email ----------
Property Summary
Business Snapshot
Price: $1,246,000Net Profit: $124,210Remuneration / Body Corp Salary: $49,417
Managers Unit
Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title
Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 36Total Units in Letting Pool: 18Holiday Units: 18Outside Agent Units: 3Agreement Term Remaining: 22 years
