Forster, New South Wales

Business For Sale - Highly Profitable in Holiday Hotspot - ID 9022 H

$3,000,000

Property Description

NSW Management Rights For Sale
Premium Low Maintenance Complex - Forster NSW

- Modern highrise complex of 37 apartments (includes manager's real estate)
- Consistently 32 in the letting pool, 3 lock up and 1 owner occupier
- Impressive 3 years of accountant verified financial detail
- Maximum termed agreements on offer
- Generous Body Corporate remuneration securing income
- Central location, minutes from Main Beach with panoramic 360 degree views
- Recent refurbishments include internal and external paint throughout, extensively refurbished pool (resurfaced) and BBQ area, electric entrance doors, stenciled drive to car park and fully landscaped gardens
- In addition the complex retains an unrivalled capital works and administration fund (provided on application)
- Premium manager's residence to compliment this high performing business
- Vendors have calculated the business yield arguable under market with interest of an efficient sale

Perfectly positioned for a two person team to continue to grow this established business with significant income, work from home benefits and obvious beach lifestyle.

Net Profit: $605,618
Asking Price: $3,000,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this NSW Management Rights business opportunity contact:

Management Rights Broker
James Carrick

Property Summary

Managers Unit

Complex Information

Total Units in Complex: 0
Marketing Agent
James Carrick
James Carrick

Listing location
Gallery

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