1-5 Beach Street, Forster, New South Wales
MAGIC MID NORTH COAST NSW MANAGEMENT RIGHTS
Perfectly situated in the heart of Forster, this premium beachfront holiday accommodation property offers a unique business/lifestyle opportunity.
Situated 3 hours north of Sydney, Forster is their playground and Beaches International is Forster's number 1 choice for holiday makers.
Positioned within a short stroll to everything you need from the north facing patrolled beach, cafes, retail shops and restaurants.
- Simplicity and ease of operation
- Consistent net profit verified by industry accountant
- 22 apartments all with ocean views, 19 in letting pool
- No outside letting agents
- 2 bedroom, 2.5 bathroom Managers apartment with a large wrap balcony
- Office/reception on title and conveniently attached to Managers apartment
- Property includes large outdoor pool, spa and BBQ area. Gym with pool view
- Supportive Owners Corporation
- Evidence of bi-annual contract top-ups with Owners Corporation
- First time offered in 20 years
Living and working in Forster doesn't get much better than this! Don't miss your opportunity to be a part of the coming domestic tourism boom.
Net Profit: $411,900 Remuneration / Body Corp Salary: $56,980Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $900,000Bedrooms: 2Bathrooms: 3Car Spaces: 1Office: Exclusive Use
Complex InformationComplex Type: HolidayTotal Units in Complex: 23Total Units in Letting Pool: 19Holiday Units: 19Owner Occupy Units: 1Lockup Units: 2Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8.5 yearsPool: YesSpa: Yes