1-5 Beach Street, Forster, New South Wales

MAGIC MID NORTH COAST NSW MANAGEMENT RIGHTS

$2,750,000

Property Description

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.

Property Summary

Business Snapshot

Price: $2,750,000 Net Profit: $411,900 Remuneration / Body Corp Salary: $56,980Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 2Bathrooms: 3Car Spaces: 1Office: Exclusive Use

Complex Information

Complex 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
Marketing Agent
Greg Randall
Greg Randall

Beaches International

Beaches International

Listing location
Gallery

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