Forster, New South Wales

Exclusive - Embrace Profitable Paradise - ID 9118

$2,400,000

Business Description

NSW Holiday Management Rights for Sale
Prime Investment Opportunity in Forster's Premier Holiday Destination

Discover the ultimate sea-change opportunity with this beachside Management Rights now for sale. Embrace a thriving business and lifestyle nestled on Forster's picturesque Mid North Coast.

Prime Location: Overlook Forster's Main Beach from this remarkable 10-story holiday accommodation property, just an hour from Port Macquarie and 3 hours from Sydney.

Profitable Portfolio: 23 deluxe self-contained apartments with captivating ocean views and a solid letting pool of 20 units, ensuring control and profitability.

Proven Returns: Enjoy consistent Net Profit and growth, reinforced by a reputable industry accountant, with strong body corporate supported management agreements.

Modern Manager's Residence: Your sanctuary awaits a contemporary 2-bed, 2.5-bath apartment featuring a sweeping wrap-around balcony and seamless access to on-site facilities.

Unmissable Investment: Capitalise on the surge in domestic tourism and secure your slice of Forster's thriving real estate market.

With its idyllic location between Sydney, Tamworth, and Port Macquarie, Forster offers a perfect blend of tranquility and convenience. Visitors and residents alike are drawn to its vibrant community, diverse dining scene, and array of water-based activities, including surfing, fishing, and dolphin watching.

Net Profit: $350,000 (Provided by Vendor)

Total Asking Price: $2,400,000

(Inclusive of manager's real estate)

For further information or to arrange an inspection of this management rights business for sale contact:

Exclusive Management Rights Broker

Michael Philpott

Property Code: 745

Business Summary

Business Snapshot

Price: $2,400,000 Net Profit: $350,000 Remuneration / Body Corp Salary: $66,458

Managers Unit

Value of Managers Apartment: $950,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title
Ground floor apartment with full-size kitchen, two bedrooms, two bathrooms, a powder room and underground parking.

Complex Information

Complex Type: HolidayTotal Units in Complex: 23Total Units in Letting Pool: 20Owner Occupy Units: 1Lockup Units: 1Manager Units: 1Agreement Term: 10 yearsPool: YesSpa: YesGym: YesBBQ Area: Yes
Marketing Agent
Michael Philpott
Michael Philpott

Key Investment Insights

1. Prime location overlooking Forster's Main Beach, just an hour from Port Macquarie and 3 hours from Sydney.
2. Profitable portfolio with 23 deluxe self-contained apartments and a solid letting pool of 20 units.
3. Consistent net profit and growth, supported by a reputable industry accountant and strong body corporate management agreements.
4. Modern manager's residence with 2 bedrooms, 2.5 bathrooms, and a sweeping wrap-around balcony.
5. Opportunity to capitalize on the surge in domestic tourism and secure a slice of Forster's thriving real estate market.
6. Idyllic location between Sydney, Tamworth, and Port Macquarie, offering a perfect blend of tranquility and convenience.
7. Vibrant community, diverse dining scene, and array of water-based activities, including surfing, fishing, and dolphin watching.
8. Net profit of $350,000 (provided by vendor).
9. Total asking price of $2,400,000, inclusive of manager's real estate.
10. Ground floor manager's apartment with full-size kitchen, underground parking, and office on title.
11. Holiday complex with 23 units, including 20 in the letting pool, 1 owner-occupied unit, and 1 lockup unit.
12. 10-year agreement term and on-site amenities such as a pool, spa, gym, and BBQ area.

Management Rights Multiplier: 4.14
ROI Estimate: 24.14%

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