Forster, New South Wales
Under Contract - Management Rights For Sale - ID 9118
Under Contract / Offer
Business Description
NSW Holiday Management Rights for Sale
Rare One In A Lifetime Location
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, supported by financials from a reputable industry accountant and strong management agreements backed by Body Corporate.
- Modern Manager's Residence: A contemporary 2-bedroom, 2.5-bath apartment with a sweeping wrap-around balcony and direct access to on-site facilities.
- Systemised & Low Workload: A very easy-to-run business with streamlined systems in place, ideal for experienced or first-time operators.
- Wealth Generation Opportunity: Excellent scope to build equity and income in a growing tourism hotspot.
- Fantastic Lifestyle: Live and work in a stunning coastal location with all the lifestyle benefits Forster has to offer.
- Best Business in Forster: Rarely available, highly regarded business in one of NSW’s most desirable beachside towns.
- 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: $441,849 (31 January 2025)
Asking Price: $2,540,000
(Inclusive of manager's real estate value at $1,000,000)
For further information or to arrange an inspection of this management rights business for sale contact:
Management Rights Broker
Michael Philpott
Property Code: 1030
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $414,849 Remuneration / Body Corp Salary: $62,108Business Value: $1,540,000
Managers Unit
Value of Managers Apartment: $1,000,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitleTwo-bedroom, two-bathroom, ground level apartment with one car space.
Complex Information
Complex Type: HolidayTotal Units in Complex: 23Total Units in Letting Pool: 20Owner Occupy Units: 1Lockup Units: 1Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesGym: Yes
Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime beachside position overlooking Forster’s Main Beach, within a popular Mid North Coast coastal destination.
2. The holiday complex comprises 23 self contained apartments, with 20 units in the letting pool.
3. Reported net profit of $414,849, plus $62,108 remuneration or Body Corporate salary.
4. Management agreements have a 10 year remaining term under the standard agreement module.
5. A contemporary two bedroom, two bathroom manager’s apartment includes a wraparound balcony and one car space.
6. On title office and manager’s residence provide dedicated operational infrastructure within the complex.
7. On site pool, spa and gym enhance the accommodation offering and resident amenities.
8. Systemised operations and a stated low workload may suit experienced or first time operators.
Management Rights Multiplier: 3.71
ROI Estimate: 16.33%
