Forster, New South Wales

Luxury Mid North Coast Accommodation Business $605k NET PROFIT - 1P4949MR

Management Rights $3,000,000

Property Description

CRE Brokers are proud to be appointed to present this magnificent Mid North Coast Management Rights property.

Excellent location in the heart of town centre with wonderful views of the lake, CBD and ocean.

37 Luxury Apartments, with 32 in the letting pool

. 2 bedroom/2 bathroom modern Manager's residence
. Outstanding relationships with the Body Corporate and owners

$605,618 NET PROFIT for 2020/21

Manager's Unit Price: $600,000
Business Price : $2,400,000
Total Asking Price: $3,000,000

Property Summary

Business Snapshot

Price: Management Rights $3,000,000 Net Profit: $605,618 Remuneration / Body Corp Salary: $65,865Body corp salary review: Other

Managers Unit

Value of Managers Apartment: $600,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No

Complex Information

Complex Type: HolidayStar Rating: 5Total Units in Complex: 37Total Units in Letting Pool: 32Holiday Units: 32Owner Occupy Units: 1Lockup Units: 3Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesPay TV: YesWIFI: YesFunction Facilities: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - Central Coast/Hunter
Marketing Agent
Darren Leaney
Darren Leaney

Listing location
Gallery

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