Merimbula, New South Wales

Business For Sale - Wow Factor in Beautiful Merimbula - ID 7827 BL

$1,998,000

Property Description

NSW Management Rights For Sale
Waterviews from Every Apartment

- Premier 4.5 star apartments on the waterfront
- 20 self contained apartments + 1 studio apartment
- Low maintenance grounds, heated pool and BBQ area
- Huge 2 bedroom, 2 bathroom manager's apartment with on title studio apartment
- No set hours in the agreements
- No permanent tenancies permitted
- Ideal business for a couple to work together
- Great work / life balance in an ideal sea change location

Merimbula is a beautiful coastal village half way between Sydney and Melbourne on the South Coast of NSW. It offers residents and tourists a magical place to relax, unwind and enjoy the waterways and beaches in the area. This business will offer a couple a wonderful lifestyle with the opportunity to earn a great living. What else could you ask for?

Enquire now as properties like this do not last long in todays market!

Net Profit: $318,479
Asking Price: $1,998,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this NSW Management Rights business for sale contact:

Exclusive Management Rights Broker
Tony Johnson

Property Summary

Business Snapshot

Price: $1,998,000 Net Profit: $318,479 Remuneration / Body Corp Salary: $46,522Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $885,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title
A great place to call home, Open plan design, 2 bedrooms, 2 bathrooms, Air conditioned, Security, Stunning ocean views, Direct access to reception, Balcony and car space, Also on title is an income producing studio apartment

Complex Information

Complex Type: HolidayTotal Units in Complex: 21Total Units in Letting Pool: 20Holiday Units: 20Manager Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Listing location
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