Key Investment Insights
- Management Rights business for sale, not freehold property
- NSW Real Estate License is required to operate the business
- Boutique waterfront apartment complex with 21 units
- Low maintenance grounds, heated saltwater pool, and communal BBQ area
- All apartments in short-term rental pool, no onsite owners
- Large 2 bedroom, 2 bath managers apartment
- Income-producing separate studio apartment on title for manager
- Supportive committee and owners
- New 10-year agreement
- Stable business through COVID and beyond
- Ideal for a couple seeking a lifestyle change and working from home
- Easy to maintain and operate with no set hours
- Full onsite training and assistance in obtaining license available
- Direct flights from Sydney and Melbourne, ensuring strong tourism for years to come
- Real estate independently evaluated between $1.25M and $1.35M in 2024
- Net profit of $330,000
- Reduced asking price of $1,899,999 (includes manager's real estate)
- Manager's apartment valued at $1,170,000
- 2 bedrooms, 2 bathrooms, 1 car space, and an office on title
- Apartment equipped with air conditioning, security, and stunning ocean views
- Pets allowed in the residence
- Complex type is holiday accommodation
- All 21 units in the complex are in the letting pool
- 10-year agreement with 10 years remaining
- Amenities include a pool, BBQ area, pay TV, and WIFI.
Management Rights Multiplier: 2.21
ROI Estimate: 45.21%