1-7 Ocean View Avenue, Merimbula, New South Wales

Merimbula Management Rights Holiday Apartments - 1P5014MR

Management Rights $950,000

Property Description

EXCLUSIVE TO CRE BROKERS

Pacific Heights Holiday Apartments, a rare Management Rights opportunity located in Merimbula, the Jewel of the popular Sapphire Coast NSW.

Low maintenance yard, large outdoor barbeque area alongside a 13m x 5m wide heated all year round swimming pool with views to die for.

The complex is ideally located within walking distance of restaurants, hotel, hair and beauty salons, large supermarket, bakeries, fast food and fishing supply shops.

A guaranteed income per year, this is your chance to capture a growth market. The benefits of working from home could be yours.

TOTAL NUMBER OF UNITS: 29
UNITS IN LETTING POOL: 12 (8 Owner Occupied) plus in the letting pool the beautifully restored Munns Tower House
MANAGER'S RESIDENCE: 3 Bedroom, 3 Bathroom (recently renovated with bathroom & kitchen upgrades)

Total income over three years in excess of 150K per year.
Unit Price: $450,000
Business Price: $500,000
Total Asking Price: $950,000

Contact Adam Sutton at CRE Brokers today to arrange an inspection.
You will not be disappointed!

Property Summary

Managers Unit

Complex Information

Total Units in Complex: 0

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - South Coast
Marketing Agent
Listing location
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