Apartment 1 / 17 Golf Ave, Mollymook, New South Wales

Anticipated Net for 2018/2019 $230K

Great value at $1,285.000

Property Description

The management rights of The Cove Holiday Apartments are being offered for sale for the first time in 13 years.

This outstanding opportunity will enable you to live the lifestyle that you have always dreamed of.

Also included in the sale is this stunning two bedroom unit with ocean views.

Property highlights

This is an established business that can be easily be managed by a couple
Long agreement in-place for incoming managers
The current net is $170,000 for 8 rooms - Anticipated Net for 2018/2019 $230K
Ocean views from managers unit
No requirement to live on site - owners unit is now available to rent
Dog friendly (small)

This unit is zoned for permanent residency all other units in this complex are zoned for holiday letting

This unit has been independently valued by the Optima Property Group (licensed valuers) at $600,000 (unit only)



Please contact me direct for more details Mick Scott Lyall and Scott Property

Lyall and Scott Property your Mollymook Real Estate Agents

Property Summary

Business Snapshot

Price: Great value at $1,285.000 Net Profit: $170,000 Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $600,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: Exclusive UsePets OK: Yes
Stunning unit with ocean views

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 8Total Units in Letting Pool: 8Holiday Units: 8Owner Occupy Units: 1Manager Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 10 yearsSpa: Yes

Motel Information

Stars: 4.5

Hotel Information

Stars: 4.5Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Bed and Breakfast Information

Stars: 4.5Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Other Features / Notes

Busy location, high occupancy rate, can be managed by a couple,
Marketing Agent
Lyall And Scott Property

Lyall And Scott Property

Listing location
Gallery

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