Old Bar, New South Wales

Business For Sale - Rare Beach Frontage and Huge Manager's Salary - ID 8781 BL

$1,795,000

Property Description

- NSW Management Rights For Sale
- Renovated Complex Set Up For Secure Domestic Growth
- Beach Lifestyle to Boot!
- Holiday management rights for sale
- Set on 100m of private absolute surf beachfront
- 31 of 41 units currently in the letting pool
- Unrivaled high end caretakers remuneration
- Caretaking and letting agreements topped up every second year at AGM subject to performance
- 10 hours only of compulsory office hours. 10am - 12 pm
- Owners heavily investing in apartment renovations
- First class resort style facilities - hug solar heated pool, recreation room and BBQ area
- Beautifully appointed & renovated manager's real estate and office
- Recent trade spike due to domestic travel boom
- The business has experienced a 15% growth on top of the verified net operating profit
- A perfect business and sea change lifestyle opportunity to escape the corporate lifestyle whilst maintaining a corporate base salary. Complete with genuine ocean sounds around the clock. Current owners have set this business up for a seamless transition for the new owners to benefit from every possible angle.

Net Profit: $360,000
Asking Price: $1,795,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this NSW management right business opportunity contact:

Management Rights Broker
James Carrick

Property Summary

Business Snapshot

Price: $1,795,000 Net Profit: $360,000 Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $355,000Bedrooms: 2Bathrooms: 2Car Spaces: 1
Renovated to a high standard, the manager’s residence offers two bedrooms, two bathrooms, air-conditioning and single car accommodation. Commercial LG washer & dryer are located in the cupboard off the kitchen/dining.

Complex Information

Complex Type: HolidayTotal Units in Complex: 41Total Units in Letting Pool: 31Holiday Units: 31Owner Occupy Units: 2Outside Agent Units: 3Lockup Units: 4Manager Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: YesSpa: YesBBQ Area: YesPay TV: Yes
Marketing Agent
James Carrick
James Carrick

Listing location
Gallery

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