Port Macquarie, New South Wales

Business For Sale - Premium Port Macquarie Business - ID 7846 BL

$1,995,000

Property Description

NSW Management Rights For Sale
Ultimate Work / Life Balance - High Demand Growth Area

- Significant net profit of $280,000 with upside
- Modern complex with 29 in the holiday letting pool
- Located in the heartbeat of Port Macquarie's CBD and the town's Main Beach
- All key facilities catered for including heated pool, spas, sauna, viewing decks and multiple BBQ areas
- Risk free Body Corporate remuneration of $98,000
- Complete with topped up 10 year caretaking and letting agreements
- Unbelievably rare 3 bedroom, 3 bathroom manager's real estate offering

The perfect opportunity for a two person team or family dynamic to escape the city or head from the regions to the thriving coastal community that is Port Macquarie. Why pay millions for similar real estate in the city?

This is a genuine chance to locate to an accommodation market rapidly growing with rival comparison, the renowned Byron Bay Market.

Net Profit: $280,708
Asking Price: $1,995,000
(Inclusive of manager's real estate)

For further information or to arrange and inspection of this NSW Management Rights opportunity contact:

Management Rights Broker
Michael Philpott

Property Summary

Business Snapshot

Price: $1,995,000 Net Profit: $280,708 Remuneration / Body Corp Salary: $98,182Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive Use
Single level apartment, Located on the ground floor, Three bedrooms, Two bathrooms, Open plan living and dining, There is a requirement for the manager to live onsite

Complex Information

Complex Type: HolidayTotal Units in Complex: 57Total Units in Letting Pool: 29Holiday Units: 29Owner Occupy Units: 23Outside Agent Units: 3Lockup Units: 1Manager Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesBBQ Area: Yes
Marketing Agent
Michael Philpott
Michael Philpott

Listing location
Gallery

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