Port Macquarie, New South Wales

Rare four bedroom residence with no owner occupiers | Resort Brokers ID : MR007720

$1,150,000

Business Description

Oxley Cove Apartments comprises 26 high-standard holiday units set amongst beautiful, landscaped garden surrounds. Current operators have extensively replaced internal appliances and proactively refurbished apartments.

A supportive Body Corporate with no owner-occupiers makes this an environment and culture designed for production and equity.

- Consistent income, with huge potential for other existing revenue streams
- 26 out of 27 apartments in the letting pool
- 500 metres from town beach and local cafes
- Recent refurbished kitchens undertaken in apartments
- Spacious four bedroom residence, this is a rare opportunity for a lifestyle change
- Supportive Body Corporate with no owner occupiers
- Repeat business clientele withseasonal peaks
- Inspections by appointment only
Date updated: 03 Dec 2023 22:00:09

Business Summary

Business Snapshot

Price: $1,150,000 Net Profit: $163,466 Remuneration / Body Corp Salary: $46,656

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 4

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 27Total Units in Letting Pool: 26Holiday Units: 26Agreement Term Remaining: 8 years

Marketing Agent

Joshua Roberts

ResortBrokers

Key Investment Insights

1. Consistent income with potential for additional revenue streams.
2. Majority of units in the letting pool.
3. Close proximity to beach and local cafes.
4. Recently refurbished kitchens in apartments.
5. Spacious four bedroom residence included.
6. Supportive Body Corporate with no owner occupiers.
7. Repeat business clientele with seasonal peaks.
8. Inspection by appointment only.
9. Managers unit valued at $650,000.
10. Complex type is resort/holiday.
11. Total units in complex is 27.
12. Agreement term remaining is 8 years.

Management Rights Multiplier: 3.06
ROI Estimate: 32.69%