Port Macquarie, New South Wales
Port Macquarie - Holiday - Sold & Settled - ID 8088
SOLD
Business Description
Mid North Coast
- Unique Management Rights opportunity
- Currently run under management
- Agreements topped up to 10 years caretaking and 25 year letting
- Consistent occupancy, over 80%
- Zoned for short term letting only
- 100% of apartments in the letting pool
- Top award winning hotel for the area
- New furniture packs for all apartments
- Seven levels with basement parking and roof top entertaining area
- Check in counter, office and reception area all on title
- Review - "Perfect location, wonderful facilities, clean and comfortable rooms"
The manager's residence is a two bedroom apartment with bathroom and ensuite, courtyard, storage areas and a multi-purpose room in the lower basement with 2 car parking spaces.
Net Profit: $669,951
Asking Price: $4,350,000
(Inclusive of manager's real estate)
For further information or to arrange an inspection of this NSW Management Rights business for sale contact:
Exclusive Management Rights Broker
Phil Trimble
Property Code: 648
Business Summary
Key Investment Insights
1. Unique Management Rights opportunity with long-term agreements in place.
2. Currently run under management, providing potential for increased profits with hands-on management.
3. Consistent high occupancy rate of over 80%.
4. Zoned for short term letting only, ensuring a steady stream of guests.
5. All apartments in the letting pool, providing a steady income stream.
6. Top award winning hotel in the area, attracting a loyal customer base.
7. New furniture packs for all apartments, ensuring a modern and comfortable experience for guests.
8. Seven levels with basement parking and a rooftop entertaining area, providing additional amenities for guests.
9. Check-in counter, office, and reception area all on title, making management and operations more efficient.
10. Manager's residence is a spacious two-bedroom apartment with additional storage areas and parking spaces.
11. Net profit of $669,951, providing a strong return on investment.
12. Asking price of $4,350,000, inclusive of manager's real estate.
13. Exclusive Management Rights Broker, Phil Trimble, available for further information and inspection arrangements.
