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