NSW North Coast REGION

Exclusive - NSW Short Term Gem - ID 7913

$4,950,000

Business Description

NSW Holiday Management Rights For Sale
Overlooking the Water

- Located on the Mid North Coast, NSW

- Net Profit $768,000

- Body Corporate salary over $105,000

- Located in a sought after area

- No stamp duty on business purchase

- Hirum software

- Impressive 2 bedroom, air condtioned manager's residence

- Office is on a separate title and not attached to the residence

- Healthy sinking fund over $350,000

- Proactive and approachable Owners Corporation

- No requirement to live on site

Net Profit: $768,000
Asking Price: $4,950,000
(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: 828

Business Summary

Business Snapshot

Price: $4,950,000 Net Profit: $768,000 Remuneration / Body Corp Salary: $105,000

Managers Unit

Value of Managers Apartment: $1,080,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title
2 bedroom apartment, 2 bathrooms, large balcony, air conditioning, ceiling fams, security, office & reception on separate title

Complex Information

Complex Type: HolidayTotal Units in Letting Pool: 32Owner Occupy Units: 11Outside Agent Units: 11Manager Units: 1Agreement Term Remaining: 18 yearsPool: YesGym: YesGames Room: YesBBQ Area: YesWIFI: Yes
Marketing Agent

Key Investment Insights

1. Located on the Mid North Coast, NSW.
2. Net Profit of $768,000.
3. Body Corporate salary over $105,000.
4. Sought after location.
5. No stamp duty on business purchase.
6. Uses Hirum software.
7. Impressive 2 bedroom, air conditioned manager's residence.
8. Office is on a separate title and not attached to the residence.
9. Healthy sinking fund over $350,000.
10. Proactive and approachable Owners Corporation.
11. No requirement to live on site.
12. Manager's real estate is included in the asking price of $4,950,000.
13. Total of 32 units in the letting pool.
14. 11 owner occupied units and 11 outside agent units.
15. Complex includes a pool, gym, games room, BBQ area, and WIFI.

Management Rights Multiplier: 5.04
ROI Estimate: 19.84%

Listing location
Gallery

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