Port Macquarie, New South Wales

Popular Port Macquarie Holiday Apartments Just 300 Metres from Town Beach - 1P4991MR

Management Rights $1,086,000

Property Description

CRE Brokers are proud to be appointed the exclusive agents for Oxley Cove Holiday Apartments in Port Macquarie on the Mid North Coast of NSW.

If you have visited Port Macquarie you will know this truly is the ultimate lifestyle opportunity as the complex is operated by 1 full time owner and casual staff, with flexible hours of operation. Conveniently located just 300 metres from Town Beach and a 5 minute walk to the vibrant Port Macquarie CBD .

There are 26 fully self-contained apartments in the letting pool with a choice of 1, 2 or 3 bedrooms.

Driving to Port Macquarie:

. Sydney - 4.5 hours
. Newcastle - 2.5 hours
. Gold Coast - 6 hours
. Tamworth - 3 hours

Rail or Air: TrainLink air-conditioned rail services and Qantas and Virgin Australia flights arriving daily.

TOTAL NUMBER OF UNITS : 27
UNITS IN LETTING POOL: 26
NET PROFIT: $142,048

REAL ESTATE PRICE : $450,000
BUSINESS PRICE: $636,000
TOTAL ASKING PRICE: $1,086,000

Property Summary

Business Snapshot

Price: Management Rights $1,086,000 Net Profit: $142,048 Remuneration / Body Corp Salary: $45,309Body corp salary review: Other

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 4Bathrooms: 1Car Spaces: 1Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 27Total Units in Letting Pool: 26Holiday Units: 26Lockup Units: 1Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: YesBBQ Area: YesWIFI: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - Central Coast/Hunter
Marketing Agent
Darren Leaney
Darren Leaney

Listing location
Gallery

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