Tweed Heads, New South Wales
OUTSTANDING LARGE PERMANENT MANAGEMENT RIGHTS - DREAM LOCATION - RARE OFFERING
Under Contract / Offer
Business Description
We are excited to present to the market this large permanent management rights complex in Tweed Heads. This region of the NSW Far North Coast and Southern Gold Coast is currently booming and we are offering a rare opportunity to secure a complex of this size in this fantastic location.
This is the first time the complex has been offered to the market in 16 years, with the current owners having established excellent systems and strong management relationships within the community. The business has a high net profit $669k, excellent OC salary $395k and has an allowance for a full-time gardener making the work load very manageable for a two-person team.
The business comes with a very nice 3-bedroom, 2-bathroom villa, which has been recently renovated to a high standard. The current owners live off site and this is a great option for the incoming owners to consider.
Complexes of this scale, in this highly sought after part of the world aren’t regularly offered to the market.
- Outstanding business
- Large complex 354 residences, 141 in the letting pool
- Full-time gardener costed into the P&L
- Choose to live off site
- One of the best locations in Northern NSW & Southern Gold Coast
- Attracts quality tenants
- Net profit $669,821
Location
Locations don’t get any better than this, situated in Tweed Heads right on the NSW & Queensland border just an 800m walk to the iconic Kirra Beach and its fabulous cafés and restaurants. Only 2.5km to the Gold Coast Airport and with easy access to the Pacific Motorway, Kirra Shores is perfectly situated to take advantage of the best that Tweed Heads and Coolangatta has to offer. This is a sought-after location attracting quality tenants.
Walk to world famous surfing beaches, watch a show at Club Twin Towns or enjoy the café and restaurant culture in the region, the choice is yours. This location offers a unique mix of city and coastal lifestyle.
For further information or to arrange an inspection, call me today.
Inspections by appointment only.
Property Code: 157
Business Summary
Business Snapshot
Price: Under Contract / Offer
Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: YesVery nice recently renovated 3-bedroom, 2-bathroom Villa. Open plan kitchen living, ducted air-conditioning throughout, rear covered entertaining area, 1 x lockup garage, 8.1kw solar and office/reception attached.
Complex Information
Complex Type: PermanentTotal Units in Complex: 354Total Units in Letting Pool: 141Owner Occupy Units: 186Outside Agent Units: 26Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesTennis Court: Yes
Key Investment Insights
1. Rare opportunity to secure a large permanent management rights complex in a highly sought-after location in Tweed Heads.
2. Business has been established for 16 years with excellent systems and strong management relationships within the community.
3. High net profit of $669k and a generous OC salary of $395k.
4. Full-time gardener included in the P&L, making the workload manageable for a two-person team.
5. Option to live off-site in a recently renovated 3-bedroom, 2-bathroom villa.
6. Complex has 354 residences, with 141 in the letting pool.
7. Located just 800m from Kirra Beach and its popular cafes and restaurants.
8. Easy access to the Gold Coast Airport and Pacific Motorway.
9. Unique mix of city and coastal lifestyle in a sought-after location attracting quality tenants.
10. Complex includes a pool and tennis court.
11. Agreement term of 10 years remaining.
12. Owner-occupied units make up 186 of the total 354 units in the complex.
13. Outside agent units make up 26 of the total units in the complex.
