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. This is a rare opportunity to secure a large permanent management rights complex in a highly sought after location in Tweed Heads.
2. The complex has been established for 16 years and has excellent systems and strong management relationships within the community.
3. The business has a high net profit of $669k and an excellent OC salary of $395k.
4. The workload is very manageable for a two-person team, with a full-time gardener included in the P&L.
5. The complex comes with a recently renovated 3-bedroom, 2-bathroom villa, providing a great option for off-site living.
6. The location is one of the best in Northern NSW and Southern Gold Coast, with easy access to the Pacific Motorway and only 800m from Kirra Beach.
7. The complex attracts quality tenants and has a mix of city and coastal lifestyle.
8. The complex has a total of 354 residences, with 141 in the letting pool and an additional 186 owner-occupied units.
9. The agreement module is standard with a 10-year term remaining.
10. The complex has additional amenities such as a pool and tennis court.
