Victoria

A Victorian Coastal Dream Property - ID 9136

$1,890,000

Business Description

Victorian Management Rights for Sale
Work And Play in One of Victoria’s Premier Locations

- Strategically located between two of Australia’s top 25 golf courses

- A total of 38 well-appointed units

- Strong management agreements

- Offering high quality facilities – The complex features 2 bedroom apartments and a conference centre Approximately 536 sqm in total, complemented by on-site management, swimming pool, gymnasium, spa, recreational area, landscaped gardens and visitor car parking.

- The complex and strata lots are approved for short term accommodation only and do not allow for permanent residential occupation.

- Kitchen/Bar/Dining/Amenities/Lounge approximately 364sqm

- Conference Room approximately 103 sqm

- Day Spa approximately 69 sqm

- Manager occupies a number of common property areas for incidental purposes such as garbage collection, storage, etc, for the purpose of managing the complex

- High net profit, steady income and long-term lease in place

Net Profit: $407,209 (30/6/2025)
Total Asking Price: $1,890,000

Management Rights Broker
Michael Philpott

Property Code: 1139

Business Summary

Business Snapshot

Price: $1,890,000 Net Profit: $407,209 Remuneration / Body Corp Salary: $62,368Business Value: $1,890,000

Managers Unit

No residence required to be purchased with this business

Complex Information

Complex Type: HolidayTotal Units in Complex: 38Total Units in Letting Pool: 31Owner Occupy Units: 7Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 11 yearsPool: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Michael Philpott

1300 9....

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net profit of $407,209 for the year ended 30 June 2025, with an asking price of $1,890,000.
2. Strong management agreements include 11 years remaining on a 25 year accommodation agreement.
3. No residence purchase is required, providing operational flexibility for the incoming manager.
4. The complex comprises 38 units, including 31 in the letting pool and seven owner occupied units.
5. Facilities include a swimming pool, gymnasium, spa, tennis court, BBQ area, recreational spaces and landscaped gardens.
6. Approximately 536 square metres of facilities include a conference centre, lounge, kitchen, bar, dining area and amenities.
7. Located between two of Australia’s top 25 golf courses in a premier Victorian coastal location.
8. Short term accommodation approval aligns the complex with its holiday management rights operating model.