Yamba, New South Wales

Exclusive - Iconic Yamba Management Rights For Sale - ID 8635

$2,185,000

Business Description

Zoned Short Term Letting Only
Booming NSW Location

- Low risk business with no owner occupiers

- Perfect waterfront location

- 22 accommodation units and 3 x 3 bedroom apartments

- All resort units with uninterrupted Clarence River views

- NSW Agreements - 10 & 25 years

- Excellent upside for astute manager

- Note: No stamp duty on NSW Management Rights business

- Perfect two person operation

- 2 bedroom, 1.5 bathroom manager's residence with 2 car spaces, one carport covered

- Commercial kitchen, linen rooms (both floors), storerooms, laundry, tool shed

Visit the link below for further details:

https://www.mobydick.com.au/

Net Profit: $331,000
Asking Price: $2,185,000
(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: 774

Business Summary

Business Snapshot

Price: $2,185,000 Net Profit: $331,000 Remuneration / Body Corp Salary: $44,887

Managers Unit

Value of Managers Apartment: $700,000Bedrooms: 2Bathrooms: 1

2 bedroom, 1 bathroom and separate toilet, high ceilings, air-conditioning, ceiling fans, island bench in kitchen, unfurnished, including 2 car spaces on title one covered.

Complex Information

Complex Type: HolidayTotal Units in Complex: 29Total Units in Letting Pool: 25Owner Occupy Units: 1Manager Units: 1Pool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Phil Trimble

MR Sales

Key Investment Insights

- Low risk business with no owner occupiers, providing stability and security for the manager
- Perfect waterfront location, offering stunning views and a desirable holiday destination
- Large number of accommodation units (22) and 3 spacious apartments, providing a variety of options for guests
- All resort units have uninterrupted views of the Clarence River, adding to the appeal for potential guests
- Long agreements of 10 and 25 years, providing stability and potential for future growth
- Excellent upside potential for an astute manager to increase profits and improve the business
- No stamp duty on NSW Management Rights business, providing additional cost savings for potential buyers
- Perfect two person operation, allowing for a manageable workload and potential for a good work-life balance
- Spacious manager's residence with 2 bedrooms, 1.5 bathrooms, and 2 car spaces, providing comfortable living quarters for the managers
- Additional facilities such as a commercial kitchen, linen rooms, storerooms, laundry, and tool shed, providing convenience for the managers and guests.

Management Rights Multiplier: 4.49
ROI Estimate: 22.29%