Ballina, New South Wales

$2,498,000

Property Description

Business For Sale - Seachange Complex with Growing Profits - ID 8545 H

- Majestic Views of Pacific Ocean and River
- NSW Management Rights For Sale
- Outstanding opportunity with almost 17% ROI and room to grow
- 24 apartments in the letting pool
- Ground floor manager's unit with private outdoor space
- Large on title office and reception
- Low maintenance grounds, pool, spa and gym
- No set hours in the agreements
- Recently restored to as new' glory, the complex of 41 units offers very strong returns with the potential for upside in the booming Ballina/Byron Bay corridor. The building has had a full makeover with new improved exterior, central air-conditioning system refurbishment and the lift upgrade has been paid for and is booked in. With all the groundwork done, the new owner will have the freedom and product to build on the complex's growing reputation and bottom line. As a business opportunity this represents the best of all worlds with great position, lifestyle, Owners Corporation, building and return on investment.

This must see property is ideal for either people looking for an upmarket seachange business or someone looking to expand their portfolio in the blue chip marketplace!

Net Profit: $418,608
Asking Price: $2,498,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this NSW management rights business for sale contact:

Listing Management Rights Broker
Tony Johnson

Property Summary

Business Snapshot

Price: $2,498,000 Remuneration / Body Corp Salary: $74,287Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $575,000Bedrooms: 2Bathrooms: 2Car Spaces: 4Office: On TitlePets OK: Yes
Ground floor apartment, Two bedrooms, Two ensuited bathrooms, Open plan design, Private covered balcony, Ducted air conditioning, Separate laundry, Plenty of storage

Complex Information

Complex Type: HolidayTotal Units in Complex: 41Total Units in Letting Pool: 27Holiday Units: 24Permanent Units: 3Owner Occupy Units: 11Outside Agent Units: 5Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: YesSpa: YesGym: YesPay TV: YesWIFI: Yes

Marketing Agent


Marketing Agency

MR Sales

Tony Johnson
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Ballina, New South Wales 2478 Exact map location not provided

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