Ballina, New South Wales
$2,498,000
Property Description
Incredible 16% ROI with sweeping Ocean views of Ballina! | Resort Brokers ID : MR005927
This thriving holiday business is looking for new operators to take it to the next level. Situated only minutes to the beach with a solid letting pool and easy to manage resort facilities, this is a true sea change business opportunity!
- Prime elevated location with incredible ocean views
- $418K Net Profit
- Topped up 10-year agreements
- Great Body Corporate relationship
- Can have nominee reside onsite
- Easy to maintain resort facilities
- Separate large office/reception area on title
- No set office hours
- Property inspections are by appointment only
Date updated: 14 Jan 2020 23:00:06
Virtual Tour:Grandview Apartments Ballina
Property Summary
Business Snapshot
Price: $2,498,000 Net Profit: $418,608 Remuneration / Body Corp Salary: $74,287Managers Unit
Value of Managers Apartment: $575,000Bedrooms: 2Bathrooms: 2Office: On TitleComplex Information
Complex Type: Resort / HolidayTotal Units in Complex: 41Total Units in Letting Pool: 24Holiday Units: 24Owner Occupy Units: 11Outside Agent Units: 5Agreement Term Remaining: 10 years
Listing Tools
This listing last updated: 15th January 2020
Property Map
Map Location ( get directions )
Ballina, New South Wales 2478 Exact map location not provided