Idyllic Mid North Coast Resort/Retreat - Management Rights - 1P4097MR
Live, Work and Play in the Most Idyllic Coastal Village on the NSW Mid North Coast of NSW.
The opportunity to purchase the management rights of the Retreat, along with 1 unit and 1 residence located at the Retreat.
• Management Rights of Retreat
• 2 bedroom unit with reception and communal room
• 4 bedroom residence with optional reception area
This property is well positioned and well supported by couples and families during weekend and short breaks and longer holidays periods due to Sydney being only a 3 hour drive and 1 ½ hours from Newcastle.
The Retreat provides guests with landscaped gardens, well maintained accommodation and facilities such as:
• Tennis Court
• Swimming Pool
• Heated Spa
• Adjoining Restaurant & Café
• Close to village shops and beach
Price: Management Rights $2,055,000
Net Profit: $260,000 Remuneration / Body Corp Salary: $119,987
Managers UnitValue of Managers Apartment: $950,000
The Manager's residence is the original renovated farm house and provides a comfortable 4 bedroom home and optional reception area. A 2 bedroom townhouse located above the reception area and clubhouse is also included in the sale. The townhouse is currently rented as a permanent residential and provides an extra income stream to the business.
Complex InformationComplex Type: HolidayTotal Units in Complex: 43Total Units in Letting Pool: 34Holiday Units: 34Agreement Term Remaining: 15 yearsPool: YesSpa: YesTennis Court: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - North Coast