Boomerang Beach, New South Wales
Management Rights $3,300,000
Property Description
UNDER OFFER - 3 Hours from Sydney, 75 Beach Houses, Secure Letting Pool - 1P4071MR
Arguably one of the best Management Rights opportunities in NSW is now for sale.Since completion in 2006, this secure business has only changed hands once.
Prime beachside position, situated only 3 hours north of Sydney in the heart of The Great Lakes region. Award winning design by renowned Sydney Architect, this property has it all.
• A secure letting pool, restricting to Short Term accommodation only, NO permanent occupants permitted.
• Long 20 year agreements (QLD model)
• State of the art resort facilities you would expect in a 4.5 star resort.
• Restaurant/Bar & Function Centre, separately operated.
• 3 bedroom/2 bathroom Manager's Apartment, Reception and Management Centre, ALL on Managers title.
• Beside one of the most stunning beaches in NSW, renowned for great surf and swimming.
• Many options for children's schooling close by.
Caretaking Salary: $128,947 (adjusted annually to CPI)
Net Profit: $610,279
Managers Real Estate: $720,000
Business: $2,580,000
Property Summary
Business Snapshot
Price: Management Rights $3,300,000 Net Profit: $514,282 Remuneration / Body Corp Salary: $128,947Managers Unit
Value of Managers Apartment: $720,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitleAn airy open plan residence with an ensuite to the main bedroom and a north facing balcony. This gives the manager privacy while being able to view the entrance, pool and tennis court areas. 3 bedroom/2 bathroom Managers Apartment, Reception and Management Centre, ALL on Managers title.
Complex Information
Complex Type: HolidayTotal Units in Complex: 75Total Units in Letting Pool: 73Holiday Units: 73Outside Agent Units: 2Agreement Term: 20 yearsAgreement Term Remaining: 15 yearsOther Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - Central Coast/Hunter, C:NSW - North Coast
Listing Tools
This listing last updated: 11th March 2019
Property Map
Map Location ( get directions )
Boomerang Beach, New South Wales 2428 Exact map location not provided