Kings Beach anyone?
Centrally located this well-presented 7 level complex is in the ideal position to access the beach, shops, cafés and restaurants. Offering consistent long term repeat guests with the opportunity to grow further and take this business to the next level.
- Large and private 3 bed managers residence, ideal for the family or couple wanting space including double lock up basement garage with options to live off site if required.
- Large office attached and on title with no set office hours.
- Net income circa $119,000 using external cleaners ($156k including manager cleans)
- 14 of the 19 units in the letting pool plus one outside let.
- Kings Beach location with the majority of units having ocean view.
With the managers in their 17th year of operation they have decided it really is time for them to move on. This business is now ideally set up for a fresh approach with a new owner in this growing and popular Kings Beach area.
Net Profit: $119,600 Remuneration / Body Corp Salary: $33,000
Managers UnitValue of Managers Apartment: $540,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title
Large 3 bed with ensuite providing a private backyard area along with a double lock up basement garage and ideal storage. Large office attached on title with ideal storage areas also attached.
Complex InformationComplex Type: HolidayTotal Units in Complex: 19Total Units in Letting Pool: 14Holiday Units: 14Owner Occupy Units: 1Outside Agent Units: 1Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsSpa: Yes
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -