Forster, New South Wales

Management Rights $1,995,000

Property Description

Mid North Coast NSW 4 Star Management Rights - Iconic, Luxurious & Rare - 1P3736MR

CRE Brokers are proud to be appointed the Exclusive Marketing Agency for the Management Rights and Associated Real Estate of this Iconic Beachside Resort Complex. 15 years remaining on agreements.

. 4 Star Rated Resort comprising 27 luxurious apartments
. Rating 4.75/5
. Trip Advisor Rating 4.5/5
. Complex designed by renowned Sydney Architect
. Resort facilities include: Pool, Sauna & Full Size Tennis Court
. Luxurious Manager's apartment with ensuite
. Large reception and back office also on title
. Priced to sell
. Easy & convenient business whilst Living The Dream!!

Net Profit: $346,136
Managers Apartment & Reception: $540,000
Management Rights Business: $1,455,000
TOTAL PRICE: $1,995,000

Property Summary

Business Snapshot

Price: Management Rights $1,995,000 Net Profit: $346,136 Remuneration / Body Corp Salary: $45,185Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $540,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No
The spacious modern Manager’s residence of 104 sqm offers a well-appointed kitchen, open plan living, two bedrooms, ensuite to main, built-in robes, main bathroom and laundry. It is equipped with air conditioning, overhead fans, heating, security and a combination of carpet and tile flooring. Carpets, window coverings and paint have recently been replaced. Outside it features secure undercover parking, covered outdoor patio and large balcony (60 sqm). The residence is separate to reception and located on the first level.

Complex Information

Complex Type: HolidayStar Rating: 4Total Units in Complex: 27Total Units in Letting Pool: 23Holiday Units: 23Owner Occupy Units: 2Lockup Units: 2Manager Units: 1Agreement Module: StandardAgreement Term: 20 yearsAgreement Term Remaining: 15 yearsPool: YesSpa: YesSauna: YesTennis Court: YesBBQ Area: YesPay TV: YesWIFI: Yes

Other Features / Notes


Marketing Agent

Marketing Agency

CRE Brokers

Darren Leaney
CRE Brokers


Listing Tools

Property Map

Map Location ( get directions )

Forster, New South Wales 2428 Exact map location not provided

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