Mid North Coast Management Rights - 3 hours from Sydney - 1P4123MR
EXCLUSIVE TO CRE BROKERS
This is a unique opportunity, with all rooms being strata title and individually owned and then managed by onsite managers under a management right agreement.
To allow the managers to operate the business with ease a Trust Sinking Fund is held for the managers to complete repairs and for administration costs. A Trading Account is also held for day to day business costs such as purchase of room goods i.e. whitegoods, advertising/commissions etc.
The motel houses 21 rooms, all restricted to holiday letting only, therefore no permanent residential use. The rooms are well appointed and maintained.
Facilities include a landscaped pool and bbq area, guests laundry, onsite parking and positioned within an easy few minute's walk to the shops, cafes, restaurants, lake and beach.
Included in the sale is a 3 bedroom unit attached to the reception area, both on title.
Managers UnitValue of Managers Apartment: $330,000Bedrooms: 3Bathrooms: 1Car Spaces: 1Pets OK: No
The Manager's unit is a comfortable unit and provides a relaxing private space. It has three good sized bedrooms, kitchn, lounge, bathroom and balcony. The unit and reception area are purchased as part of the sale and are on title. The residence also includes a yard, storage shed and carport.
Complex InformationComplex Type: n/aTotal Units in Complex: 21Total Units in Letting Pool: 21Holiday Units: 21Pool: YesBBQ Area: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - North Coast