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.
Complex InformationTotal Units in Complex: 0
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - North Coast