Forster, New South Wales

Management Rights $850,000

Property Description

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.

Property Summary

Managers Unit

Complex Information

Total Units in Complex: 0

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - North Coast

Marketing Agent


Marketing Agency

CRE Brokers

CRE Brokers

CRE Brokers

Scott Taylor
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Forster, New South Wales 2428 Exact map location not provided

Similar Properties

Rare Central Coast NSW Leasehold Motel – 30 Year Lease & Great ROI - 1P4162M
New
Exclusive

LONG JETTY
Rare Central Coast NSW Leasehold Motel –...

Leasehold $820,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers

HASTINGS POINT
Business For Sale - Tweed Coast Holiday...

$899,000
Net Income: $172,700
Managers Estate: $390,000 2 Bed 2 Bath
Letting Pool: 17
Remuneration: $40,700

MR Sales

WENTWORTH
Exceptional Return on Investment! - 1P00...

FHGC $845,000 + SAV
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers

TAMWORTH
1256ML - New Regional City Leasehold...

Leasehold $900,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers
1266MF - Be Your Own Boss! Freehold Motel!
Exclusive

TAMWORTH
1266MF - Be Your Own Boss! Freehold Mote...

Freehold $940,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers

WINGHAM
32% ROI Mid North Coast NSW Leasehold Motel...

Leasehold $790,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers