Korora, New South Wales

$1,350,000

Property Description

Business For Sale - NSW Beachfront Holiday Management Rights - ID 8843 BL

4 Star Beachfront Holiday Management Rights
3.9x Multiplier

- 16 well apportioned units
- Easy to operate, manageable by husband and wife team
- On the beach five minutes north of Coffs Harbour City Centre
- Facilities include heated pool, BBQ area and half-sized tennis court
- Conveniently located near local attractions including the Aquarium and the Big Banana
- Consistent and healthy 90% occupancy
- The managers residence is a recently renovated, 2 bedroom apartment which is currently in the letting pool
- Current managers live off-site

All apartments and complex have been renovated in the last 12 months, nothing to do just walk in and maintain. Excellent reviews and online profile, very well regarded on TripAdvisor and other online accommodation review platforms.This business is a must to inspect

Net Profit: $202,418
(including additional $21,764 net income from letting of managers unit)
Asking Price: $1,350,000
(inclusive of managers real estate)

For further information on this North Coast NSW Management Rights opportunity contact the listing broker Warren Sweetman

Property Summary

Business Snapshot

Price: $1,350,000 Net Profit: $202,418 Remuneration / Body Corp Salary: $47,304Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $560,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: HolidayTotal Units in Complex: 16Total Units in Letting Pool: 16Holiday Units: 16Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesTennis Court: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

MR Sales

Warren Sweetman
MR Sales

Phone

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Map Location ( get directions )

Korora, New South Wales 2450 Exact map location not provided

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