Medowie, New South Wales

Management Rights $1,300,000

Property Description

MUST SELL (LESS THAN 4 x MULTIPLE) - Tea Gardens Resort Apartments - 1P4886MR

EXCLUSIVE TO CRE BROKERS. Located less than 2.5 hours from Sydney in the beautiful waterways of Tea Gardens, this wonderful facility offers a superb lifestyle managing contemporary, spacious and comfortable apartments.

Facilities include a large heated resort pool, sauna, gym, bike hire, and security access with intercom and waterfront views.

The region is widely renowned as a vibrant yet relaxed holiday hot spot with coastal forests, pristine beaches, outstanding angling, snorkelling and diving and whale watching in one of NSW's premier water playgrounds.

TOTAL NUMBER OF UNITS : 33
UNITS IN LETTING POOL : 28
MANAGERS RESIDENCE : N/A

NET PROFIT: $326,515
RECEPTION/BACK OFFICE: $90,000
BUSINESS PRICE $1,210,000
TOTAL ASKING PRICE : $1,300,000

Property Summary

Business Snapshot

Price: Management Rights $1,300,000 Net Profit: $326,515 Remuneration / Body Corp Salary: $46,534

Managers Unit

Value of Managers Apartment: $90,000Office: On Title
Only Reception, Back Office and storeroom

Complex Information

Complex Type: HolidayTotal Units in Complex: 33Total Units in Letting Pool: 27Holiday Units: 27Outside Agent Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 8 yearsPool: YesSauna: YesGym: YesPay TV: YesWIFI: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - Central Coast/Hunter

Marketing Agent


Marketing Agency

CRE Brokers

Darren Leaney
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Medowie, New South Wales 2318 Exact map location not provided

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