Merimbula, New South Wales

$675,000

Property Description

Business For Sale - Management Rights in Magnificent Coastal Location - ID 8655 BL

South Coast NSW Management Rights Business For Sale
- Holiday letting complex offering a total of 7 apartments, all in the letting pool
- Fully self contained two bedroom apartments, all enjoy spectacular views
- Situated between the lake and the surf beach
- High occupancy all year round
- Facilities include: pool, BBQ facilities, covered entertaining area, Foxtel and Wi-Fi
- Office attached and on title, located on the ground floor
- Managers residence offers two bedrooms, two bathrooms

An outstanding opportunity to purchase the Management Rights over this excellent seven apartment complex immediately opposite a spectacular waterfront on the South Coast.

Situated between the lake and the surf beach each apartment enjoys spectacular views from their balcony or patio. These two bedroom holiday apartments demand a high occupancy all year round and represents an ideal Management Rights opportunity for a couple who are looking for a laid back coastal lifestyle that is easy to manage and leaves plenty of time to go fishing just across the quiet street between the complex and the waterfront.

Nett profit $95,859
Reduced Asking Price: $675,000
(Inclusive of manager's real estate)

Property Summary

Business Snapshot

Price: $675,000Net Profit: $98,000

Managers Unit

Value of Managers Apartment: $330,000Bedrooms: 2Car Spaces: 1Pets OK: No

Complex Information

Total Letting Pool: 7

General Features

  • Land Size: 1 m2 (approx)

Marketing Agent

  • Michael Philpott

  • 1300 928 556
  • 0433 137 927
  • send email

Marketing Agency

MR Sales

MR Sales

MR Sales

Michael Philpott
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Merimbula, New South Wales 2548 Exact map location not provided

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