Anticipated Net for 2018/2019 $230K
The management rights of The Cove Holiday Apartments are being offered for sale for the first time in 13 years.
This outstanding opportunity will enable you to live the lifestyle that you have always dreamed of.
Also included in the sale is this stunning two bedroom unit with ocean views.
This is an established business that can be easily be managed by a couple
Long agreement in-place for incoming managers
The current net is $170,000 for 8 rooms - Anticipated Net for 2018/2019 $230K
Ocean views from managers unit
No requirement to live on site - owners unit is now available to rent
Dog friendly (small)
This unit is zoned for permanent residency all other units in this complex are zoned for holiday letting
This unit has been independently valued by the Optima Property Group (licensed valuers) at $600,000 (unit only)
Please contact me direct for more details Mick Scott Lyall and Scott Property
Lyall and Scott Property your Mollymook Real Estate Agents
Price: Great value at $1,285.000
Net Profit: $170,000 Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $600,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: Exclusive UsePets OK: Yes
Stunning unit with ocean views
Complex InformationComplex Type: HolidayStar Rating: 4Total Units in Complex: 8Total Units in Letting Pool: 8Holiday Units: 8Owner Occupy Units: 1Manager Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 10 yearsSpa: Yes
Motel InformationStars: 4.5Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -
Hotel InformationStars: 4.5Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -
Bed and Breakfast InformationStars: 4.5Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -
Other Features / Notes
Busy location, high occupancy rate, can be managed by a couple,