Old Bar, New South Wales


Property Description

Business For Sale - Rare Beach Frontage and Huge Manager's Salary - ID 8781 BL

- NSW Management Rights For Sale
- Renovated Complex Set Up For Secure Domestic Growth
- Beach Lifestyle to Boot!
- Holiday management rights for sale
- Set on 100m of private absolute surf beachfront
- 31 of 41 units currently in the letting pool
- Unrivaled high end caretakers remuneration
- Caretaking and letting agreements topped up every second year at AGM subject to performance
- 10 hours only of compulsory office hours. 10am - 12 pm
- Owners heavily investing in apartment renovations
- First class resort style facilities - hug solar heated pool, recreation room and BBQ area
- Beautifully appointed & renovated manager's real estate and office
- Recent trade spike due to domestic travel boom
- A perfect business and sea change lifestyle opportunity to escape the corporate lifestyle whilst maintaining a corporate base salary. Complete with genuine ocean sounds around the clock. Current owners have set this business up for a seamless transition for the new owners to benefit from every possible angle.

Caretaking Salary: $129,000 Plus letting income (available on request)
Asking Price: $1,795,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this NSW management right business opportunity contact:

Management Rights Broker
James Carrick

Property Summary

Business Snapshot

Price: $1,795,000 Remuneration / Body Corp Salary: $129,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $355,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title
Renovated to a high standard, Two bedrooms, Two bathrooms, Air conditioning, Single garage, Commercial LG washer/dryer located off the kitchen/dining

Complex Information

Complex Type: HolidayTotal Units in Complex: 41Total Units in Letting Pool: 31Holiday Units: 31Owner Occupy Units: 2Outside Agent Units: 3Lockup Units: 4Manager Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Marketing Agency

MR Sales

James Carrick
MR Sales


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Map Location ( get directions )

Old Bar, New South Wales 2430 Exact map location not provided

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