Blue Chip NSW North Coast Management Rights for Sale - 1P3862MR
With a Net Profit of $650,000 and located in the most progressive coastal city in NSW, this magnificently presented and maintained Management Rights will suit many, from a family operation, a partnership, or to run under management.
Positioned on the waterfront, never to be built out, offering long 25 year agreements, a luxury renovated apartment, reception and back office all on title, this is a very secure business.
• 55 Apartments, experiencing spectacular water views
• 25 year agreements, as of 2012
• CBD position with northerly aspect
• Quality resort facilities and secure undercover parking
• Easy Caretaking Duties
• Huge saving with NO Stamp Duty on Business
Net Profit: $650,000 (to be verified)
Real Estate included: Reception, Office and Apartment $710,000
Total Asking Price: $3,750,000
Price: Management Rights $3,750,000
Net Profit: $650,000 Remuneration / Body Corp Salary: $85,644
Managers UnitValue of Managers Apartment: $710,000Bedrooms: 2Bathrooms: 2
2 bedroom/2 bathroom renovated apartment. The ability exists to lease a 3 bedroom apartment and add the managers unit to the letting pool, if a 3 bedroom apartment is required.
Complex InformationComplex Type: HolidayTotal Units in Complex: 55Total Units in Letting Pool: 37Holiday Units: 37Owner Occupy Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 20 years