Iconic Mid North Coast Management Rights Business Opposite the Beach in Coffs Harbour
$1,225,000
Resort / Holiday management rights, Coffs Harbour NSW
EXCLUSIVE TO CRE BROKERS. Coffs Harbour is experiencing enormous growth in the tourism accommodation sector. It is also on the cusp of a long term accommodation boom via a range of long term infrastructure projects already attracting national sporting and cultural events.
The apartments, operated by a husband and wife team, are located directly opposite Coffs Harbour's most popular and patrolled beach, the No.1 Family Hotel and Park Beach Bowls Club
Location Plus: Only a 5 minute walk to a large Retail Shopping Centre, numerous eateries and tourist attractions and 5 km from the airport. A 5 min walk to a brand new aged-care facility that will soon be home to an estimated 700 residents + staff.
If you are looking to secure a thriving business & unit whilst living the lifestyle many people dream about then Tradewinds Family Apartments must be a consideration.
Owner's residence is a large ground floor 2 bedroom 1 bathroom unit with a rear grassed courtyard, ideal for pets and entertaining.
TOTAL NUMBER OF UNITS : 30
UNITS IN LETTING POOL: 11
NET PROFIT : $150,000
REAL ESTATE PRICE : 675,000
BUSINESS PRICE : $550,000
TOTAL ASKING PRICE : $1,225,000
More Information
- Total Purchase Price: $1,225,000
- Net Income: $ 150,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 675,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.7
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?