Rare four bedroom residence with no owner occupiers | Resort Brokers ID : MR007720
$1,150,000
Resort / Holiday Management Rights, Port Macquarie NSW
Oxley Cove Apartments comprises 26 high-standard holiday units set amongst beautiful, landscaped garden surrounds. Current operators have extensively replaced internal appliances and proactively refurbished apartments.
A supportive Body Corporate with no owner-occupiers makes this an environment and culture designed for production and equity.
- Consistent income, with huge potential for other existing revenue streams
- 26 out of 27 apartments in the letting pool
- 500 metres from town beach and local cafes
- Recent refurbished kitchens undertaken in apartments
- Spacious four bedroom residence, this is a rare opportunity for a lifestyle change
- Supportive Body Corporate with no owner occupiers
- Repeat business clientele withseasonal peaks
- Inspections by appointment only
Date updated: 28 Apr 2024 23:00:03
More Information
- Total Purchase Price: $1,150,000
- Net Income: $ 163,466
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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?