Forster - Mid North Coast Resort/Retreat

$1,699,000

Resort / Holiday management rights, Blueys Beach NSW

Live, Work and Play in Forster - the Most Idyllic Coastal Village on the NSW Mid Mid North Coast of NSW
The opportunity to purchase the management rights of this wonderful Coastal retreat .
Inclusions are:
. Management Rights of Retreat
. 2 bedroom unit with reception and communal room
. 4 bedroom residence with optional reception area
This property is well positioned and well supported by couples and families during weekend and short breaks and longer holidays periods due to Sydney being only a 3 hour drive and 1 hours from Newcastle.
The Retreat provides guests with landscaped gardens, well maintained accommodation and facilities such as:
. Tennis Court
. Swimming Pool
. Heated Spa
. Adjoining Restaurant & Caf
. Close to village shops and beach

More Information

Financial Overview

Total Purchase Price: $1,699,000
Net Income: $ 319,439 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 500,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.8
_{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.}

Letting Business

Letting Pool: 34
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 43
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 119,987
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 15 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: Blueys offers guests luxury accommodation that overlook the native littoral rainforest and within the Retreat guests are provided with a number of facilities such as the pool that overlooks the lagoon and beside the pool you will find the heated spa. Other facilities include the tennis court, clubhouse and adjoin Blueys is a licensed restaurant and cafÃ©.