Embrace Profitable Paradise - ID 9118

$2,640,000

Resort / Holiday management rights, Forster NSW

NSW Holiday Management Rights for Sale
Prime Investment Opportunity in Forster's Premier Holiday Destination

Discover the ultimate sea-change opportunity with this beachside Management Rights now for sale. Embrace a thriving business and lifestyle nestled on Forster's picturesque Mid North Coast.

- Prime Location: Overlook Forster's Main Beach from this remarkable 10-story holiday accommodation property, just an hour from Port Macquarie and 3 hours from Sydney.
- Profitable Portfolio: 23 deluxe self-contained apartments with captivating ocean views and a solid letting pool of 20 units, ensuring control and profitability.
- Proven Returns: Enjoy consistent Net Profit and growth, reinforced by a reputable industry accountant, with strong body corporate supported management agreements.
- Modern Manager's Residence: Your sanctuary awaits a contemporary 2-bed, 2.5-bath apartment featuring a sweeping wrap-around balcony and seamless access to on-site facilities.
- Unmissable Investment: Capitalise on the surge in domestic tourism and secure your slice of Forster's thriving real estate market.

With its idyllic location between Sydney, Tamworth, and Port Macquarie, Forster offers a perfect blend of tranquility and convenience. Visitors and residents alike are drawn to its vibrant community, diverse dining scene, and array of water-based activities, including surfing, fishing, and dolphin watching.

Net Profit: $441,849 (31 January 2025)
Total Asking Price: $2,640,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $2,640,000
Net Income: $ 441,849 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,000,000
_{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.}

Letting Business

Letting Pool: 20
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 2
_{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: 23
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 62,108
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 26 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Pool, heated spa, gym, and poolside BBQ.

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,000,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Two-bedroom, two-bathroom, ground level apartment with one car space.