Waterfront Lifestyle Business with Exceptional Returnsâ 1.9x Multiplier | Resort Brokers ID : MR008590

$1,200,000

Resort / Holiday Management Rights, MERIMBULA NSW

Looking for a business and a chance to live and work in one of the Sapphire Coasts most iconic locations?

Located directly opposite the pristine Merimbula Lake, this well-established 11-unit complex offers modern, spacious apartments with breathtaking lake views. With nine units in the letting pool, a renovated three-bedroom managers residence, and new 10-year management agreements commencing in 2024, this property is designed for long-term stability while generating a healthy $160,000 annual income, underpinned by a body corporate salary. And lets face it you simply can't live in this area for the price of a three-bedroom, fully renovated managers residence.

Situated directly across from Merimbula Lake, every unit boasts stunning lake views and convenient access to local cafes, restaurants, and attractions.

Merimbula Lake Apartments seamlessly combines location, profitability, and lifestyle, making it a desirable management rights business opportunity.

- No requirement to reside onsite with full real estate licence
- New 10 year agreement as of 2024
- Directly across the road from the lake
- Walking distance from many cafes and restaurants
- Manager's unit currently earning solid income
- Strictly zoned as short-term holiday accommodation
- Three bedroom, two bathroom open plan completely renovated apartment with own private enclosed courtyard
- Inspections are strictly by appointment only
Date updated: 25 May 2025 23:00:03

More Information

Financial Overview

Total Purchase Price: $1,200,000
Net Income: $ 160,690 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 890,000
_{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.}

Letting Business

Letting Pool: 9
_{Number of units the manager is authorised to manage.}

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

Lock Ups: 1
_{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: 11
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 41,455
_{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: 10 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: none fixed
_{Required Office Hours}

Complex Features: Outdoor heated saltwater pool and covered BBQ area

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 890,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: open plan completely renovated apartment with own private enclosed courtyard with access to the pool. Walk in robe to main bedroom and built in robes to 2nd and 3rd bedrooms with their own working desk space. Jack and Jill style bathroom between the 2nd and 3rd bedroom. Separate laundry with an abundance of built in storage. Built in storage can be removed and the Laundry converted back to a single car garage if required. Ground floor location with amazing lake front views. Option to come fully furnished.