WOW FACTOR IN BEAUTIFUL MERIMBULA - ID 7827

$1,998,000

Resort / Holiday management rights, Merimbula NSW

NSW Management Rights For Sale
Waterviews from Every Apartment

- Premier 4.5 star apartments on the waterfront
- 20 self contained apartments + 1 studio apartment
- Low maintenance grounds, heated pool and BBQ area
- Huge 2 bedroom, 2 bathroom managers apartment with on title studio apartment
- No set hours in the agreements
- No permanent tenancies permitted
- Ideal business for a couple to work together
- Great work / life balance in an ideal sea change location

Merimbula is a beautiful coastal village half way between Sydney and Melbourne on the South Coast of NSW. It offers residents and tourists a magical place to relax, unwind and enjoy the waterways and beaches in the area. This business will offer a couple a wonderful lifestyle with the opportunity to earn a great living. What else could you ask for?

Enquire now as properties like this do not last long in todays market!

Net Profit: $318,479
Asking Price: $1,998,000
(Inclusive of managers real estate)

More Information

Financial Overview

Total Purchase Price: $1,998,000
Net Income: $ 1,998,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 885,000
_{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: 20
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 1
_{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: 21
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 46,522
_{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: 9 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 27 years
_{How long has the management rights existed.}

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

Complex Features: Heated pool, BBQ area, Foxtel, Security intercoms, Wi-Fi

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 885,000
_{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: Yes
_{Can the manager own a pet on site?}

Unit Features: A great place to call home, Large kitchen, Open plan living, 2 bedrooms, 2 bathrooms, Air conditioning, Security, Stunning ocean views, Great balcony, Single car space, Direct access to office, Also on title and income producing is a separate studio apartment, Pet permitted within the residence