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PREMIER ACCOMMODATION - MERIMBULA - ID 7827

$1,990,000

Resort / Holiday management rights, Merimbula NSW

NSW Management Rights For Sale
Water Views From All Apartments

- Large managers property consisting of a 2 bed, 2 bath apartment and a separate studio unit offered well under market value for a quick sale
- All 20 boutique apartments are in the holiday letting pool
- No onsite owners
- No need to live onsite means potential to earn extra income if required
- Low maintenance grounds, a heated saltwater pool and communal BBQ area
- Supportive committee and owners group
- NSW licensing assistance available
- This would suit a couple looking for a lifestyle business or to be run under management

This has to be one of the easiest to run accommodation business models. Many repeat guests and all apartments under your control. This waterfront complex on NSW South Coast offers new managers an enviable work /lifestyle balance. Easy to maintain and easy to operate. Full onsite training and assistance in gaining your license available to successful new owners. With flights now direct from Sydney & Melbourne, tourism is going to remain strong for many years to come. Call now to secure your new piece of paradise and be in, fully trained and earning money before Summer!

Net Profit: $318,479
Asking Price: $1,990,000
(Inclusive of managers real estate)

More Information

Financial Overview

  • Total Purchase Price: $1,990,000
  • Net Income: $ 1,998,000 (actual)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 1,200,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Multiplier: 0.4
    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: $ 1,200,000
    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
  • Listing Agent Contact Details

    %2Fusers%2Flogo_753695%2F1.jpg Click here to view full profile for: Management Rights Sales

    Portrait

    Tony Johnson

    Office : 1300 928 ...
    Mobile : 0433 335 ...

    Management Rights Sales

    http://www.mrsales.com.au


    Send an Email:

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    Listing Photograph $1,990,000
    management rights Merimbula

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    • Net Income: $ 1,998,000 (actual)
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    • Property ID: 21085002
    • Broker's Ref: 7827
    • =753695
    • Last Update: 4 days ago.
    • Listing Type: Resort / Holiday
    • Price: $1,990,000
    • Merimbula, NSW

    Agent Details

    %2Fusers%2Flogo_753695%2F1.jpg Click here to view full profile for: Management Rights Sales

    Portrait

    Tony Johnson

    Office : 1300 928 ...
    Mobile : 0433 335 ...

    Management Rights Sales

    http://www.mrsales.com.au


    Send an Email:


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    • Remuneration: $ 96,476
    • Manager's Estate (incl): $ 620,000   3   2     Pet Friendly

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