Significant Price Reduction - ID 7827

$1,899,999

Resort / Holiday management rights, Merimbula NSW

NSW Management Rights For Sale
The Gem of the South Coast

- This is a Management Rights Business NOT Freehold Property for sale
- A NSW Real estate license is necessary to operate this business ask me how to achieve this
- Boutique Waterfront Apartment Complex of 21
- Low maintenance grounds, heated saltwater pool and communal BBQ area
- No onsite owners all apartments in your short-term rental pool
- Large 2 bedroom, 2 bath managers apartment
- On title for the manager and income producing, separate studio apartment
- Supportive committee and owners
- New 10 year agreement
- Stable business through Covid and beyond
- This would suit a couple looking for a lifestyle change, working from home and enjoying the fruits of your labour

This has to be one of the easiest to run accommodation business models. Many repeat guests, no set hours of operation 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!

Real Estate Independently evaluated between $1.25M and $1.35M in 2024.

Net Profit: $330,000
Asking Price: $1,899,999
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $1,899,999
Net Income: $ 330,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,170,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 2.2
_{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: 21
_{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: $ 54,428
_{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: 31 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: $ 1,170,000
_{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