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consistent performing holiday business + lifestyle in prime coast location | Resort Brokers ID : MR007230
$2,360,000
Resort / Holiday Management Rights, Port Macquarie NSW
We are delighted to present to market one of Port Macquaries most sought-after addresses. Ideally situated adjacent to the pristine Flynns Beach and positioned to enjoy all Port Macquarie is famous for - beaches, tourist attractions, wildlife, wining, and dining.
This resort offers a nine-year agreement plus a modern two-bedroom, one-bathroom manager'sresidence. The Net profit is over $460K and a generous $108K Body Corporate Salary.
Running the holiday business of this proven and consistent performer, the South Pacific Apartments in Port Macquarie's short-stay market will be the work/lifestyle balance you dreamed of.
- 42 units with 38 in the letting pool
- Magnificent property, highly desired by tourists and families
- Resort-style pool, spa and children’s wadding area
- Net profit of over $460K with a generous +$108K Body Corporate salary
- Consistent performing holiday business with repeat guests, driven by local tourism
- Ideally located directly overlooking the stunning Flynns Beach
- Two-bedroom, one-bathroom manager’s residence attached to office/reception
- Apartments are fully self-contained, air-conditioned and feature both modern furnishings and fixings
- Great return and lifestyle with a prospect to increase the business revenue
- Property inspections are by appointment only
More Information
- Total Purchase Price: $2,360,000
- Net Income: $ 466,048
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 360,000
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?