Executive Living with Significant Income - ID 7846

$2,665,000

Resort / Holiday management rights, Port Macquarie NSW

NSW Management Rights For Sale
Resort Location with Style

- Executive Corporate Highrise with strong upside
- Significant Net $320K+ and worthy of an inspection
- Strong and solid established agreements in a balanced, relaxed environment with modern infrastructure, top-rated schools, and healthcare facilities
- 3 bedroom, 3 bathroom and basement / internal car space for 2 vehicles plus 16 sqm store and incorporates a front office/reception area good size living area and large tiled courtyard enclosed with security wall. (143sqm living with 90 sqm outdoor)
- Circa 2004 built attached medium rise architecturally designed strata residence of brick (rendered) construction with a concrete roof
- Profitable portfolio: 57 units in the development with 28 in the pool
- Heated Pool, spa, sauna, viewing decks and multiple BBQ Areas
- Risk free Body Corporate salary
- Comprehensive ocean views from the upper levels
- Systemised & low workload: A very easy-to-run business with streamlined systems in place, ideal for experienced or first-time operators
- Wealth Generation Opportunity: Excellent scope to build equity and income in a growing tourism hotspot.
- Fantastic Lifestyle: Live and work in a stunning coastal location with all the lifestyle benefits Port Macquarie has to offer. no daily commute
- Rarely available, highly regarded business in one of NSW's most desirable beachside towns offering a high-quality coastal lifestyle combined with regional affordability
- Unmissable Investment: Capitalise on the surge in domestic tourism and secure your slice of Port Macquaries thriving real estate market
- Strategic investment due to the region's strong tourism and growing strata market
- Resilient business model: Banks and financiers view management rights as a safe investment because the income is backed by long-term service contracts and the underlying real estate
- Strong online exposure across major booking platforms and consistent guest appeal driven by its prime coastal location, walking distance to everything
- 390420 km north of Sydney

As visit NSW puts it, Port Macquarie with its idyllic climate, beautiful beaches, laid-back vibe and a sophisticated dining scene, has become a favoured destination on the NSW mid-North Coast. Sitting at the mouth of the Hastings River, its a natural paradise where dolphins frolic, whales linger during their migration and koalas doze in the branches overhead.

Fantastic low maintenance property with tremendous upside that can easily accommodate most families and visitors to escape the city.

Genuine chance to locate to an accommodation market rapidly growing with rival comparison the renowned Byron Bay market.

Net Profit: $322,693
Asking Price: $2,665,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $2,665,000
Net Income: $ 322,693 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,150,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.7
_{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: 28
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 23
_{Number of units resided in by their owners.}

Lock Ups: 3
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 57
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 111,943
_{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: 22 years
_{How long has the management rights existed.}

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

Complex Features: Heated pool, spas, sauna, viewing decks, multiple BBQ areas

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,150,000
_{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: No
_{Can the manager own a pet on site?}

Unit Features: The managerâs unit comprises a single level apartment on the ground level to the southeastern corner of the complex. 3 bedrooms, 2 bathrooms, single car accommodation. Reception area comprises a single room at the entrance on the southeastern side of the ground level. It includes pedestrian entry door and reception desk with counter.