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LIFESTYLE BUSINESS OPPORTUNITY - EXCELLENT NET PROFIT
$1,225,000
Resort / Holiday management rights, Coffs Harbour NSW
Currently experiencing exponential growth in tourism and infrastructure projects, Coffs Harbour is one of the fastest growing and dynamic areas within NSW. As one of Australias most well known holiday destinations, Coffs Harbour provides an outstanding mix of opportunities for new investment and business expansion.
Perfectly positioned 100 metres from the popular Park Beach and close to the shopping precinct, clubs, restaurants and cafes Tradewinds Apartments is in the heart of the beautiful Coffs Coast. For anyone looking for a sea change the business offers the best of both worlds with a great net income and idyllic coastal lifestyle.
The building consists of a total of 30 apartments, 11 of which are in the letting pool. To compliment this great business is a ground floor 2-bedroom 1 bathroom unit with a lovely grassed courtyard perfect for entertaining.
Easy to operate and currently run by a husband and wife team all systems are in place for new owners to easily transition and start running this fantastic lifestyle business.
Great Location
Net Profit Circa $150,000
High Growth Area
Fantastic Lifestyle
Call now to inspect
More Information
- Total Purchase Price: $1,225,000
- Net Income: $ 150,000
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This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 550,000
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?