UNIQUE WATERFRONT "MOTEL STYLE" RESORT

$2,090,000

Resort / Holiday management rights, Yamba NSW

Seize the opportunity to own and operate a unique motel style waterfront management rights business in the picturesque coastal town of Yamba. With its stunning views, relaxed lifestyle, and thriving tourism market, Yamba is one of the most sought-after destinations on the New South Wales North Coast.

The business is in a prime location with an established reputation. The Moby Dick Motel has been a trusted name for visitors for decades, with a strong customer base and positive reviews. The complex consists of 29 Lots. 25 well maintained motel units and 4 townhouses. 22 units are included in the letting pool along with three 3- bedroom townhouses. The business is well priced and showing a healthy net profit. There are no set office hours and the Resort is well-Suited for couples or individuals: The size and structure of the motel make it ideal for hands-on owners who want to create a welcoming, personal guest experience. The simple, functional two - story layout makes the motel easy to manage, with the current owners having excellent processes in place for new owners to step in seamlessly.

- Low Maintenance
- Easy to Operate
- No Set Office Hours
- Healthy Net Profit $331,284
- Stable Letting Pool
- Booming Coastal Town
- Long Agreements in place. 25 year Letting & 10 Year Caretaking

If youve been dreaming of a lifestyle change and a new business venture, this is an opportunity you wont want to miss!

More Information

Financial Overview

Total Purchase Price: $2,090,000
Net Income: $ 331,284 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 700,000
_{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.}

Letting Business

Letting Pool: 25
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 3
_{Number of units resided in by their owners.}

Lock Ups: 1
_{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: 29
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 44,887
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Swimming pool, Spa, BBQ area, Jetty, Free Wi-Fi,

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 700,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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: Ground floor 2 Bedroom 1 bathroom 2 car spaces one undercoverExtra on title commercial kitchen, guest laundry, linen storeroom lockup shed, 3 x storerooms upstairs