Accommodation and Tourism
NSW
Ref: 4895245

MULTI-AWARD WINNING MANAGEMENT RIGHTS - NSW FAR SOUTH COAST For Sale

Description: First time offered.  Multi-award winning property located opposite beautiful surf beach.  One of the larger management rights situations on the New South Wales South Coast.  Strong year round corporate and tourism clientele.

Star Standard: 4 Star

Construction: 23 Apartments and Villas built in various stages since 1990.  Brick and concrete block construction with flat iron roof.

Occupancy:  Approx. 65%

Clientele: Corporate, Tourists

Tariffs: From $320 to $950

Chain Affiliation: No

Laundry: Commercial Laundry

Services: 2 x swimming pools, 1 x swim spa and hot spa, 2 communal barbecues (a number of private barbecues amongst the apartments), 1 x conference room (ideal for up to 20 delegates), most properties have secure lock-up garages, landscaped gardens, ponds and water features.

Management Agreement:  10 Years (5 + 5) to December 2028

Turnover: $617,158

Adjusted Net Operating Profit: $257,029

Residence: Large freestanding four bedroom residence with excellent beach views from the upstairs living areas and large private deck.  Two recently renovated bathrooms, lock-up garage, small private courtyard and garden area.

Comment: Great opportunity to enter the management rights market in this highly desirable South Coast location.


MQ Property ID:
4895245


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Price: Management Rights $2,150,000
Manenti Quinlan & Associates
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Broker : Ray Larkin
Phone: 02 9744... (click to show)
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Fax: 02 9745... (click to show)
Address:
Suite 101, Level 1, 74-76 Burwood Road
Burwood, NSW, 2134


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