Presenting a fantastic opportunity on the banks of the Mighty Murray River, in the busy tourism centre of Moama, is the Management Right opportunity to the Murray River Resort.
Situated on an expansive 13 acre property with beautifully maintained lawns and gardens, you find a business opportunity that rarely becomes available. The Murray River Resort comprises 40 two & three bedroom cottages, 38 of which are leased on a regular basis by the resort managers. There are two types of management agreements in place, 21 units have a 5 year agreement while 19 have an open agreement with no end date specified.
Facilities included on the grounds are 3 solar heated salt water pools, all with shade sails, 5 undercover Bar-B-Que areas with tables & seating all around, two tennis courts & two children's playgrounds.
The managers residence is a hardiplank construction, 4 bedroom, 2 bathroom home with a large, open plan kitchen, living & meals area. The home also comprises a reception & office area for resort use. Car parking & storage are taken care of with the presence of a single car carport as well as a large 8m x 12m shed which is used as storage for cleaning supplies.
New 15 year caretaking agreement which was signed in July of 2018 and consists of a 5 year contract as well as 2 extensions of 5 year periods with a current payment of $114,150 per annum plus CPI increases.
Total business netting $170,995 including salary of $112,000
Managers residence & sheds asking price of $640,000 and asking price for the business is $510,000 for a total of $1,150.000
