MERIMBULA NSW 2548
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- 27 Oct 2016
Business For Sale - Management Rights in Magnificent Coastal Location - ID 8655 H
South Coast NSW Management Rights Business For Sale
- Holiday letting complex offering a total of 7 apartments, all in the letting pool
- Fully self contained two bedroom apartments, all enjoy spectacular views
- Situated between the lake and the surf beach
- High occupancy all year round
- Facilities include: pool, BBQ facilities, covered entertaining area, Foxtel and Wi-Fi
- Office attached and on title, located on the ground floor
- Managers residence offers two bedrooms, two bathrooms
An outstanding opportunity to purchase the Management Rights over this excellent seven apartment complex immediately opposite a spectacular waterfront on the South Coast.
Situated between the lake and the surf beach each apartment enjoys spectacular views from their balcony or patio. These two bedroom holiday apartments demand a high occupancy all year round and represents an ideal Management Rights opportunity for a couple who are looking for a laid back coastal lifestyle that is easy to manage and leaves plenty of time to go fishing just across the quiet street between the complex and the waterfront.
Nett profit $98,403
Reduced Asking Price: $675,000
(Inclusive of manager's real estate)
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information