In 2008 developers purchased this property and undertook a major refurbishment with the entire building gutted and rebuilt/refurbished to a very high standard. The building was strata titled and the individual units were marketed and sold in the main to investor owners. The developer has now completed his project and offers the management rights for sale. This is a ground floor opportunity that represents the best value management rights I have seen marketed for sale.
The business comes with a generous sized furnished three bed managers unit. Office reception on title. An extensive list of inventory is offered with the sale. Huge potential and upside at every turn! Business is mixed holiday and permanent letting and varies with the season. Brand new caretaking contracts in place and scope to work with the developer to fine tune some of the contract arrangements and office procedures. Excellent location looking over a lake and less than a kilometre to the Surf. Rapidly growing northern NSW beachside town. Accountant prepared P&L shows $130,000 net profit. Managers unit $400,000 Management rights business $250,000 Total Price $650,000. To arrange an inspection or for additional information please contact the agent Steve Gracie 0406686383 E steveg@raas.com.au

Located On lake front. Kayaking and Mini Golf.

Current management provides internet, bikes and kayaks for free. Income from guest laundry machines not included in income so upside here. Four level building with lift access. Large linen room room and laundry exclusive use.