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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
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.
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