Must Sell (less Than 4 X Multiple) - Tea Gardens Resort Apartments - 1p4886mr

Business For Sale Medowie, New South Wales 2318

Business Category Management Rights

Management Rights $1,300,000

Description

Must Sell (less Than 4 X Multiple) - Tea Gardens Resort Apartments - 1p4886mr

EXCLUSIVE TO CRE BROKERS. Located less than 2.5 hours from Sydney in the beautiful waterways of Tea Gardens, this wonderful facility offers a superb lifestyle managing contemporary, spacious and comfortable apartments.

Facilities include a large heated resort pool, sauna, gym, bike hire, and security access with intercom and waterfront views.

The region is widely renowned as a vibrant yet relaxed holiday hot spot with coastal forests, pristine beaches, outstanding angling, snorkelling and diving and whale watching in one of NSW's premier water playgrounds.

TOTAL NUMBER OF UNITS : 33
UNITS IN LETTING POOL : 28
MANAGERS RESIDENCE : N/A

NET PROFIT: $326,515
RECEPTION/BACK OFFICE: $90,000
BUSINESS PRICE $1,210,000
TOTAL ASKING PRICE : $1,300,000

Managers Unit

    Complex Information

    Other Features / Notes
    A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:NSW - Central Coast/Hunter
    Contact Seller

    Bsale ID: 558536
    Broker REF: 1P4886

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