AN OPPORTUNITY OF A LIFETIME, LIVE BEACHSIDE AND EARN AN EARLY RETIREMENT | Resort Brokers ID : MR008020

$3,004,000

Resort / Holiday Management Rights, Boomerang Beach NSW

Mobys Beachside retreat is a genuine lifestyle opportunity if you are interested in earning a very generous income and being in control of your time. Operating this prestigious resort located on the Mid-North Coast of NSW is a huge chance for you to realise your own potential. This management rightsoffers the owner flexibility in operation and would be suited to a couple or family wanting to break free from the daily grind.

Enquire now to secure your chance

- No set office hours and no requirement to live onsite
- 65 units, (out of a possible 75) in the letting pool
- Security of tenureis guaranteed by a maximum 10-year agreement in place
- Verified average Net profit of $552K+ includes a solid $169K+ caretaking salary
- Established operation with over 14 years of successful management by current owners
- Profitable investment offering circa. 18% yield, inclusive of a real estate purchase
- Reliable, long-term staff ensuring smooth operations
- Opportunity to expand the already strong letting pool
- Solid 8.4/10 onBooking.comand 4/5 on Trip advisor
- Inspections are by appointment only
Date updated: 08 Dec 2024 22:00:02

More Information

Financial Overview

Total Purchase Price: $3,004,000
Net Income: $ 596,319 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 736,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 65
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 5
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 5
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 75
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 164,580
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Set in a subtropical lush garden pocket flanked by pristine Boomerang Beach and Blueys Beach, set directly behind Booti Booti National Park. All villas have access to private BBQs, a playground for kids, a large swimming pool, spa and onsite restaurant open for most stays. Short stroll into the quaint town of Pacific Palms or picturesque Wallis Lake. Only 20mins south of beautiful Forster.