Central Coast, Hugely Profitable, Well Established MR | Resort Brokers ID : MR008492

$2,666,460

Resort / Holiday Management Rights, TERRIGAL NSW

ResortBrokers is delighted to exclusively present the management rights to the Terrigal Pacific Coastal Retreat, comprising of 35 holiday apartments with a very rare positioning of all units in the letting pool.

This is a unique opportunity to acquire a well-established, high-performing asset in an enviable location, further sweetened by a staggering net profit circa $415k. With long term, solid and experienced staff already in place makes this an easy transition for any buyer stepping into the business

Award-winning status, and impeccably presented accommodation, makes this a highly attractive investment. This is not just a property, but a thriving business and a lifestyle choice for savvy investors.

- Staggering Net Profit of approximately $415k
- Prime location opposite Terrigal Lagoon
- Manager's Lot - 2-bed/1-bath, 1-car space residence, plus an exclusive office
- Exquisite retreat oasis and top-tier amentities
- Recipient of the prestigious 2021 Travellers Choice Awards
- All the hard work done, ready for new owner to step in and start profiting
- Inspections by appointment
Date updated: 19 Jan 2025 22:00:03

More Information

Financial Overview

Total Purchase Price: $2,666,460
Net Income: $ 414,769 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 800,000
_{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: 35
_{Number of units the manager is authorised to manage.}

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

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 36
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 69,184
_{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: 25 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: 60
_{Required Office Hours}

Complex Features: Retreat Oasis sculptured around a heated pool, a Balinese roofed lounge area and a state of the art BBQ with its own furnished patio dining area. Apartments have cooking facilities, reverse cycle AC and car parking

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 800,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: 2 bedrooms, 1 bathroom, 1 car space, timber floor in living area, balcony off living area, balcony upstairs off main bedroom. Bedrooms, living area reverse cycle air-conditioning, security screens on windows/door downstairs.