Clarendon Forest Retreat Managment Rights For Sale

Clarendon Forest Retreat Managment Rights For Sale

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Location Details :

Country

Australia

State

New South Wales

City

Possum Brush


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Financial Details :

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About the business

We are pleased to present the Clarendon Forest Retreat Management Rights for sale. This Holiday Retreat is situated on a stunning 100-acre property, which forms part of an almost empty 1000-acre valley and is surrounded by Talawahl Nature Reserve. This is a true lifestyle business situated in a high-growth area close to the Pacific Highway and 25 minutes from the region’s best beaches.

Over our 7-year tenure, all of the hard work has been done. This leaves a new owner in a position to focus on growing the business.

The Retreat consists of 6 high-quality houses in the letting pool, all on large blocks with another 4-bedroom house to be built in 2023, and a further block on the market. Confidence among owners is high.

The 3-bedroom + office Managers residence, on a Torrens title of approximately 2.81 Acres, will form part of the sale.

The Retreat operates using remote check-in-out with good systems in place, there is no requirement to staff reception. Guests receive key codes via text and very detailed guest information books have been created for each house.

The business has multiple income streams from CPI-indexed Caretaker’s fee currently $64,652.64, commissions on bookings (12% plus GST), mowing and maintenance.

• The Retreat ran at 82% occupancy for 12 Months to December 31st, 2022.
• The term of the agreement is till 2099, almost unheard of in Management rights.
• The owners’ group is cooperative, easy to work with, and keen to build the profile of the Retreat.
• There is a 32-week residency restriction, owners cannot move into their houses permanently, per Council Consent.
• All systems in place to ensure a smooth transition with two weeks of training provided to the purchaser
• Outside agent letting is not viable due to the location
• The business sale is a WIWO and includes all plant and equipment required to run the business.
• A relevant Real Estate Licence required to run the business (Class 1 real estate agent licence (restricted to on-site residential property manager functions)) can be completed in 4-6 weeks.
• We have a loyal cleaning workforce who contract directly to the owners and a junior who helps with the grounds.
• A new purchaser can do as much (do the work yourself) or little (have staff complete the work) as they choose.
• Over the past 7 years, a huge number of upgrades have been completed on the houses and common property
• future growth potential with a Liquor License to be transferred to new owners, the ability to hold weddings on the manager’s block and charge venue fees - serve liquor is untapped (STCA).
• Plans submitted for a new 4-bedroom house being built in 2023, and 1 further block on the market.
• Business owner enjoys full use of swimming pool and tennis court
• Strong social media presence with 8.1k Facebook followers
• 4.9-star reviews on Google Reviews, 4.9 AirBnB Superhost, 4.7 Facebook Reviews
• Growing area with Midcoast Council future planning showing large developments coming.

If you are after a change that allows you the flexibility to enjoy one of the country's best regions, this may be for you!

Inspection is strictly by appointment only.

The Phone Code for this property is: 76783. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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