Mid North Coast Management Rights - 3 hours from
Sydney - 1P4123MR

Industry: Accommodation/Tourism - All | Listed by: CRE Brokers
Key Strengths
About this business
EXCLUSIVE TO CRE BROKERS

This is a unique opportunity, with all rooms being strata title and individually owned and then managed by onsite managers under a management right agreement.

To allow the managers to operate the business with ease a Trust Sinking Fund is held for the managers to complete repairs and for administration costs. A Trading Account is also held for day to day business costs such as purchase of room goods i.e. whitegoods, advertising/commissions etc.

The motel houses 21 rooms, all restricted to holiday letting only, therefore no permanent residential use. The rooms are well appointed and maintained.

Facilities include a landscaped pool and bbq area, guests laundry, onsite parking and positioned within an easy few minute's walk to the shops, cafes, restaurants, lake and beach.

Included in the sale is a 3 bedroom unit attached to the reception area, both on title.
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Business Name / Ref #:
Contact Advertiser
Location:
Forster
NSW
Asking Price:
$850,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
Trading Hours:
Website:
Contact Details:
0456 00.....
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Advertiser Details

Specialist business & property agents & valuers dedicated to the tourism & leisure sector
Location: 5 Jarrah Drive
Braeside, Victoria
3195, Australia

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All Comments

Mid North Coast Management Rights - 3 hours from Sydney - 1P4123MR ListingImage
About this business
EXCLUSIVE TO CRE BROKERS

This is a unique opportunity, with all rooms being strata title and individually owned and then managed by onsite managers under a management right agreement.

To allow the managers to operate the business with ease a Trust Sinking Fund is held for the managers to complete repairs and for administration costs. A Trading Account is also held for day to day business costs such as purchase of room goods i.e. whitegoods, advertising/commissions etc.

The motel houses 21 rooms, all restricted to holiday letting only, therefore no permanent residential use. The rooms are well appointed and maintained.

Facilities include a landscaped pool and bbq area, guests laundry, onsite parking and positioned within an easy few minute's walk to the shops, cafes, restaurants, lake and beach.

Included in the sale is a 3 bedroom unit attached to the reception area, both on title.

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:

Trading Hours:

Website:

$850,000

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