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Forster, address available on request

Forster, address available on request

Land/Development

  • For Sale
  • $850,000
  • For Sale

  • Land Area
  • 1.00 m² (approx)
  • Last Updated
  • Mar 09, 2021

Interested in this property? Contact an Agent today

CRE Brokers - Australia

Unit 4, 10 Lakewood Boulevard

Carrum Downs Vic 3201

Darren Leaney

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

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 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.

Forster, address available on request

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