Mid North Coast Management Rights - 3 hours from Sydney - 1P4123MR 213

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.