Work where others holiday with this rare business-only management rights opportunity just 200 metres from the patrolled sands, cafés and coastal boardwalk of tightly held Kings Beach. Generating $118,000 net profit from an asking price of $525,000, this boutique beachside operation delivers an impressive return without the added cost of purchasing real estate. With nine apartments in the letting pool, streamlined caretaking duties, no set office hours and operational flexibility, the business offers an enviable blend of income and relaxed coastal lifestyle.
A substantial body corporate salary exceeding $64,000 per annum provides over 54% of the business income as secure recurring revenue, independent of occupancy fluctuations. With further upside through additional apartments and modern revenue management strategies, opportunities to secure an affordable beachside business in tightly held Kings Beach are becoming increasingly rare. Enquire today for the full information memorandum and financials.
Interested? Why not give Chenoa Daniel a call on 0403 143 151 or chenoa@resortbrokers.com.au
