Permanent MR at 3.6 multiplier. Outstanding opportunity in Central Newcastle
Permanent MR at 3.6 multiplier. Outstanding opportunity in Central Newcastle
Permanent MR at 3.6 multiplier. Outstanding opportunity in Central Newcastle
Permanent MR at 3.6 multiplier. Outstanding opportunity in Central Newcastle
Permanent MR at 3.6 multiplier. Outstanding opportunity in Central Newcastle
Permanent MR at 3.6 multiplier. Outstanding opportunity in Central Newcastle
Permanent MR at 3.6 multiplier. Outstanding opportunity in Central Newcastle
Permanent MR at 3.6 multiplier. Outstanding opportunity in Central Newcastle
Permanent MR at 3.6 multiplier. Outstanding opportunity in Central Newcastle

Permanent MR at 3.6 multiplier. Outstanding opportunity in Central Newcastle

$1,495,000

Selling due to health - all reasonable offers considered. Permanent management rights like these are hard to find and represent an outstanding business opportunity. With a full 10 year term and a caretaking agreement, this property is perfectly positioned for a new operator to take on this business.

Key Features

  • Fabulous wool store conversion
  • Incredible 4 bedroom residence with direct office access
  • Close to Beaumont Street and Newcastle’s dining precinct 

  • 96 beautifully appointed apartments in the complex with a strong letting pool
  • Flexible office hours
  • Secure building with no pools or BBQ area
  • An excellent multiplier

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004527
Property Type: Management Rights
Region: NSW - Hunter / Central Coast
Suburb: Islington
Sale Type: Management Rights - All
Price: $1,495,000

Listing Agent(s)

Agent Feedback

Highly professional, honest, trustworthy, thoughtful, with high integrity and a great character.  Shane supported us through the process of purchasing... During the entire sale he provided regular updates before and after the day, 7 days a week, with a high quality standard. We are highly impressed and have no hesitation in recommending Shane from Resort Brokers - I can guarantee you won’t find anyone better.

- Annette and Darryn Mendham SUNDOWNER ORIANA MOTEL

The thing we liked best was his refreshing honesty in all of our dealings…we didn’t ever feel that there was any “salesmanship” happening during the protracted negotiations. We wouldn’t hesitate to recommend Shane or Resort Brokers for a job well done and look forward to using your company the next time. He has done himself and your company proud.

- Bruce and Tanya McDonald MILLTHORPE MOTEL

Shane Wynhoven did a sterling job in securing the sale. He had to jump through a lot of hoops to get this across the line but he did so in a thoroughly professional manner at all times. He responded promptly to any enquiries we had with the property and updated us of any progress and of any impending problems.

- Bruce and Tanya McDonald MILLTHORPE MOTEL