- Managements rights holiday letting with high returns for sale
- Absolute waterfront property in Kingscliff New South Wales, just south of the Gold Coast, Queensland
- Tweed Heads - Byron Bay, Northern Rivers, north coast area, Australia
Introduction
Located on absolute waterfront in Kingscliff, Sunrise Cove Waterfront Holiday apartments complex consists of 28 apartments, with 18 luxury AAA 4 star rated 2 and 3 bedroom fully self contained luxury apartments under management, with the opportunity increase the number in the rental pool.
Facilities include solar heated saltwater swimming pool with sheltered pool side barbeque and sundeck, lock-up undercover parking and remote control security gate with intercom.
Just 5 minutes stroll to Kingscliff's "eat street", with a veritable smorgasbord of world cuisines and alfresco dining, Sunrise Cove is located just 15 minutes drive to Gold Coast Airport at Coolangatta.
Multiplier Value
Management rights for this property would ideally suit experienced existing rights managers looking for an opportunity to maximize growth and cash flow, a mature family or redundancy payout investors, or lifestyle sea changers seeking a profitable hospitality business.
If this property was 10 minutes drive north on the Gold Coast in Qld, the multiplier would be valued at 4.5 to 5x.
This absolute waterfront location just south of Tweed Heads in NSW, is valued at 3.5 to 3.8x multiplier!
For more information on this great lifestyle business opportunity with growth potential, contact the owner now!
Popular Holiday Destination
Kingscliff is a popular holiday destination for Queensland, NSW and Victorian visitors, and this beautifully presented resort operates on high repeat holiday lettings.
Located on the Tweed Coast scenic tourist route, favourite tourist destinations within driving distance include Byron Bay, Nimbin, Murwillumbah, Mt Warning National Park, Tweed Heads, and the Gold Coast with all its attractions including theme parks and shopping, just over the border in Queensland.
Popular activities include fishing, swimming, snorkelling, surfing, and touring the region's attractions.
Locality
Just a few kilometres off the Pacific Motorway, Kingscliff retains its tranquil charm while offering easy access to the Gold Coast and theme parks, Byron Bay and the beautiful Tweed Valley and Mount Warning.
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Sunrise Cove is an absolute waterfront Kingscliff location:
- 15 minutes drive to Gold Coast Airport at Coolangatta
- 12 minutes drive to Tweed Heads
- 25 minutes to Murwillumbah
- 35 minutes to Surfers Paradise
- 30 minutes to Byron Bay
- 90 minutes to Brisbane
- Would you like to make a viewing appointment?
Property Layout
Right on the water’s edge, there are growth opportunities for Kingscliff’s premier waterfront accommodation, with 28x two and three bedroom apartments in the complex, 18 being under managment, and an additional 9 apartments in two other properties in the rental pool. Click on images for larger layout views in pop-up window.
Description
- Walk up 2 stories only, built 1996
- Absolute waterfront holiday building with 18 units in pool
- Most units have water views
- Stroll along waterfront boardwalk to cafes, restaurants and shops
- Full Real Estate Licence required (RPL* available)
- Managers residence with sweeping water views, 3 bedroom, 2 bathroom apartment
- 3rd bedroom converted to office, Ezyrez software
- Nett profit currently in excess of $200,000 (incl. Body Corp remmuneration)
- Security gated complex
- Solar heated salt water swimming pool
- Barbeque facilities amongst landscaped gardens
- Undercover car parking
- Watersport equipment hire and tour bookings
- 10 year renewable accommodation module agreement
- Body Corporate levies $3,250.00 pa CPI adjusted
- Council rates: $1,450.00 pa
- Multiplier approx. 3.75x
- sunrisecove.com.au - well established domain name and web site
- 9 additional rental units in 2 other buildings
Would you like more information on this business opportunity? Contact us now.
*RPL: Recognised Prior learning
Contact Us
Like to know more? For more information on this great lifestyle business opportunity, please contact Karen Murphey, on tel: (02) 6674 5046, or email us to arrange an inspection. Please note: Inspections are by appointment only.
*Interior photography indicative only. Furnishings and designs differ in each unit.
Sunrise Cove Waterfront Holiday Apartments
28 Moss Street
Kingscliff, NSW 2487, Australia || Tel: (02) 6674 5046
Big Volcano Real Estate; Properties, Tourism Businesses for Sale