Apartment for sale

1/17 Golf Avenue,

Mollymook, NSW

2 1 1
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Jump on the tourism boom

The management rights of The Cove Holiday Apartments are being offered for sale for the first time in 13 years.

This outstanding opportunity will enable you to live the lifestyle that you have always dreamed of.

Also included in the sale is this stunning two bedroom unit.

Key highlights

- This is an established business that can be easily be managed by a couple
- Long agreement in-place for incoming managers
- The net is $155.583 for 8 rooms
- Ocean views from managers unit
- Dog friendly (small)
- This unit is zoned for permanent residency all other units in this complex are
zoned for holiday letting
- Cash flow from day one
- Harmonious body corporate
- Proactive owners

The managers unit has been independently valued by the Optima Property Group (licensed valuers) at $600,000 (unit only)

Tourism Research Australia released its 2017 Tourism Forecast report on August 2, covering national forecasts, state and territory forecasts, influencing economic factors, risks and other driving factors.
According to the report, total visitor nights in Australia are forecast to increase by 4.7 percent in 2017-18, from 603 million nights in 2016-17, so 631 million nights. Just under half of these nights are expected to be from international visitors, while 54 percent will be from domestic overnight travel of Australian residents.
What will growth look like?
Tourism growth in 2017-18 is expected to be largest for the Australian Capital Territory, Queensland, South Australia, and New South Wales.
The Australian Capital Territory will experience a seven percent increase in tourism, bringing it to 11.8 million nights, while Queensland will experience a 5.7 percent increase to 146 million nights, and South Australia and New South Wales will both see a 4.8 percent increase, percent increase, bringing visitor nights to 34 million and 198 million nights respectively.

Please contact me direct for more details Mick Scott Lyall and Scott Property

Need help selling your business?

Lyall and Scott Property your Mollymook Real Estate Agents
Last updated: 04:46AM on Sep 28th 2017
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Lyall AND Scott Property

57 Bannister Head Road
Mollymook Beach NSW, 2539
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