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Name, Address & Contact Number Required in Email enquire
(Note: Only applicants deemed genuine will be allowed access to actual supporting documents).
Forster Marina $790k wiwo
This marina is located at Forster/Tuncurry, which is a thriving coastal town, 3 hours drive from Sydney, on the Mid North Coast of NSW, just a short walk along Little Street, from the Town Centre
The Marina, which has huge drive-by appeal both by road & water, offers new owners various untapped income streams. It is currently running as a boat hire, shop, bait, tackle & moorings (casual & permanent) including island residents.
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This is a genuine private sale by the owner, who is reluctantly selling due to ill health.
The business has been run at a bare minimum in preparation for redevelopment to restaurant & marina.
For those with drive, wanting a waterfront business with good cash flow potential, unique laidback lifestyle & a joy to work in, this is your opportunity for a first time advertised business.
This is a redeveloper's dream as all of the legwork has been completed up to design & DA Submission. Having one of the largest lease holdings on the lake of nearly 2000 square metres allows redevelopment of the facilities (commercial waterfront approved & nominated into the new lease by the Lands Department).
There are options to expand the marina under the current (commercial waterfront) lease, to include a restaurant/cafe. Also the potential for additional income to the marina such as shop, services & workshop, tour operators mooring their vessels, souvenirs & merchandising, catering, bait & tackle, dive boats & diving equipment, canoes, kayaks & sea kayaks, water taxis & ferries, rental and/or commissions etc; |
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| Business Facts |
Waterfront position on the Wallis Lake
Lands Department Lease Occupation is "WaterFront Commercial"
Lands Department Approval for Development written into existing lease to develop the Marina as Waterfront Commercial e.g. restaurant/cafe incorporated into new buildings, decks & floating marina berths.
Rent of approximately $24500 p/a + outgoings
Long 20 yr lease (balance 16years) with favourable conditions including Fuel Tank Area
Area 1780 sq m lease plus 170.8 sq m under license
Property (compliance ready for DA of your choice of design and or style to Great Lakes Council & Lands Dept) |
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| WYSIWYG |
Hard deck & boat sheds
25 marina berths/bays up to 7.5 meters some floating, some wharfs
Marina berths in high demand casual or permanent
Ability to Trade 7 days (if required)
Absolute prime position
Profitable with multi-layered income
Expandable business with consistent revenue Marina offers huge potential for growth through development
Acceptable rent with generous Lease conditions
Business can be run under management
Enjoy an outdoor lifestyle in a relaxed, booming coastal town
Large lease area/land holdings
Opportunity to grow the business with extended products and services.
such as:
o ancillary business space,
o tour operators mooring their vessels,
o souvenirs & merchandising,
o catering,
o bait & tackle,
o dive boats & diving equipment,
o canoes, kayaks & sea kayaks,
o water taxis & ferries,
o rental and/or commissions etc are all untapped revenue sources |
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Forster Marina is well positioned in the local hospitality and tourism market with planned development of new tourism and holiday facilities such as the $30 million Wallis Island Resort which is planned for construction |
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Overview: Reason
For Sale |
In March 1998 we received a letter from Lands Dept that GLC (Great Lakes Council) had brought into effect the DCP17 allowing the establishment of a waterfront restaurant on our lease opposite South Street. I consulted both GLC & the Lands Dept, having acquired the neighbouring boatsheds with the view of taking up the offer. I lodged the paperwork November 2000 to acquire a new 20 year lease to the new compliant "commercial waterfront". The new lease was granted July 2005. It took a further 18 months to have the Valuer General combine all the leases and licenses into one (rateable property) lease & license which is now ready for design & redevelopment. Ref 1. |
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Whats
For Sale? |
Forster Marina,
Lease & License (16 years)
Bait & tackle
Mobile marine service
Hard deck & boatsheds
Hire & Drive Licence (15 Various size runabouts)
Hire & Drive Licence ( 2 Pontoon party boats) Built to survey
Hire & Drive Licence ( 1 Pontoon 4e party boat) Built to survey
Hire & Drive Licence ( 1 Pontoon 4e &1e party boat) Built to survey
Work Punt (10 Metre) with hydraulic & electric crane
Marina berths & moorings - casual & permanent
Boat pump out facilities
Ice making machine & storage
Refuelling station ability
Fishing License Agency
Licences & registrations
Plant & Equipment
On Loan Equipment: Westpac Eftpos, Saxbys Fridge, Peters Freezer, Tweed Bait Freezer |
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| Business Details |
Turnover last 12 months in excess of $135k with huge potential to expand & grow the business
Outgoings Fixed Ref 2. Spreadsheet Comprising of:
Telephone, Water rates, Electricity, Insurances, GLC Rates, Waterways Licenses & Registration
Rent is YTD $20,000 per annum incl GST. (29-July-2009 to 28 July 2010) Ref 4.
License is YTD $550 per annum incl GST. (29-July-2009 to 28 July 2010) Ref 5 |
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| Lease, Licences & Registrations |
Lease to July 2025 Ref 3
License to July 2025 Ref 10
Fair Trading Ref 6
Waterways Hire And Drive Ref 7
Waterways Party Boat Surveys Ref 8 Ref 9 |
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| Purchase Price |
$790k wiwo
Owner willing to remain throughout the transition stage, assist with DA and construction with the new owner if required.
Bibliography
Ref 1,2,3,4,5,6,7,8,9 & 10.
Note: The word Ref and number refers to a PDF file copy of the actual supporting documents which can be made available |
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| DISCLAIMER |
Please note:
This Summary and information is a guide only. Independent financial and legal advice is strongly recommended to confirm this overview which is based on information supplied by the owners of the business. We are not qualified to provide financial and or legal advice and suitable due-diligence is required by prospective purchasers.
Purchasing any business involves risk and in some cases losses may occur, we encourage all prospective purchasers to seek independent financial and or legal advice in conjunction with your own due diligence before committing to purchase or commencing any business.
The information in this Business profile is confidential and subject to copyright. No one else may read, print, store, copy, forward or act in reliance on all or any of this information attached. If you are not the authorised recipient any use, reliance upon, disclosure or copying of this document is prohibited and unlawful. | |
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