LARGE PERMANENT BUSINESS-ONLY SUNSHINE COAST $516,1032 NET (PROJECTED TO $572K) | Resort Brokers ID : MRB008166
$2,993,391
Permanent Management Rights, Birtinya QLD
A compelling exclusive business only opportunity awaits on the Sunshine Coast, furthermore there are no real estate acquisition requirements. Presenting the most lucrative permanent resort in the local market, this unique proposition is poised to garner rapid interest owing to its exceptional economies of scale.
With an impressive 17.2% ROI and no obligation to purchase units, complimented by a strong letting pool of 97, this offering boasts a combined net profit of $516,102 and a Body Corporate salary exceeding $276,000, making it an effortless operation ideally suited for astute investors. Additionally, with five units converted to short-stay accommodations in response to robust demand from nearby hospitals and sporting venues, the projected net income is set to soar to $572,000 within the next 12 months (projections available).
Positioned strategically near the flourishing health sector of the Sunshine Coast, these properties present an ideal investment opportunity for a hands on operator or passive investor. Seize the chance to acquire the most profitable business venture, ensuring a lucrative coastal management endeavour in Birtinya.
- Achieving a net profit of $516,102
- A lucrative opportunity for high returns, suitable for independent operation or management oversight.
- 20-year tenure on the accommodation modules.
- Flexible operations with no set office hours.
- No real estate purchase obligation.
- No mandatory onsite residence requirement.
- Efficient dual management of both schemes.
- Combined Body Corporate salary amounting to $276,093.
- A substantial combined letting pool, totalling 97 units.
- The net income is projected to rise to $572,000 within 12 months (projections available)
Date updated: 28 Apr 2024 23:00:07
More Information
- Total Purchase Price: $2,993,391
- Net Income: $ 516,102
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?