COOLANGATTA BEACH LUXURY PERMANENT COMPLEX | Resort Brokers ID : MRB008177
$1,260,000
Permanent Management Rights, Coolangatta QLD
ResortBrokers presents an exceptional opportunity to acquire the caretaking and letting rights to the modern residential complex located just 200 meters from the golden sands of one of the southern Gold Coast's favourite beaches.
This incredible business is being sold with topped up 25-year agreements, no requirement to live onsite or purchase real estate, and flexible office hours, providing the new owner with a high degree of freedom. Boasting a healthy net profit of circa $210k, combined with the potential for growth in the letting pool, makes this an investment opportunity not to be missed.
This proposition is genuinely hard to come by with high demand for residential, business-only management rights driving record results in the current market. With growth potential, flexibility, and an unbeatable beachside location, don't miss out on this chance to secure this opportunity.
- High-demand permanent complex with a strong rental market
- No obligation to live onsite or purchase real estate, offering flexibility and freedom
- Luxury residential complex with state of the art amenities
- 24in the letting pool with potential for expansion
- Manager's officewith flexible operating hours for a manageable workload
- Beautifully designed apartments
- High net profit promising strong financial returns
- Inspections are by appointment only
Date updated: 28 Apr 2024 23:00:07
More Information
- Total Purchase Price: $1,260,000
- Net Income: $ 209,830
(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?