HOPE ISLAND DREAM BUSINESS WITH OVER $450K NET PROFIT&ROOM TO GROW! | Resort Brokers ID : MR007959
$2,809,083 + $600K
Permanent Management Rights, Hope Island QLD
ResortBrokers presents an exclusive opportunity to secure a coveted management and letting rights business in Hope Island. This waterfront complex is ideally positioned to capture sweeping views and access the very best of Hope Island's lifestyle.
This lucrative business investment offers a net profit over $450K, gives incoming manager's flexibility with no set hours and provides a well-planned, stylish manager's freehold lot with studio, offices, carpark and storage to successfully operate the business.
- Comprises a total of 207 apartments, all mid-rise buildings
- Verified net profit of $453,078 based on 43 units in the letting pool
- BC salary of $401,472
- 24 years remaining on Caretaking and Letting Agreements
- Freehold studio, office, carpark and storage space for manager use - $600,000
- No set office hours, manager is required to reside on-site
- Facilities include pool& spa, gymnasium, barbecue area and function room
- Private marina and allocated kayak, canoe and bicycle storage
- Close to Sanctuary Cove, Helensvale and Labrador’s shopping centres
- Contact the agent to find out more information and to book an inspection
Date updated: 05 May 2024 23:00:04
More Information
- Total Purchase Price: $2,809,083 + $600K
- Net Income: $ 453,078
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
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?