LUXURIOUS, PERMANENT, BUSINESS-ONLY MANAGEMENT RIGHTS IN KIRRA | Resort Brokers ID : MRB007713
$780,000
Permanent Management Rights, Kirra QLD
ResortBrokers present the opportunity to acquire the Management Rights to The Del Ray, a premium, business-only MR in the heart of one of the Gold Coasts most popular holiday destinations, the iconic Kirra Beach.
The business has a Net Profit of $160,643 inclusive of a generous $97,200 caretaking remuneration, with solid upside potential for the pro-active manager. There is a strong demand for permanent beachside rentals in Kirra with low turnover and minimal vacancy rates, don't miss your chance.
With no unit to purchase, no requirement to reside onsite and no fixed office hours, this business-only, permanent let management rights provides an incredible opportunity for an experienced operator wanting to expand their Management Rights portfolio on the Gold Coast
- Iconic Kirra Beach location
- Exclusive use manager's office on title
- No requirement to own or reside on-site
- Anticipated 19 units inpermanentletting pool
- Easily managed caretaking - low maintenance facilities
- 72 luxury two and three bedroom apartments andtownhouses
- High quality mid-rise building with indulgent rooftop facilities
- Inspections by appointment only
Date updated: 28 Apr 2024 23:00:03
More Information
- Total Purchase Price: $780,000
- Net Income: $ 160,643
(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?