Luxurious Whitsunday Rights Business - ID 8607
$3,580,000
Resort / Holiday management rights, Airlie Beach QLD
North Queensland Management Rights For Sale
Perfect Rights to Have it Fully Managed, While You Relax in a Semi-Retired Existence
- Gold medal award winning resort, with 20 years on Management Rights
- 31 Lots / 27 apartments in letting pool
- Generous salary exceeding $70,000 plus GST, with low 4.07 multiple
- 2 bed, 2 bath manager's residence with 4 carparks and storage
- Substantial reception and office on title
- Close to marina and shops
- Stable body corporate committee
- 20m infinity pool, tour desk, undercover parking, EV charging station, gym, Wi-Fi, sauna, guest lounge and jacuzzis to most apartments
- Hirum and Site Minder PMS
Would suit a consortium to invest into, and appoint suitable management team to oversee the property, while earning a stable return on investment, or a semi retired couple assisted by a younger management couple.
Net Profit: $658,584 (31/5/2023)
Asking Price: $3,580,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $3,580,000
- Net Income: $ 658,584
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.1
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?