Holiday/Permanent Waterfront4.6 Multiple
$1,879,000
Resort / Holiday Management Rights, BIGGERA WATERS QLD
Net has just gone up but price didnt. Waterfront Holiday Complex in Biggera Waters Great lifestyle waterfront complex of 65 apartments, three level walk up A mixture of permanent & holiday letting and owner occupied. Offers a good return of $238+ with a good BC Salary of over 115K... Features include 2 renovated pools, facing to the canal with fantastic holiday feeling Half tennis court Gym, BBQ area and pay TV with NBN installed. Large underground car park Every unit has water views One block away from Broadwater Walking distance to Metro shopping center & restaurants 5 minutes drive to Harbour Town shopping center and 15 minutes to theme parks. Public transport is also close by. Managers unit, has been FULLY renovated from top to bottom and it is beautiful and spacious. 3 bedrooms, 2 bathroom, 2 large balconies. Nice views overlooking the pool / waterfront areas. Separate office is on title, easy access from the apartment. Reasonable office hours with the ability to have staff run the office. Very well run complex so just come and take over all the hard work has been done!!! Already pre booked of 70% of holiday makers. Lots of return guests due to the sporting facilities in the area. Call Kerrie Lush 93
More Information
- Total Purchase Price: $1,879,000
- Net Income: $ 238,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 775,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.6
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?