Price Reduced in Seaside Tourism Town
$925,000
Resort / Holiday management rights, Ballina NSW
NSW Management Rights For Sale
Easily Managed By Single Operator
- Motivated vendor has reduced the price by $50K due to personal reasons
- Ideal waterfront business with potential to expand
- Large office / reception area with bathroom facilities on title to purchase but live offsite
- 11 Boutique holiday apartments with 15 keys due to dual occupancy options
- + 3 bed apartment new in the rental pool and not showing in the figures
- Set your own hours
- Good onsite facilities, guests walk to all local amenities
- Central location in Seaside City just 1 hour to the Gold Coast
- 10 year letting agreement with building owners
Great business that is easily run by a single person. No unit to buy, just an office with amenities. Located in the CBD on the river. No caretaking duties and you can set your own hours. Ideal lifestyle business for someone from the real estate game to downsize and start living a life!
Also suit a newcomer to the industry- need a real estate license to operate.
Net Profit: $292,880
Asking Price: $925,000
More Information
- Total Purchase Price: $925,000
- Net Income: $ 292,880
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 375,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 1.9
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?