Work & Live in your own slice of Paradise On The Southern Great Barrier Reef
$2,500,000
Resort / Holiday management rights, Bargara QLD
Resort Management Sales are pleased to exclusively present the highly sought-after management rights business opportunity for C Bargara Resort, a prestigious holiday destination situated on the coastline of the picturesque Southern Great Barrier Reef and Coral Coast. Price includes 16 Holiday Letting Pool Apartments at C Bargara Resort and 15 offsite properties that are managed and serviced via C Bargara. These have been developed and nurtured over the last 5 years with many being high end high commission earners. The majority of these offsite properties are within a short drive from C Bargara, some even within walking distance. The furthermost property is only 10mins from C Bargara. All Housekeeping for the offsite properties is managed and coordinated from C Bargara. Very little hands on required by Management, owners have Garden contractors etc. A unique opportunity exists to continue to grow these given the reputation achieved for offsite property Investors to have confidence in the best management. Full Agents license required for the offsite properties but also provides the ability to do sales in the Resort if they come up or around Bargara.
Key highlights
- The Best of the Best must stay location on the Southern Great Barrier Reef
- Superior location at the waterfront close to all amenities and swimming beaches
- Coastal Paradise with Rock pools & Coral within minutes of the thriving City just 15 minutes away
- Strong Direct booking history and high guest return rate including Corporate bookings ensuring consistent occupancy year round
- Perfectly placed to continue to capitalise on the drive market between Rockhampton to the Gold Coast
- Continues to enjoy sustained occupancy along with significant growth in the average nightly rate
- Accor branding (franchise) with huge membership base for stays
- Highly rewarded and regarded maintaining No1 on Trip Advisor and placed in the top 1% of Hotels reviewed worldwide.
- Historic maintenance history for Building
- Ideal building for a start-up or experienced management couple
- Liquor License for minibar that includes several local flavours in rooms and from Reception
More Information
- Total Purchase Price: $2,500,000
- Net Income: $ 511,722
(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: 3.1
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?