Large Scale Gold Coast Opportunity
$3,445,000
Resort / Holiday management rights, Biggera Waters QLD
An outstanding opportunity to purchase a well performing business located right within the Gold Coasts central precinct. This complex lends itself perfectly to holiday guests and retains a significant upside for the new owner to take the business to the next level. With a low $650,000 for all the included real estate including office/reception area and a large 3 bedroom (Pet Friendly) mangers unit, this complex is perfect for either new entrants to the Management Rights industry, partnership or syndicated purchase.
Key highlights
- Substantial Income of $551,779 (16% ROI)
- Excellent guest return rate and solid steady occupancy
- Sound BC Salary
- Well appointed low rise complex and easy to manage and maintain
- Central Attractive Location with close proximity to attractions
- Excellent facilities to accomodate short term stays
- Good opportunity to grow letting pool and increase profit
- Large 3 Bedroom, 2 Bathroom managers unit (Pet Friendly)
- 25 year Caretaking and Letting Agreements (Recently topped up)
- No Set Office Hours (Make your own)
- Flexibility to employ additional staff if you choose (Allowance for staff included in P&L)
Please call Charles Nurse to receive a full information package and or arrange an inspection.
More Information
- Total Purchase Price: $3,445,000
- Net Income: $ 551,779
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 695,000
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?