Genuine Retirement - $92,000 Price Drop - ID 8749
$1,350,000
Resort / Holiday management rights, Biggera Waters QLD
Mixed Letting Management Rights For Sale
High Income & Perfect Operation
- 32 apartment complex with 17 in the letting pool
- 12 holiday lets and 5 permanent rentals
- No requirement to live onsite, contactable via phone
- No set office hours, minimal workload
- Rent out the manager's residence for additional income
- The residence is large with 2 bedrooms and 2 bathrooms, lovely courtyard
- Enjoy Broadwater views from both the office and residence
- Very convenient location, short drive to both Harbourtown and Australia Fair
- Well known business with solid 16 year foundation
- Strong holiday bookings
Earn more without living onsite, perfect order in place - must sell!
Net Profit: $170,507
Asking Price: $1,350,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: $1,350,000
- Net Income: $ 170,507
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?