Uncover Your Dream Management Rights Opportunity - ID 9076
$1,765,000
Resort / Holiday management rights, Broadbeach QLD
Gold Coast Management Rights For Sale
Long Term Vendors Retiring (Presently Run Under Management)
- Agreements will be topped up to 18 years at settlement
- Only metres from patrolled surf beach
- Spacious 3 bedroom residence with rare private yard, would suit a pet
- Separate downstairs office
- Ideal business for a two person team
- Walking distance to Casino and light rail station
- Located in the midst of shops and restaurants
- Growth opportunity with 14 outside rentals
- Stunning elevated pool with spa and sauna
- Body Corporate salary of $120,164
What a wonderful location for a holiday business, not only a short stroll to the beach but also opposite a shopping centre. Ideally suited to a two person team with some real upside as there are 14 holiday rentals presently not in the manager's letting pool. Vendors are retiring and the building is presently run under management.
Net Profit: $264,936
Total Asking Price: $1,765,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,765,000
- Net Income: $ 264,936
(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: 4.0
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?