HOLIDAY MANAGEMENT RIGHTS PERFECT LOCATION
$1,685,500
Resort / Holiday management rights, Broadbeach QLD
A fantastic opportunity exists to purchase an excellent business in the very popular holiday destination of Broadbeach on the Gold Coast. Showing a great net profit and with 23 years left on the agreement this management rights business is an attractive buy.
There are 10 stylishly appointed 1- and 2-bedroom apartments in the letting pool.
Offering a great lifestyle with no set office hours in the agreement, this is a great business for new entrants to the management rights industry.
- Long Agreements
- No set office hours
- Beautiful renovated managers unit
- Fantastic location
- Net profit $179,000
Call now for more information and to arrange an inspection, you won't be disappointed.
More Information
- Total Purchase Price: $1,685,500
- Net Income: $ 179,068
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 880,000
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?