Boutique Broadbeach Resort - ID 8541
$1,685,000
Resort / Holiday management rights, Broadbeach QLD
UNDER CONTRACT
Gold Coast Management Rights For Sale
Refurbished Two-Bed Manager's Apartment
- 29 unit mid rise complex built in 1999
- Body corporate salary over $59,000
- Ability to grow business with outside agents and lockups
- Accommodation module with 23 years remaining on agreements
- Healthy sinking fund over $260,000 little capital works planned
- Ideal location on the border of surfers paradise and broadbeach
- Very comfortable fully refurbished 2 bedroom managers apartment
- Minimal facilities with outdoor pool, spa and bbq area
- Large office/reception attached and on exclusive use
- Would suit experienced operator or first timer husbans and wife team
Ideal location close to beach, Star Casino, Pacific Fair, Broadbeach Art and Craft Markets, Kurrawa Park, Oasis Shopping Centre, Broadbeach Mall, Surfers Paradise, Gold Coast Convention Centre, Gold Coast Hinterland adventures and a short drive to all Gold Coast theme parks.
Net Profit: $179,000
Total Asking Price: $1,685,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,685,000
- 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: 4.5
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?