BURLEIGH HEADS BEACHFRONT - OUTSTANDING BUSINESS
Offers Over $2,995,000
Resort / Holiday management rights, Burleigh Heads QLD
Perfectly positioned opposite the famous Burleigh beach one of the most popular tourist spots on the Gold Coast this holiday Management Rights business ticks all of the boxes.
The building consists of a total of 44 apartments, 20 of which are in the letting pool. The building has undergone a number of upgrading projects and the complex presents beautifully. To compliment this great business is a beautiful 2-bedroom, 2-bathroom renovated ground floor managers unit.
The new managers will appreciate the benefits of the excellent systems that the current owners have in place, all the hard work is done. There are no set office hours in the agreements and offering the an excellent return on investment this is a fantastic business and lifestyle opportunity.
Highlights -
- Net $429,321
- Ranked Number #1 on Trip Advisor in Burleigh Heads
- No set office hours
- Beachfront location
- Beautiful groundfloor apartment
- Burleigh Heads, one of the hottest holiday destinations on the Australian East Coast
Sale Value -
Management Right Value (Standard MR Multiplier on profit in this location 4.7x) $2,020,000
Manager Apartment & office (Based on average of 3 recent Solnamara apartment sales) $1,200,000
Total Value $3,220,000
Offered to the Market at Offers Over $2,995,000
This complex is a must to inspect, contact me now to discuss further.
More Information
- Total Purchase Price: Offers Over $2,995,000
- Net Income: $ 429,321
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,200,000
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?