Opportunity for Experienced Active Equity Managers in Burleigh Heads
$1,216,702
Resort / Holiday management rights, Burleigh Heads QLD
A unique Management Rights opportunity presents for Experienced Active Equity Managers to take over the day to day management of this luxurious Burleigh Heads resort. This well-established Burleigh Heads property is located in popular Burleigh Heads, positioned directly across from the beach.
A 30% share is available for an active couple. The equity required is $417,000 (total cost of share - $1,216,702) for a return of approx. $155,000 pa (this figure includes the managers salary of $100k for a managerial couple plus return on equity investment of approx. $55k) which equates to a 37% ROI. *Please note a larger share is available for the right purchaser.
As part of this package, the active managers are also provided with a beautifully renovated managers unit consisting of two bedrooms plus two-bathrooms and offers a stunning wrap around balcony situated on the ground floor directly opposite the beach.
This upmarket resort offers an extensive range of facilities catering to every holiday makers wish list requirements including Heated Outdoor Pool + Pool Cabana, 2 Spas, 2 Saunas, Full Size Tennis Court, Gym, Games Room, BBQ Area and Secure Underground Parking.
Located within walking distance to a great array of fantastic restaurants cafes, bars and shopping facilities. This is a popular location for those who are wanting to live and work beachside in one of the most popular locations on the Gold Coast!
More Information
- Total Purchase Price: $1,216,702
- Net Income: $ 475,542
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,050,000
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?