PERFECT HOLIDAY MLR WITH HIGHER ROI!
$2,475,000
Resort / Holiday management rights, Burleigh Heads QLD
Situated directly opposite the beach, an exceptional opportunity arises to acquire the management rights for this resort. The holiday rental pool comprises 38 spacious self-contained apartments, all offering delightful views.
The communal facilities are effortlessly maintained, including a heated pool and spa, allowing you more time to enjoy.
The manager's residence features two sizable bedrooms, two bathrooms, and a dedicated office space, offering an ideal blend of comfort and functionality in this idyllic setting.
An enthusiastic new operator could potentially increase the net profit by $80,000, and possibly more, thus increasing the capital price of the business by over $350,000 based on todays market.
This management rights venture includes a substantial body corporate salary of $121k with annual CPI adjustments. Coupled with secure 25-year agreements, this resort fulfills all criteria. Its prime location offers easy access to a variety of superb dining options, quaint cafes, vibrant bars, and, of course, the beach.
With a significant net profit, attractive body corporate remuneration, and enduring agreements, this management rights opportunity demands attention. Don't miss out on securing the lifestyle and financial benefits you've been seeking.
Book an inspection with the SIRE team!
Net Profit: $377,876
More Information
- Total Purchase Price: $2,475,000
- Net Income: $ 377,876
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 775,000
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?