Byron Bay Absolute Beachfront Resort + High Net Profit over $559k | Resort Brokers ID : MR008017
$4,275,000
Resort / Holiday Management Rights, Byron Bay NSW
Paradise beckons, this true sea-change resort lifestyle business on Byrons beachfront is set amongst an oasis of tropical palms with absolute ocean views.
Everything about this property conjures luxury, from its quality resort-style facilities to its easily maintained gardens, this pure holiday business, with no owner-occupiers, has an incredibly high net profit of $559,780, coupled with no set office hours and a supportive committee, it is a dream to run.
You can experience all that this spectacular beach town lifestyle has to offer mere footsteps from your new luxury home, an impeccably renovated 2-bedroom, 2-bathroom ground floor, one-car apartment with an expansive outdoor courtyard perfect for entertaining and independently valued at $1,700,000.
Byron Bay's soaring popularity as a playground for the rich, famous and sea changers has pushed the market to an all-time high, therefore this quite simply is an incredible opportunity to buy into Byron and secure a high net, premium beachfront lifestyle business.
Get in touch with Todd on 3 to schedule your inspection.
High quality + high net profit beachfront resort
Renovated luxury 2-bedroom, 2-bathroom manager's apartment
Pure holiday business with no owner occupiers
Consistent income growth& high net profit $559,780
No set office hours provide a work/life balance
Very positive& supportive OC committee
Quality resort-style facilities& gardens are easy to maintain
Beautifully renovated residence is the highlight - right opposite the beach
Topped up agreements
Property inspections are by appointment only
Date updated: 28 Apr 2024 23:00:04
More Information
- Total Purchase Price: $4,275,000
- Net Income: $ 559,780
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,700,000
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?