BYRON BAY RESORT WITH RARE 20 YEAR AGREEMENTS | Resort Brokers ID : MR008046
$2,570,000
Resort / Holiday Management Rights, Byron Bay NSW
ResortBrokers presents an excellent opportunity for a couple to run the profitable, well-established management rights and letting business at Oasis Apartments&Treetop Houses ideally located in the enviable Byron Bay.
Boasting a substantial net profit and solid Body Corporate salary, with long-term agreements in an area that typically sees term limits of 10 years maximum, no gardening requirements, and further upside via external management services which brings in $10,300 annually, this won't last long on the market.
Astute buyers should be quick to consider this incredible opportunity to tap into Byron Bays unbeatable appeal with a first-rate property and letting business.
- Portfolio of 22 diverse properties in letting pool with potential for expansion
- Prime location just a stone's throw from Byron Bay's bustling centre
- Proximity to the renowned surf beach and pristine unspoiled coastline
- Renovated, manager's unit with modern amenities, a private balcony and a courtyard
- Office/reception complete with kitchenette, bathroom and balcony
- Ideal opportunity for newcomers, with trained staff and established systems
- Additional income stream via external management services
- Inspections are by appointment only
Date updated: 01 May 2024 23:00:02
More Information
- Total Purchase Price: $2,570,000
- Net Income: $ 355,734
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,100,000
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?