LIVE OFF SITE - SURFERS PARADISE RESORT
$1,600,000
Resort / Holiday Management Rights, CHEVRON ISLAND QLD
Enjoy the cafes, restaurants, entertainment, and local shopping. This lovely holiday apartment complex is only 2 km from Surfers Paradise beach.
All one bedroom, fully self-contained holiday apartments with the essential amenities of swimming pool, spa and BBQ area all set amongst a lush garden setting.
Long agreements in place with over 24 years remaining on this Gold Coast Management Rights business. Supportive Body Corporate committee.
No need to live on-site. Currently run under management. Staff happy to stay on.
Given the ten outside agents currently within the complex there is scope to increase your letting pool by a massive 50% which in turn will significantly improve your profitability.
A great return on investment and lifestyle awaits you!
More Information
- Total Purchase Price: $1,600,000
- Net Income: $ 264,682
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 430,000
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?