Beautiful Coolangatta
$1,675,000
Resort / Holiday Management Rights, COOLANGATTA QLD
Located on the Southern Gold Coast and overlooking one of the greatest surfing beaches of the world. This rare north facing beach is an extremely popular holiday destination for both families and surfing enthusiasts alike. The Gold Coasts enviable weather and Rainbow Bays regular surfing events ensures an excellent occupancy rate with a very high percentage of that repeat business. The business is a very manageable size with only 24 units in the building and 18 of these in the rental pool. Established cleaning staff are employed. The majority of the units are finished to a high standard, all are generous in size and have outstanding water views over the Bay. The building is well maintained with exclusive use office/reception, swimming pool and spa. Ample storage areas for surf equipment recognizes the close relationship this building has with the surfing fraternity. Supportive and friendly community of like minded management rights operators socialize and promote Rainbow Bay together. Full training is offered by outgoing managers. Very difficult to describe just how good this business is and inspection is a must for those considering a sea and lifestyle change! Net profit $220+K, Unit $875K, Management Rights $800K Total Price $1,675,000.
The unit is bright and breezy with a wrap around yard. The yard is huge and very private. Perfect for children or dogs. Its a beautiful unit, very rare to have such a huge back yard.
Email me for pictures
Kerrie Lush 93
More Information
- Total Purchase Price: $1,675,000
- Net Income: $ 199,278
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 875,000
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?