Exclusive - Beachfront at Australia
$1,345,000
Resort / Holiday management rights, Cabarita Beach NSW
Mixed Management Rights For Sale
Accommodation Business
Ideally located midway between the Coolangatta International Airport & Byron Bay is this beachside accommodation business awaiting new owners. With all the structures in place to ensure a smooth changeover this business is ideal for first time accommodation operators or an experienced couple looking to maximise their seaside lifestyle.
Main features include:
- Renovated ground floor 2 bed managers apartment with 2 balconies
- Onsite - low maintenance grounds, gardens, pool & BBQ
- 11 onsite holiday rental properties & 4 permanently rented units
- Opposite your choice of 3 beaches
- Leisurely walk to restaurants, shops etc
- 7 mins drive to new Tweed Coast Hospital & specialist medical centre
- 13 offsite holiday rental properties - all within 10 mins drive
The Tweed Coast is seeing both increased tourism numbers and capital growth outstripping the Gold Coast. On offer is a fantastic business model opposite the beach with further growth potential. Whilst the income onsite in the building is good, adding the externally let holiday properties make this a very enticing business with a fantastic return on investment. The main clientele are couples on short drive weekend getaways and families on holidays. Call now as beachside lifestyles like this are hard to find!
Net Profit: $170,000
Asking Price: $1,345,000
More Information
- Total Purchase Price: $1,345,000
- Net Income: $ 170,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.5
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?