Holiday Management Rights at Caloundra Overlooking Happy Valley Beachfront and Pumicestone Passage
$1,295,000
Resort / Holiday management rights, Caloundra QLD
Two complexes side by side, only one apartment to purchase. This package is in pole position to start your new short term holiday management and letting rights business career.
Located just a short walk from Caloundra Street Fair Sunday Market, this pair of complexes with a total of 36 self-contained and refurbished apartments, provides the guest with the quiet ambience of a restful beachside holiday. Cinema, liquor barn, numerous restaurants are all on the same street and cater to the full range of holiday needs.
This is a Standard Module MLR Business opportunity.
TOTAL NUMBER OF UNITS : 36
UNITS IN LETTING POOL : 24
NET PROFIT : $211,278
MANAGER'S RESIDENCE : 1 bedroom, 1 bathroom, 1 car space
REAL ESTATE PRICE : $520,000
BUSINESS PRICE: $775,000
TOTAL ASKING PRICE : $1,295.000
More Information
- Total Purchase Price: $1,295,000
- Net Income: $ 211,278
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 520,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.7
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?