UPSCALE AWARD-WINNING MANAGEMENT RIGHTS | Resort Brokers ID : MR008084
$5,248,477
Resort / Holiday Management Rights, Coolum Beach QLD
ResortBrokers proudly presents to market the Management Rights of one of the Sunshine Coast's premier beach resorts.
This business encapsulates the effortless glamour and sophistication of the coastal lifestyle being located within retail and dining precincts and directly across the road from the beach.
The opportunity boasts an irreplaceable asset and location, a consistent letting pool and a manageable size, all in a market renowned for being robust regardless of what market we are in. The business includes a small caretaking business as well.
The sensational manager's residence features three bedrooms and two bathrooms with a small private outdoor area, a large balcony and a modern air-conditioned office on the title. The apartment is a magnificent example of fresh modern contemporary design that will appeal to even the most discerning purchasers.
- The complex comprises self-contained, one, two and three-bedroom apartments and a stunning penthouse. All are individually furnished to exceptionally high standards.
- Long accommodation module year agreements.
- $717,905 Net income.
- Luxury bedroom manager's residence valued at $1.3m
- Multi award-winning
- Stable letting pool over many years
- Property inspections are by appointment only
Date updated: 21 Apr 2024 23:00:07
More Information
- Total Purchase Price: $5,248,477
- Net Income: $ 640,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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?