Easy-to-manage Currumbin MR complex + High BC Salary circa $126k | Resort Brokers ID : MR007936
$1,848,000
Resort / Holiday Management Rights, Currumbin QLD
ResortBrokers presents an exceptional opportunity to acquire The Hill Apartments, a well-established Management Rights business located in the picturesque and highly sought-after suburb of Currumbin, on the Southern Gold Coast.
This property offers an easy-to-manage complex with a positive Body Corporate, making it an ideal investment for those seeking a high net profit backed by a solid Body Corporate salary of $126,629 + GST.
One of the key highlights of this property is the ability to earn extra income via owner repairs and maintenance. This provides an additional revenue stream, making this investment even more lucrative.
Uninterrupted ocean viewsfrom every apartment
72 units - 26 in current letting pool
Lifestyle flexibility with no set office hours
Renovated 3-bed, 2-bath residence with private 35sqm balcony
Investors enjoy goodsolid returns on theirinvestment units
Large separate office and reception on title with no set office hours
Facilities include a heated pool, kids pool, outdoor spa, BBQ area, secure parking and storage areas
Inspections by appointment only
Date updated: 28 Apr 2024 23:00:04
More Information
- Total Purchase Price: $1,848,000
- Net Income: $ 219,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
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?