Price Reduction - Currumbin Beach Lifestyle Resort - ID 8002
$1,340,000
Resort / Holiday management rights, Currumbin QLD
Mixed Letting Management Rights For Sale
- 26 apartments located in a 3 storey walk up complex
- Absolute beachfront
- 8 apartments short term letting and 3 apartments are long term
- 3 outside agents and 5 lock ups
- Well maintained complex constructed in 1990
- Accommodation module, long agreements
- Body Corporate salary over $41,000
- Fully renovated 2 bed, 2 bath manager's residence
- Exclusive Use office and reception
- Would suit either a couple of single operator
The complex is in close proximity to public transport, patrolled beaches, surf club, airport, University and private hospital. This is undoubtedly a lifestyle complex right on the beach.
Net Profit: $157,300
Asking Price: $1,340,000
(Inclusive of Manager's Real Estate)
More Information
- Total Purchase Price: $1,340,000
- Net Income: $ 157,300
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 840,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.2
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?